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The IPO from SolarWinds was followed by another from OpenTable (an online restaurant-reservation service), which was perceived to break a dry spell during the Great Recession, when very few companies went public. SolarWinds completed an initial public offering of US$112.5 million in May 2009, closing at higher prices after its initial day of trading. ĭuring 2007, SolarWinds raised funding from Austin Ventures, Bain Capital, and Insight Venture Partners.
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The company was profitable from its founding through its IPO in 2009. In 2006, the company moved its headquarters to Austin, Texas, where about 300 of the company's total 450 employees were based as of 2011. According to Michael Bennett, who became the chief executive officer in 2006, the name SolarWinds was chosen by an early employee and the company has nothing to do with solar or wind power.
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SolarWinds released its first products, Trace Route and Ping Sweep, earlier in March 1998 and released its first web-based network performance monitoring application in November 2001. SolarWinds began in 1999 in Tulsa, Oklahoma, co-founded by Donald Yonce (a former executive at Walmart) and his brother David Yonce.
#SOLARWINDS STOCK SOFTWARE#
is an American company that develops software for businesses to help manage their networks, systems, and information technology infrastructure.