SolarWinds to Test IPO Waters?
Austin-based SolarWinds, which makes network management and monitoring software, has been shoring up the board of directors lately. John Thornton of Austin Ventures was added in February, and Salesforce.com CFO Steven Cakebread was announced as another board addition in early February. It’s a pretty odd move for a private company. Unless of course you need enough outside directors to fill up an audit committee, a compensation committee, etc. It would be a big, bold move considering the state of the financial markets. If we see a press release next week with quarterly revenue numbers, then we’ll definitely know that they’re conditioning the market for an IPO.
What would be a good NASDAQ symbol? WIND is taken by Wind River Systems. SOLR? Already taken by Solar-Mates. SLRW seems available. Post your suggestions in the comments.
[...] Morgan wrote an interesting post today onHere’s a quick excerptAustin-based SolarWinds, which makes network management and monitoring software, has been shoring up the board of directors lately. John Thornton of Austin Ventures was added in February, and Salesforce.com CFO Steven Cakebread was … [...]
[...] writing was on the wall for SolarWinds, and now the writing is also on the S/1 statement on file with the Securities and Exchange [...]
[...] SolarWinds to Test IPO Waters? | AustinStartup If we see a press release next week with quarterly revenue numbers, then we’ll definitely know that they’re conditioning the market for an IPO. (tags: solarwinds) [...]
[...] and out of the steak-houses and put them on the web and in social networks. People like Solarwinds (soon to IPO, no less) and Spiceworks (400,000 users and growing) lead on this kind of [...]