Addition of Cloud-based log management application will allow the SolarWinds® Cloud product family to collect, monitor, search, analyze and act on log data across on-premise, SaaS and Cloud-based environments
AUSTIN, TX and SEATTLE – April 28, 2015 – SolarWinds (NYSE:SWI), a leading provider of powerful and affordable IT performance management solutions, today 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.
Performance matters to today’s modern operations teams, specifically the performance of the applications and infrastructure that help businesses operate and succeed. In the rapidly emerging Cloud era, complex technologies, along with dynamic infrastructure and application architectures, are creating new challenges in developing and managing the performance of Cloud-based business-critical applications and websites.
The SolarWinds Cloud product family gives IT Pros, DevOps, developers, website and Web application owners the ability to solve a specific problem or use a combination of integrated products to manage availability and uptime; optimize performance; and monitor costs. The portfolio of tools provides full stack application performance visibility all the way from an end user’s perspective to the underlying infrastructure.
When an application is slow or down, every minute counts as IT Pros, DevOps and developers work to resolve the issue and limit impact. A key step in troubleshooting the problem is the analysis of log data, which can be a time-consuming and complex process. A successful strategy around supporting and troubleshooting application performance, and ultimately business performance, must include user-friendly log management capability.
“Our mission with SolarWinds Cloud is to offer IT operations teams the ability to extend the real-time visibility and actionable insights our products provide on-premise to their cloud-based infrastructure so they can effectively manage the performance and accelerated troubleshooting of native cloud applications. Regardless of the type, importance or location (AWS, Azure, Google or a datacenter), we will offer a heterogeneous application and website management solution to help manage and ensure performance,” said Kevin Thompson, President and CEO, SolarWinds. “The acquisition of Papertrail adds another key element of that overall performance monitoring experience and we look forward to having the Papertrail team and technology as a part of our organization.”
"In working with SolarWinds, we've seen a shared appreciation for simple, practical products that really shine in everyday use,” said Troy Davis, CEO and co-founder, Papertrail. “Because it's built by and for engineers, Papertrail resolutely focuses on the actual problems and processes that operations teams face. That same philosophy drives SolarWinds’ infrastructure management products, so joining the SolarWinds family lets us continue providing a product that users love and enables us to enhance it even faster."
Through the strength of its product offering, Papertrail has earned the trust of some of the leading Internet-based brands, such as Adobe®, GitHub® and DNSimple™. For more information on Papertrail, visit www.papertrail.com.
For more information on SolarWinds, visit www.solarwinds.com.
This press release contains "forward-looking" statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding SolarWinds’ ability to extend and connect log management capabilities from on-premise IT infrastructures to modern, Cloud and SaaS-based environments and plans to offer a heterogeneous application and website management solution to help manage and ensure performance. 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” “plan” or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, SolarWinds' ability to successfully identify, complete, and integrate acquisitions and acquired products and such other risks and uncertainties described more fully in documents filed with or furnished to the Securities and Exchange Commission, including the Form 10-K for the year ended December 31, 2014 filed on February __, 2015. 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.
SolarWinds (NYSE: SWI) provides powerful and affordable IT management software to customers worldwide from Fortune 500® enterprises to small businesses. In all of our market areas, our approach is consistent. We focus exclusively on IT Pros and strive to eliminate the complexity that they have been forced to accept from traditional enterprise software vendors. SolarWinds delivers on this commitment with unexpected simplicity through products that are easy to find, buy, use and maintain while providing the power to address any IT management problem on any scale. Our solutions are rooted in our deep connection to our user base, which interacts in our thwack® online community to solve problems, share technology and best practices, and directly participate in our product development process. Learn more today at http://www.solarwinds.com.
SolarWinds, SolarWinds & Design, Pingdom, Librato, Papertrail and thwack are the exclusive property of SolarWinds Worldwide, LLC or its affiliates. All other company and product names mentioned are used only for identification purposes and may be or are intellectual property of their respective companies.
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