Confio supports Oracle, Microsoft, and IBM's marquee database platforms, and claims 1.2K customers (inc. 40% of the Fortune 50). Its products complement SolarWinds' various tools for managing and improving the performance of servers, enterprise apps, and networking hardware.
The deal comes five months after SolarWinds acquired N-able, a provider of cloud-based IT management software aimed at SMBs, for $120M in cash.
SolarWinds, hit hard this year by bad earnings news, made new 52-week lows today prior to the announcement.
CC at 5:15PM ET.