SolarWinds Buys Papertrail for $41 Million

imgresSolarWinds announced Wednesday its acquisition of Papertrail, a cloud-based log management startup, for $41 million.

Papertrail’s technology allows Solarwind to offer the best solutions to monitor and manage cloud-based applications, websites and infrastructure, the company said in a news statement. Papertrail lets technical workers collect and shift through log data on servers, apps and cloud-based systems.

Solarwinds already offers Pingdom and Librato for cloud management and now Papertrail.

“The acquisition of Papertrail adds another key element of that overall performance monitoring experience and we look forward to having the Papertrail team and technology as part of our organization,” Kevin Thompson, SolarWinds President and CEO, said in a news release.

Papertrail, founded in 2011 in Seattle, has five employees and has never raised outside financing, according to this story on the acquisition in Geekwire.

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