


SolarWinds Next CEO: Executive Perspectives
In a prepared statement about the CEO transition, SolarWinds Chairman Bill Bock said:“Following an extensive and thorough search, we are delighted to welcome Sudhakar Ramakrishna as SolarWinds’ new CEO as we embark on an exciting new chapter in the company’s history. Sudhakar is a proven leader and has significant experience leading and scaling world-class, global technology organizations. His deep expertise in strategic planning and execution, organizational development and product strategy will be especially beneficial and, when teamed with the seasoned SolarWinds leadership team, will provide strong and experienced executive leadership for the future of SolarWinds."
“SolarWinds is at the forefront of enabling customers to manage complex IT environments with simple and integrated solutions. I am honored to have the opportunity to work with the excellent team at SolarWinds to accelerate our focus on customer success, as we deliver solutions to serve the emerging needs of IT, Application and Security professionals even as they adapt to an increasingly hybrid world."
SolarWinds MSP Potential Spin-Out: SEC Filing
Also today, SolarWinds disclosed that it has "confidentially submitted with the U.S. Securities and Exchange Commission (SEC) a Form 10 registration statement with respect to the potential spin-off of its managed service provider (MSP) business."SolarWinds first disclosed the potential MSP business spin-out in August 2020. The potential result: SolarWinds MSP sometime in the first half of 2021 could be a standalone company with a new name and its own stock symbol. If completed, SolarWinds shareholders would own shares of both companies.In an August 2020 interview about the potential spin off, Thompson and Pagliuca told ChannelE2E:- The existing SolarWinds MSP executive team would run the spun-off business.
- The potential spin-off is not an attempt to sell the business to another buyer or suitor.
- Existing SolarWinds ownership (including private equity firms Thoma Bravo and Silver Lake, plus $SWI shareholders) would own the spun-off SolarWinds MSP company.
- SolarWinds MSP would continue to focus purely on MSP partners in the SMB market.