The company said the Pingdom acquisition will allow it "to expand beyond its traditional on-premise IT management stronghold to support the evolution of performance management from on-premise IT, to IT-as-a-service (ITaaS) and to IT in the cloud."
Financial terms of the agreement were not disclosed.
SolarWinds said than 500,000 users currently leverage Pingdom, including:
SolarWinds said it will work with Pingdom to ensure customers can identify and address performance management issues before they can affect end users.
"Our approach to solving performance management for on-premise IT will extend to how we approach Web application management and, eventually, cloud management," SolarWinds CEO Kevin Thompson said in a prepared statement. "We will continue to give users the ability to solve a specific management problem or use a combination of integrated products to get a top-to-bottom view of the application environment and the supporting infrastructure, regardless of where it lives."
SolarWinds has made several recent investments in addition to its acquisition of Pingdom, including:
- The acquisition of remote monitoring and management (RMM) software provider N-able Technologies in May 2013 for $120 million in cash
- The acquisition of performance management software provider Confio Software in October 2013 for $103 million in cash
- The investment in application performance management (APM) vendor AppNeta in November 2013
Thompson previously told MSPmentor his company wants to provide "complete visibility from application all the way to the end user."
He also noted most of the technology to provide this level of visibility is already available.
"Traditional IT management vendors are reducing investment and focus on managing IT systems inside the firewall. They're running to the bright shiny object of cloud growth. The infrastructure that sits inside the firewall is not going away. We'll support it while also doing cloud. We're doubling down on that old market of on-premises IT while also working hard toward managing applications no matter where they sit," Thompson said.