SolarWinds pays $103 million for Colorado software company

Oct 9, 2013
Austin American Statesman

Continuing its acquisition streak, Austin-based software maker SolarWinds has purchased a Colorado software company for $103 million


SolarWinds, which sells network management software, said it paid cash for Boulder-based Confio Software


The deal is the 13th acquisition SolarWinds has made since 2009. Its last purchase was Canadian software company N-able, which sells cloud-based remote monitoring, management and service automation software. Under the deal, which was announced in May, SolarWinds paid $120 million in cash


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


The company has more than 90,000 customers in more than 170 countries including corporations, the military, government agencies and educational institutions. SolarWinds has more than 900 employees worldwide, including about 350 in Austin


Confio was founded in 2004 and sells database performance management software. The company has 1,200 customers


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