SolarWinds Buys Papertrail For $41M

Austin-based IT software developer SolarWinds is bolstering the cloud-based IT logging and management capabilities of its software, via a purchase of software developer Papertrail, the company said late Tuesday. Solarwinds said it would pay $41M in cash for Papertrail, which is based in Seattle. Solarwinds said the new technology acquired in the purchase will help it extend and connect log management capabilities from on-premise IT infrastructures to Cloud and SaaS-based environments.