darren whittingham - Fotolia

SolarWinds buys LOGICnow to create MSP solutions powerhouse

IT management solution provider SolarWinds grabs a big chunk of the MSP market with the acquisition of Scottish ITSM player LOGICnow

IT management solution provider SolarWinds announced that it has completed the acquisition of Scottish ITSM provider LOGICnow.

The US firm said that the acquisition of LOGICnow brought together two complementary leading players in the managed services solutions market and would deliver a strong portfolio of capabilities to MSPs worldwide. On the back of the acquisition, a new division will be formed – SolarWinds MSP.

Austin, Texas-based SolarWinds purchased remote monitoring and management solution provider N-Able in 2013, and with its most recent acquisition, will service upwards of 18,000 managed service providers worldwide.

“SolarWinds is committed to the growing MSP market and has realized great success through the acquisition of N-able, making the acquisition of LOGICnow a natural next step for us,” said Kevin B. Thompson, president and chief executive officer of SolarWinds. “SolarWinds MSP, combining the capabilities of LOGICnow and SolarWinds N-able, will offer MSPs a complete set of IT service management solutions via the cloud and on premises delivery models. SolarWinds MSP gives them everything they need to acquire and retain profitable clients, deliver outstanding levels of service and maximize their internal efficiency through standardization of their toolsets and the use of automation.”

In 2014, GFI Software announced a corporate restructuring which saw the company silo off LOGICnow into a separate entity. LOGICnow CEO Walter Scott will serve as executive vice president for SolarWinds MSP. 

Financial terms of the deal were not disclosed. SolarWinds is backed by Silver Lake Partners and Thoma Bravo, two tech investment juggernauts with strong track records.

“As SolarWinds MSP, our combined teams will utilize our deep domain expertise and industry-leading data analytics capabilities to deliver breakthrough innovations to our customer base of the world’s leading MSPs,” said Walter Scott, former LOGICnow chief executive officer and the new executive vice president for SolarWinds MSP. “Our strategic vision and ability to execute will provide ever-greater support to our customers as they differentiate their services and look to achieve faster, more profitable business growth. We’re excited to be able to join forces with SolarWinds N-able as part of the SolarWinds family to empower our MSP customers to build the most successful businesses in their markets.”    



Read more on Finance and Credit