Cloud Computing: SolarWinds to Buy N-able Technologies for $120 Million
May 22, 2013
Grazed from NewsWire. Author: Editorial Staff.
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…
SolarWinds, which makes and sells network management software including performance-management products, expects the acquisition to close before the end of May. Last month, SolarWinds reported that its first-quarter earnings rose 34% as the firm recorded strong maintenance revenue…
Read more from the source @ http://www.foxbusiness.com/technology/2013/05/21/solarwinds-to-buy-n-able-technologies-for-120-million/