SolarWinds files for IPO

Management software maker SolarWinds looks to take the company public.

SolarWinds this week filed its initial public offering that would be worth $139 million and Wednesday more than 12 million of the network and systems management software maker's shares will begin trading on the New York Stock Exchange.

The company, which has been growing via acquisition recently, started the IPO process in March 2008 and recently decided the "markets are receptive" to SolarWinds changing its business model, company executives say. According to the vendor's S1 filing with the U.S. Securities and Exchange Commission, the company is selling 9 million shares of common stock and selling stockholders are selling more than 3 million shares. The estimated IPO price is between $9.50 and $11.50 per share.

"SolarWinds will continue down the path of providing ease of use, affordable and comprehensive management technologies, but we are wrapping it all in a different business model," says Kenny Van Zant, senior vice president and chief product strategist, at SolarWinds. "We believe we are a unique company in our space and the timing is right for us."

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SolarWinds this week filed its initial public offering that would be worth $139 million and Wednesday more than 12 million of the network and systems management software maker's shares will begin trading on the New York Stock Exchange.

The company, which has been growing via acquisition recently, started the IPO process in March 2008 and recently decided the "markets are receptive" to SolarWinds changing its business model, company executives say. According to the vendor's S1 filing with the U.S. Securities and Exchange Commission, the company is selling 9 million shares of common stock and selling stockholders are selling more than 3 million shares. The estimated IPO price is between $9.50 and $11.50 per share.

"SolarWinds will continue down the path of providing ease of use, affordable and comprehensive management technologies, but we are wrapping it all in a different business model," says Kenny Van Zant, senior vice president and chief product strategist, at SolarWinds. "We believe we are a unique company in our space and the timing is right for us."

SolarWinds common stock has been authorized for listing on the New York Stock Exchange under the symbol "SWI." J.P. Morgan Securities, Goldman Sachs and Morgan Stanley are underwriting the deal.

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