SolarWinds Adds Cloud-Based Log Management Capabilities With Acquisition of Papertrail
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SolarWinds (SWI) Acquires Papertrail
April 28, 2015 4:41 PM EDTSolarWinds (NYSE: SWI) announced the acquisition of Papertrail, a Cloud-based log management company, for a cash purchase price of $41 million. This addition to the SolarWinds Cloud product family, joining the Pingdom and Librato offerings, represents the latest step in the company's efforts to offer solutions to monitor and manage Cloud-based applications, websites and infrastructure. This new technology application will enable SolarWinds to extend and connect log management capabilities from on-premise IT infrastructures to Cloud and SaaS-based environments.
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