SolarWinds, a leading provider of powerful and affordable IT management software, today announced that it has entered into a definitive agreement to acquire privately-held TriGeo, a provider of log and event management software, for $35 million cash. The company expects the acquisition to close in the third quarter of 2011.
“Upon completion of the acquisition, the addition of TriGeo’s offerings to our portfolio should give SolarWinds the opportunity to respond to our existing network and systems management customers’ demand for affordable and easy-to-use solutions for log and event management. We’re also excited to expand into another highly complementary branch of IT management that we believe is ripe for our disruptive go-to-market model,” said Kevin Thompson, SolarWinds’ President and CEO.
“Like SolarWinds, TriGeo has built a reputation for providing products that are powerful and easy to use,” continued Thompson. “We look forward to welcoming the TriGeo team into the SolarWinds family and working together to fully integrate these log and event management solutions into the SolarWinds model, making them easier to access and easier to afford for companies of any size.”