SolarWinds Raises $150 Million in IPO

May 26, 2009 Alex Woodie

The economy may be in the dumper, and initial public offerings (IPOs) of technology stocks may be a lean trickle of what they used to be. But last week was apparently the right time for SolarWinds to go public. The Texas-based developer of affordable systems management software for mid size businesses raised $151 million on the New York Stock Exchange.

SolarWinds is one of a growing number of company that offers a lower-cost alternative to the systems management software from the “Big Four” vendors–BMC Software, CA, Hewlett-Packard, and IBM. The vendor, which was founded in 1998, has 250 workers, and claims to have 80,000 customers, ranging from small businesses to Fortune 500 enterprises. The company supports basic AS/400 monitoring and management, and a handful of AS/400 shops have purchased the company’s products.

SolarWinds went public on the New York Stock Exchange last week under the sticker symbol SWI. The company looked to sell more than 12 million shares at a price of $12.50 per share. The IPO raised $151 million, or about $600,000 per employee–a relatively strong IPO that will give SolarWinds a war chest to fund its continued expansion.

SolarWinds’ strong IPO spurred talk of a resurgence in public offerings in the tech sector. SolarWinds was the fifth U.S. company to go public this year on the NYSE. Four of those have been tech companies. In addition to SolarWinds, Rosetta Stone raised $129 million, Bridgepoint Education raised $163 million, and DigitalGlobe raised $279.3 million.

IPOs are down significantly from a year ago. According to financial analyst and software development firm Dealogic, IPOs are down 78 percent from 2008. And the total value of IPOs are down 94 percent. It’s only May, and maybe those numbers are about to change.

SolarWinds Improves Network Management for British Insurer

                     Post this story to del.icio.us
               Post this story to Digg
    Post this story to Slashdot

Tags:

CYBER-ATTACKS ON THE RISE. PROTECT WITH THE TRIPLE PLAY.

COVID-19 has not only caused a global pandemic, but has sparked a “cyber pandemic” as well.

“Cybersecurity experts predict that in 2021, there will be a cyber-attack incident every 11 seconds. This is nearly twice what it was in 2019 (every 19 seconds), and four times the rate five years ago (every 40 seconds in 2016). It is expected that cybercrime will cost the global economy $6.1 trillion annually, making it the third-largest economy in the world, right behind those of the United States and China.”¹

Protecting an organization’s data is not a single-faceted approach, and companies need to do everything they can to both proactively prevent an attempted attack and reactively respond to a successful attack.

UCG Technologies’ VAULT400 subscription defends IBM i and Intel systems against cyber-attacks through comprehensive protection with the Triple Play Protection – Cloud Backup, DRaaS, & Enterprise Cybersecurity Training.

Cyber-attacks become more sophisticated every day. The dramatic rise of the remote workforce has accelerated this trend as cyber criminals aggressively target company employees with online social engineering attacks. It is crucial that employees have proper training on what NOT to click on. Cyber threats and social engineering are constantly evolving and UCG’s Enterprise Cybersecurity Training (powered by KnowBe4) is designed to educate employees on the current cutting-edge cyber-attacks and how to reduce and eliminate them.

A company is only as strong as its weakest link and prevention is just part of the story. Organizations need to have a quick response and actionable plan to implement should their data become compromised. This is the role of cloud backup and disaster-recovery-as-a-service (DRaaS).

Data is a company’s most valuable asset. UCG’s VAULT400 Cloud Backup provides 256-bit encrypted backups to two (2) remote locations for safe retrieval should a cyber-attack occur. This is a necessary component of any protection strategy. Whether a single click on a malicious link brings down the Windows environment or an infected SQL server feeds the IBM i, once the data is compromised, there is no going back unless you have your data readily available.

Recovery is not a trivial task, especially when you factor in the time sensitive nature of restoring from an active attack. This leads to the third play of the Triple Play Protection – DRaaS. Companies have myriad concerns once an attack is realized and a managed service disaster recovery allows employees to keep focus on running the business in a crisis state.

The combination of training employees with secure backup and disaster recovery offers companies the best chance at avoiding financial disruption in an age of stronger, more frequent cyber-attacks.

Reach out to UCG Technologies to discuss your company’s security needs and develop a data protection plan that fits you best.

ucgtechnologies.com/triple-play

800.211.8798 | info@ucgtechnologies.com

Profound Logic Aims to Simplify Menu Navigation with Atrium IBM Makes the Case for Power Systems SSDs

Table of Contents

Content archive

Recent Posts

Subscribe

Pages

Search