Tideway Systems - Tideway Closes 2008 with Record Customer Wins

NEW YORK and LONDON – February 17, 2009 – Tideway, antecedents in abstracts centermost seek software, today appear after-effects for the budgetary year catastrophe January 31, 2009. For the third after year, the aggregation accomplished connected year-on-year advance in software authorization and aliment revenue, closing its better transaction of the year, a seven-figure accord with a all-around banking casework firm, in the fourth quarter. In addition, Tideway added 30 new audience above a array of industries, including Avis, Carphone Warehouse, ScanSafe and TransUnion. These new action barter accompany the bags of users who accept downloaded the Tideway Foundation Community Edition back its barrage in November 2008 to try the quickest way to cut IT costs and cautiously drive their abstracts centermost transformation initiatives.

The aboriginal download of its kind, the Community Edition is a absolutely anatomic adaptation of Tideway Foundation that discovers and maps circuitous concrete and basic abstracts centermost assets and applications. Users can now arrange Foundation for chargeless in their own environments and advantage the new blooming IT abutment accessible in Foundation 7.2. These features, which are now about available, accord organizations a individual belvedere from which to appraisal the carbon brand of business applications, accouterment opportunities for power, cooling, and arbor amplitude efficiencies.

Tideway’s connected advance and addition garnered the aggregation assorted celebrated industry awards throughout the year. In the fourth quarter, Tideway was accustomed as a World Economic Forum Technology Pioneer 2009. One of alone 15 IT companies called in the world, Tideway was accustomed for its addition and eyes in IT management, abeyant bazaar impact, and accurate chump adoption. Tideway was aswell called a Red Herring 100 Top Global Company, accustomed as one of the top 100 technology start-ups in the world.

“Winning our better new applicant of the year during the a lot of arduous budgetary division for abounding companies about the apple is a attestation to the absolute amount Tideway Foundation delivers,” said Richard Muirhead, CEO and Founder of Tideway. “Tideway barter are able to accomplish a new akin of IT accuracy that helps them drive down costs, accomplish accelerated ROI and access their abstracts centermost efficiency. Our adeptness to continuously advance IT administration bolsters our bazaar position for 2009.”

Additional 2008 Company Highlights:
-Infrastructure Baseline Service. This turnkey, packaged account delivers a complete account of all concrete and basic agreement items, with affirmed after-effects in as little as 30 days
-Significant advance in the approach affairs via cardinal partnerships with firms including ASG, Capgemini, Capita, Cisco, Computacenter, Compuware and USU
-Increased acceptance above assorted verticals such as energy, outsourcers, pharmaceuticals, retail, and the accessible area
-Penetration into new all-around markets with appearing action in Germany, the Middle East and South Africa
-Industry acceptance for Tideway chump deployments, including the 2008 InfoWorld 100 and 2008 Banker Technology accolade wins
-Voted Britain’s Fastest Growing Software Company by the Sunday Times Tech Track for the additional after year

About Tideway
Tideway helps get abstracts centermost projects done – on time and on budget. Tideway Foundation™ software continuously maps appliance relationships to concrete and basic infrastructure, including the dependencies amid them. This single, automated appearance of appliance cartography takes the amount and accident out of abstracts centermost migration, alliance and virtualization projects, accelerating ROI. Clients cover Dresdner Kleinwort, ING, Linklaters, Mizuho Bank and Wachovia. For added information, or to download the free, association copy of Tideway Foundation, appointment www.tideway.com.

Contact:
Audra Tiner
Director, Marketing Communications
Tideway Systems
a.tiner@tideway.com
+1 212-905-8979