Austin-based SolarWinds buys Swedish firm

Jun 19, 2014
Austin American Statesman

Austin-based SolarWinds is expanding beyond its traditional network management software by acquiring a Sweden-based company


Pingdom, based in Stockholm, provides website performance monitoring and web application performance monitoring. The company, founded in 2007, has 500,000 customers in 211 countries. Customers include Microsoft, Instagram, Twitter, eBay and LinkedIn


The deal is the 13th acquisition SolarWinds has made since 2009. Its last purchase was Colorado software company Confio Software, which sells database performance management software. Under the deal, which was announced in October, SolarWinds paid $103 million in cash


SolarWinds’ software is used by information technology professionals to configure, monitor and report on the health of their network, systems and applications


The company has more than 150,000 customers in more than 170 countries, including corporations, the military, government agencies and educational institutions. SolarWinds has 1,400 employees worldwide, including more than 400 in Austin


Kevin Thompson, SolarWinds CEO, said Pingdom will help SolarWinds address the evolving nature of IT management, which increasingly includes mobile devices, mobile apps and web-based apps


“Based on feedback we have received from customers, we know that web applications are becoming ubiquitous and increasingly critical to their businesses,” Thompson said in a written statement. “We, as a key partner in solving performance issues, need to move with them through this transition.”


The combination of SolarWinds and Pingdom will provide IT teams that manage websites and application environments with a comprehensive monitoring system, he said


Pingdom’s 30 employees will become part of SolarWinds


SolarWinds’ stock closed Wednesday down 7 cents, or .17 percent, at $40.53



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