SolarWinds appoints J.P. Morgan to review biz plan

SolarWinds IT solutions for government
SolarWinds has appointed J.P. Morgan as its financial advisor and DLA Piper (US) as its legal advisor to review its business following an unsolicited expression of interest from a third party.

SolarWinds did not disclose the name of the third party. The review may result into some “value-enhancing initiatives as a standalone company or a possible sale or other form of business combination.”

Kevin Thompson, chief executive officer of SolarWinds, said: “As the board conducts its review, we remain focused on strong revenue growth and cash flow and excited about continuing to deliver our world class products to help IT professionals manage all things IT.”

SolarWinds provides hybrid IT infrastructure management software to customers worldwide from Fortune 500 enterprises to small businesses, government agencies and educational institutions.

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