SolarWinds Buys Network Security Company TriGeo For $35 Million In Cash

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NYSE-listed SolarWinds, a provider of IT management software solutions, has agreed to acquire TriGeo, a privately-held vendor of log and event management software, for $35 million in cash.

TriGeo, founded in 2001, offers solutions to IT organizations for the collection of of data from virtually any device on their network and the ability to correlate that data in real-time, enhancing security and control.

TriGeo’s offerings will give SolarWinds the opportunity to offer solutions for log and event management to its existing network and systems management customers, said Kevin Thompson, SolarWinds’ President and CEO.

The company expects the acquisition to close in the third quarter of 2011.