SolarWinds acquires real-time threat monitoring service Trusted Metrics | Industry News
SolarWinds, the company behind tools like Pingdom, Papertrail, Loggly and a number of other IT management tools, today announced that it has acquired Trusted Metrics, a company that helps businesses monitor incoming threats to their networks and servers. This move follows SolarWinds’ acquisition of Loggly earlier this year. Among other things, Loggly also provides a number of security tools for enterprises.
Today’s acquisition of Trusted Metrics is clearly part of the company’s strategy to build out its security portfolio and SolarWinds is actually rolling Trusted Metrics into a new security product called SolarWinds Threat Monitor. Like Trusted Metrics, SolarWinds Threat Monitor helps businesses protect their networks by automatically detecting suspicious activity and malware.
“When we look at the rapidly changing IT security landscape, the proliferation of mass-marketed malware and the non-discriminatory approach of cybercriminals, we believe that real-time threat monitoring and management shouldn’t be a luxury, but an affordable option for everyone,” said SolarWinds CEO Kevin Thompson in today’s announcement. “The acquisition of Trusted Metrics will allow us to offer a new product in the SolarWinds mold—powerful, easy to use, scalable—that is designed to give businesses the ability to more easily protect IT environments and business operations.”
SolarWinds did not disclose the financial details of the transaction. Trusted Metrics was founded in 2011 and while it received some seed funding, it never raised any additional funding rounds after that.