SolarWinds Inc. (NYSE: SWI) has been on a buying spree in the U.S. and Canada, completing 11 deals since going public in 2009. Next up is Europe and Asia, says chief executive Kevin Thompson. The Austin, Texas-based company is looking to position itself as an acquisitive developer of information technology management software. "We're looking at other markets for sure, with an opportunity to grow faster outside of the U.S."
Thompson cites Germany, Japan or China as the likely markets SWI will head to next. In the meantime, SWI will remain busy tallying up targets across North America having recently paid $120 million for N-Able Technologies, an Ottawa, Canada-based provider of cloud services for remote monitoring. The transaction, SWI's largest to date, builds on the company's offerings for small businesses.