SolarWinds (NYSE: SWI), a provider of products and services aimed at information technology (IT) professionals, marked its largest acquisition on May 21, when it paid $120 million for N-Able Technologies, an Ottawa, Canada-based provider of cloud services for remote monitoring. The transaction expands SWI’s offerings for small businesses and follows 10 other purchases the Austin, Texas company has made since going public in 2009.
Here’s a look back on SWI’s track record in M&A in reverse chronological order:
- 1. Rhino Software - SWI's December 2012 purchase of file transfer software developer, Rhino Software, allowed the company to expand its services with two file transfer offerings, SolarWinds FTP Voyager and SolarWinds Serv-U Managed File Transfer Server.
2. Athena Security – Athena, a company that develops firewall-management tools, was acquired by SWI in August 2012 for an undisclosed amount. The acquisition allowed SWI to develop SolarWinds Firewall Security Manger, a product that provides firewall management.
- 3. WebHelpDesk – SWI paid $20 million for WebHelpDesk, headquartered in Fremont, Calif., in July 2012. The target develops online help desk software for IT professionals. SWI said at the time that the deal would expand the number of IT management problems that it solved. For more, see “SolarWinds Buys Web Help Desk, Continues Growth Through Acquisitions.”
- 4. Rove– Rove, headquartered in Ottawa, Canada, was picked up by SWI for an undisclosed amount in April 2012. The target develops mobile IT software, which allows IT professionals to manage tasks from their iPhone, iPad, Android smartphones and tablets, BlackBerry smartphones and other mobile devices. The technology allowed SWI to release SolarWinds Mobile Admin Software v.7, its own mobile-management product.
- 5. EminentWare – SWI bought this patch management company in January 2012 for an undisclosed amount. EminentWare, headquartered in Houston, develops patching technology that can fix problems with Windows, Adobe, Apple, Google, Mozilla, Oracle and other computer programs. The service also decreases security risks. The company was integrated into SWI’s patch management service and is now called SolarWinds Patch Manager.
- 6. DameWare - Solar Winds paid $40 million to buy DameWare in December 2011. The company sells software tools to companies that allow IT professionals to remotely manage computers. The deal allowed SWI to deepen its capabilities in the system-management market.
- 7. DNSstuff.com – DNSstuff.com provides online troubleshooting tools that help IT professionals fix email and connectivity problems. SWI bought the company in October 2011 for $11 million.
- 8. TriGeo Network Security Inc. – SWI bought Post Falls, Idaho-based TriGeo for $35 million in July 2011. The buyer based its SolarWinds Log & Event Manager product off of TriGeo’s technology, which provides log and event management services to IT managers. The technology collects data from devices, allowing users to detect security threats and generate compliance reports.
- 9. Hyper9 – The Austin-based virtualization management-software developer was acquired by SWI in January 2011 for $23 million. The technology provides optimization, capacity planning, configuration and reporting for virtual servers. After the acquisition, SWI launched its own virtualization management software, called SolarWinds Application Performance Monitor.
- 10. Tek-Tools – The Dallas-based company develops storage resource-management software. Tek-Tools developed the Profiler Suite, which allows IT professionals to see track the performance of a company’s storage infrastructure. SolarWind paid $42 million for the company in January 2010 –making Tek-Tools its second largest acquisition. The deal also expanded SWI’s services into storage management.
For more from SWI CEO, Kevin Thompson, see “Dealmakers Are Willing, But Economy Looks Weak.”