SolarWinds acquires Loggly to strengthen its cloud portfolio
SolarWinds, an IT management software provider, has announced the acquisition of software as a service (SaaS) firm Loggly to deepen its cloud software engineering and analytics expertise.
Loggly, founded in 2009, offers a SaaS-based, unified log monitoring and log analytics product. The company has received six funding rounds in total, the most recent being a series D of $11,500,000 (£8.5m) in June 2016. The company was named in a 2015 report from Skyhigh Networks as one of the fastest growing cloud services, based on anonymised data of more than 15 million global enterprise users.
The acquisition will see Manoj Chaudhary, CTO and VP engineering at Loggly, and Vito Salvaggio, VP product, join SolarWinds as leaders in engineering and product, while other members of the development, operations, support, sales and marketing teams will also transition.
“Rapidly visualising vast amounts of data through log analytics is absolutely critical to solving many problems in today’s diverse, complex cloud-application and microservices environments,” said Christoph Pfister, executive vice president of products at SolarWinds. “Adding Loggly to our industry-leading portfolio will empower customers to accelerate their time-to-insight and solve problems faster, with our usual, disruptive affordability.
“Building on these strengths, we will continue investing in Loggly to innovate and extend its value to customers, while integrating its capabilities with our other cloud offerings to address even broader needs,” added Pfister.
SolarWinds already has a log monitoring product in place in the form of Papertrail. The company added it will continue investing to innovate and enhance Loggly, and ‘advances SolarWinds’ strategy to deliver comprehensive, simple, and disruptively affordable full-stack monitoring solutions built upon a common, seamlessly integrated, SaaS-based platform’, as the company put it.
Financial terms of the deal were not disclosed.