Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to Scout Server Monitoring in its acquisition by SolarWinds, a leading provider of powerful and affordable IT management software.
SolarWinds enhances its already deep server monitoring capabilities with out-of-the-box simple, yet rich SaaS-based server monitoring developed by DevOps professionals for DevOps professionals. Scout customers will now benefit from streamlined access to the complete SolarWinds® portfolio of SaaS-based tools to better manage, optimize, and troubleshoot the full stack at every layer, from the infrastructure and application layers through the end-user experience.
"The era of cloud and digitalization is driving exponential application growth and increased complexity," said Christoph Pfister, Executive Vice President, Products, SolarWinds. "It's clear that cloud-native developers and DevOps teams need faster troubleshooting that enables them to more easily solve problems and improve performance across the full stack, including servers."
"End customers require both metric and log monitoring solutions in order to optimize IT service delivery," said Michael Orbach, Managing Director in Cascadia Capital's Technology practice. "Therefore, players in both metric and log categories are expanding their solutions using a 'Build, Partner or Buy' decision-making framework, as evidenced by this acquisition."
Cascadia Capital previously advised PaperTrail in its acquisition by SolarWinds, further highlighting the trend in this sector.
"We expect to see ongoing consolidation in the IT Operations Management space as legacy incumbents seek to extend their monitoring capabilities to hybrid and cloud IT infrastructures, and new market entrants aspire to offer more holistic platforms," adds Orbach.