IT infrastructure management software company: SolarWinds Corporation (SWI)

SolarWinds Corporation (NYSE:SWI) was founded in 1999, formerly known as SolarWinds Parent, Inc., changed to its current name in May 2018, headquartered in Austin, Texas, USA, with 2,540 full-time employees (6/30/2018). A leading provider of IT infrastructure management software.

SolarWinds Corporation

SolarWinds Corporation (SWI):

SolarWinds Corporation is a holding company, established in 2015 under the name of Project Aurora Parent, Inc. (Delaware company), then changed its name to SolarWinds Parent, Inc. in May 2016, and finally changed its name in May 2018 SolarWinds Corporation.

SolarWinds, Inc. was established in Oklahoma in 1999 and was reorganized and registered as a Delaware company in 2008.

SolarWinds Corporation was established for the purpose of acquiring SolarWinds, Inc.. After the completion of the acquisition, in May 2018, SolarWinds, Inc. was renamed SolarWinds North America, Inc.. The main operating subsidiaries of SolarWinds Corporation include SolarWinds Worldwide, LLC, SolarWinds Software Europe Limited and SolarWinds MSP UK Limited.

SolarWinds is a company that develops software for enterprises to help manage their network, systems, and information technology infrastructure. SolarWinds is headquartered in Austin, Texas, and has sales and product development offices in many locations in the United States and several other countries around the world. The company was listed in May 2009 and was privatized and delisted at the end of 2015.

SolarWinds has also acquired many companies in the past decade, some of which still operate under their original brands, including Pingdom, Papertrail and Loggly.

SolarWinds Corporation (SWI) History:

  • SolarWinds was founded in 1999 in Tulsa, Oklahoma by Donald Yonce (a former Wal-Mart executive) and his brother David Yonce.
  • SolarWinds released its first product Trace Route and Ping Sweep in March 1998, and released its first network-based network performance monitoring application in November 2001.
  • In 2006, the company headquarters moved to Austin, Texas.
  • In 2007, SolarWinds received financing from Austin Ventures, Bain Capital, and Insight Venture Partners.
  • After obtaining financing in 2007, SolarWinds acquired a number of companies including Neon Software and ipMonitor Corp. and opened a European sales office in Ireland.
  • In May 2009, SolarWinds IPO raised 112.5 million US dollars.
  • During and after the 2009 IPO, SolarWinds acquired a number of other companies and products, including the acquisition of Kiwi Enterprises, a New Zealand software manufacturer.
  • In January 2011, SolarWinds acquired Austin-based virtualization management company Hyper9 Inc. The terms of the transaction were not disclosed.
  • In July 2011, SolarWinds completed the acquisition of TriGeo, a network security company located in Idaho, for US$35 million.
  • In December 2011, it acquired some assets from DameWare Development LLC.
  • In early 2012, SolarWinds acquired EminentWare, a patch management software provider.
  • In December 2012, SolarWinds acquired RhinoSoft and added the latter’s product FTP Voyager to the SolarWinds tool and service suite.
  • In May 2013, SolarWinds acquired N-able Technologies, a cloud-based information technology service provider, for US$120 million.
  • In October 2013, SolarWinds acquired Confio Software, a database performance management company based in Boulder, Colorado, for $103 million.
  • As of 2013, the company has 900 employees.
  • Between 2014 and 2015, SolarWinds acquired Swedish network monitoring company Pingdom, San Francisco-based metrics and monitoring company Librato (valued at US$40 million), and log management service Papertrail (valued at US$41 million).
  • In January 2015, SolarWinds announced the acquisition of Librato, a server and application monitoring company based in San Francisco.
  • Then in August 2015, SolarWinds acquired Capzure Technology and added the company’s MSP Manager software to the N-able previously acquired by SolarWinds.
  • In October 2015, SolarWinds disclosed that it was negotiating with an unnamed consortium that was interested in acquiring the company and privatizing SolarWinds. The company announced that it has hired JP Morgan and DLA Piper as financial and legal advisors for the possible transaction.
  • At the end of 2015, SolarWinds announced the acquisition of the company by a consortium composed of private equity investment companies Silver Lake Partners and Thoma Bravo, LLC. Finally, in January 2016, SolarWinds completed the privatization for a price of US$4.5 billion.
  • In June 2016, SolarWinds acquired rival remote monitoring software company LogicNow. By merging LogicNow and N-able Technologies, a new subsidiary, SolarWinds MSP, was established. The company announced that the subsidiary will be led by Walter Scott, former CEO of LogicNow, and will serve as executive vice president.
  • In August 2017, SolarWinds acquired SpamExperts, a cloud-based email security solutions company based in Amsterdam, the Netherlands.
  • In November 2017, SolarWinds released AppOptics, which integrates most of the software portfolio acquired by SolarWind (including Librato and TraceView) into a software as a service (SaaS) package. AppOptics is compatible with Amazon Web Services and Microsoft Azure.
  • In January 2018, SolarWinds acquired Loggly, a cloud-based log management and analysis company located in San Francisco, California.
  • In July 2018, Solarwinds acquired Trusted Metrics, a real-time threat monitoring and management software provider.
  • In September 2018, SolarWinds submitted another IPO application.

SolarWinds Corporation (SWI) investment:

SolarWinds Corporation (NYSE:SWI) submitted its IPO prospectus on 9/21/2018 and listed on the NYSE on 10/19/2018. The planned issue price is US$17.00-19.00, and the actual issue price is US$15. It plans to issue 42 million shares. Actually issued 25 million shares and raised 375 million US dollars. Goldman Sachs/ JP Morgan/ Morgan Stanley/ Credit Suisse jointly underwritten.

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