Cloud Computing: SolarWinds to Buy N-able Technologies for $120 Million
Grazed from NewsWire. Author: Editorial Staff.
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SolarWinds Inc. (SWI) has agreed to buy N-able Technologies for $120 million in cash to expand its offerings into cloud-based information technology services for managed service providers.
Kevin Thompson, SolarWinds’ president and chief executive, said small businesses are increasingly looking for ways to deploy and efficiently manage IT and SaaS-based technologies and the acquisition helps the company better serve such needs.
Privately held N-able Technologies provides network monitoring and remote systems management software and counts companies such as Microsoft Corp. (MSFT) and Intel Corp. (INTC) as among its strategic partners…


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