Company acquired: LogicNow
Head count: 201-500 employees
Annual revenue: Not disclosed
Purchase price: Not disclosed
Date of deal's close: June 1, 2016
Austin, Texas-based IT infrastructure management vendor SolarWinds acquired Dundee, Scotland-based LogicNow.
According to SolarWinds, the new acquisition will provide it with the strongest and most complete portfolio of automation, security, network management and service management capabilities for MSPs.
Following the close of the deal, SolarWinds will join LogicNow together with its' SolarWinds N-Able business, a former competitor with LogicNow in the remote management and monitoring (RMM) technology market.
The new company will create an RMM behemoth with 20 offices in 11 countries serving some 20,000 MSPs.
The acquisition was backed by a group of investors led by New York-based private equity giant Insight Venture Partners.
Silver Lake and Thoma Bravo, which acquired SolarWinds in October, said at the time that they planned to increase SolarWinds's investments around cloud, hybrid and MSP environments.