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.
4 Responses to SolarWinds to Test IPO Waters?
SolarWinds to Test IPO Waters? — IRA 401k
March 14th, 2008 at 12:10 am
[...] 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 … [...]
SolarWinds Files for IPO | AustinStartup
March 21st, 2008 at 2:32 pm
[...] 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 [...]
Speaker City » links for 2008-03-05
March 23rd, 2008 at 2:27 pm
[...] 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) [...]
People Over Process » The Return of Paying for Software
July 28th, 2008 at 11:21 am
[...] 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 [...]