SolarWinds Buys TriGeo for $35M

Publicly traded SolarWinds will pay $35 million in cash to buy TriGeo, a privately held provider of log and event management software. The deal is expected to close during the third quarter. SolarWinds is a provider of IT management software, and said that adding TriGeo’s technology will help expand into a complementary branch of IT management. SolarWinds raised more than $200 million from investors including Insight Venture Partners and Bain Capital Ventures, and went public in 2009.

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