SolarWinds Acquires Database Management Software Developer

Austin-based SolarWinds, the developer of IT management tools, has acquired database management software developer Confio. SolarWinds said it paid $103M in cash for Confio, which is based in Boulder, Colorado. Confio's Ignite database performance management software helps IT administrators optimize the performance of their databases. SolarWinds said the buy was part of a strategic initiative to extend its product portfolio.