Cisco at it again.
Cisco to buy Tidal Software for $105 million
Cisco to buy Tidal Software for $105 million in move to bolster data-center strategy
* Thursday April 9, 2009, 9:23 am EDT
SAN JOSE, California (AP) -- Cisco Systems Inc. said Thursday it agreed to buy privately held Tidal Software Inc. for $105 million, a step the company said will help bolster its strategy for creating more efficient data storage and networks.
Though relatively small, the acquisition is another in a string of recent moves by the San Jose, California-based company to expand aggressively beyond its traditional networking-equipment business.
Most recently, Cisco agreed to pay $590 million in stock for Pure Digital Technologies, which makes the Flip camcorder.
The company said it will pay for Tidal, which makes application-management software, in cash and retention bonuses. Tidal is based in Palo Alto, California, and Houston.
Cisco said it expects the deal to close in its fiscal fourth quarter, which ends for the company in July.
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