SolarWinds acquires Hyper9January 19, 2011
Software maker SolarWinds Inc. has acquired Austin-based virtualization management firm Hyper9 Inc.
SolarWinds, also based in Austin, develops network management software. It was founded in Oklahoma 13 years ago and employs about 400 workers. Hyper9, founded in 2007, is a privately-held company backed by Venrock, Matrix Partners, Silverton Partners and Maples Investments. Its clients have included The Broad Institute, Costco, Delta Dental, Tyco and the U.S. Department of Agriculture. Terms of the deal were not disclosed.
SolarWinds said Wednesday the Hyper9 buy will help it expand in the application performance and virtualization market. Executives at the same time created a SolarWinds Application Performance Monitor product that will sell for as low as $2,495 a year.
“The past couple of years have brought about significant changes in the IT management market. Between the rapid adoption of virtualization technology and the explosion of ’business-critical’ applications, IT organizations – from the small and medium enterprise to the Global 2000 – are faced with a more dynamic management challenge than ever before,” SolarWinds President and CEO Kevin Thompson said.
SolarWinds has experienced an eventful past six months or so, with reshuffling top executives, fluctuating stock prices, an $85 million partial cash-out by two investors and a class-action lawsuit by stockholders.