AUSTIN, TX – January 27,
2010 – SolarWinds,
Inc. (NYSE: SWI), a leading provider of powerful and affordable IT management
software to more than 88,000 customers worldwide, today announced that it has
acquired certain of the assets of Tek-Tools, Inc., a
privately-held company with offices in Dallas, TX
and Chennai, India, with a combination of cash and stock for up to $42 million. Tek-Tools’ Profiler
suite of products gives users visibility into the performance of
storage and virtualized server infrastructures. The addition of Tek-Tools’ offerings
to the SolarWinds Orion product portfolio will add management of enterprise storage
infrastructure to existing network and applications management capabilities,
delivering an end-to-end IT management solution.
“As the need for comprehensive
management of highly networked physical and virtualized IT resources becomes
more and more critical to enterprises of all sizes, we believe that this
transaction uniquely positions us to
provide a more complete solution that IT teams need to support their
environments,” said Mike Bennett, SolarWinds’ Chairman and CEO.
“Over the past 10
years, we’ve proven that our technology solves complex problems in very
simple ways and that our business model of delivering powerful, easy to use, low-cost
management solutions can succeed for a wide range of customers. The integration of Tek-Tools’ storage and virtualization
management products is an important addition to our product portfolio that will
allow us to respond to customer demand for an end-to-end IT management
solution that offers deeper visibility into networked storage and virtualized
environments.”
The SolarWinds Orion
product family has long offered companies of all sizes network, systems and
application management through products such as Orion Network Performance Monitor (NPM) and Orion Application Performance Monitor
(APM). Tek-Tools’
products will add deeper storage and virtualization management to the SolarWinds
portfolio, delivering broader IT management capabilities and increasing IT
organizations efficiency and responsiveness.
“The collision of technologies like virtualization and cloud
computing with business forces like ’lean IT‘ is putting pressure on IT organizations to rethink
their management approach; functions that were once discrete will need to merge
or collaborate more effectively,” said Kenny Van Zant, SolarWinds’ SVP and
Chief Product Strategist.
“Today’s
data centers include application servers, virtualization layers and storage all
dependent on an ’always available‘ network, and the ongoing adoption of virtualization and the
associated storage needs continue to drive the demand for and importance of
networked storage,” continued Van Zant. “Systems administrators have to be more network-aware, storage teams must
tighten integration with the virtualization teams and network engineers need
visibility beyond the routers and switches they manage today.”
Tek-Tools’
Profiler Suite will continue to be available from SolarWinds and select channel
partners. For more information on Tek-Tools and the company’s portfolio of storage and virtualization
management solutions, visit www.tek-tools.com. For more information on SolarWinds, the
acquisition and SolarWinds IT management solutions, please visit www.solarwinds.com.
In
support of this announcement, SolarWinds will host a teleconference on
Wednesday, January 27 at 7:30 am CT. The
domestic dial-in number for this call is 877-627-6544;
international participants can dial +1 719-325-4838 to access the call. Please dial in 5-10 minutes
before the scheduled start time. A live
webcast of the call will be available on the SolarWinds Investor Relations
website at http://ir.solarwinds.com. A replay of the webcast will be available on
a temporary basis shortly after the event at the same location.
Forward-Looking
Statements
This press release
contains “forward-looking” statements that are subject to safe harbors created
under the U.S. federal securities laws.
These statements include, among others, statements regarding SolarWinds’
ability to achieve the expected synergies and other strategic benefits as a
result of the acquisition, including the ability of SolarWinds’ to fulfill its
customers’ demands for a more complete software solution, and management’s
beliefs on industry trends. These forward-looking statements are based on
management’s beliefs and assumptions and on information currently available to
management. Forward-looking statements include all statements that are not
historical facts and may be identified by terms such as “will,” “expects,”
“believes” or similar expressions and the negatives of those terms.
Forward-looking statements involve known and unknown risks, including without
limitation the potential impact on the business of Tek-Tools, Inc. due to the
acquisition, the retention of employees of Tek-Tools, Inc. and the ability of SolarWinds to successfully
integrate Tek-Tools, Inc.’s market opportunities, technology, personnel and
operations and to achieve planned synergies.
Therefore, actual results may differ materially and adversely from those
expressed in any forward-looking statements. For information regarding other
related risks, see the "Risk Factors" section of SolarWinds most
recent Form 10-Q filed on October 27, 2009. All information provided in this
release is as of the date hereof and SolarWinds undertakes no duty to update
this information except as required by law.
About SolarWinds
SolarWinds (NYSE: SWI)
provides powerful and affordable IT management software to more than 88,000
customers worldwide – from Fortune 500 enterprises to small businesses.
Focused on the real-world needs of IT professionals, SolarWinds products are
downloadable, easy to use and maintain, and provide the power, scale, and
flexibility needed to manage today’s complex IT environments. SolarWinds’
growing online community, thwack, is a
gathering-place for problem-solving, technology-sharing, and participating in
product development for all of SolarWinds’ products. Learn more today at http://www.solarwinds.com.
SolarWinds, SolarWinds.com, and Orion are registered trademarks of
SolarWinds. All other company and product names mentioned are used only for
identification purposes and may be trademarks or registered trademarks of their
respective companies.
CONTACTS:
Investors: Media:
Jason Ream Tiffany
Nels
Phone: 512.682.9680 Phone:
512.682.9545
ir@solarwinds.com pr@solarwinds.com