Cisco Systems Inc. (CSCO) is making good on that debt sale from earlier this year, the one that raised speculation the networking giant was embarking on an M&A spree.
The company now has announced it’s buying Tidal Software, a firm that specializes in applications management software. The deal is worth $105 million in cash and incentives.
“Cisco believes the network has become the logical platform to manage and maintain mission-critical applications,” Gary Moore, senior vice president of Advanced Services at Cisco, said in an April 9 statement. Thanks to Tidal Software, “Cisco will accelerate its ability to help customers optimize the performance of their business applications and automate operational best practices in real time, which will lead to significantly reduced operational costs.”