Seeking Alpha

SolarWinds acquires database management software firm for $103M

  • SolarWinds (SWI) has bought Confio, a developer of software that monitors/optimizes database performance and troubleshoots problems, for $103M in cash.
  • 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.
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