Our solutions give organizations worldwide-regardless of type, size, or complexity-the power to accelerate business transformation in today's hybrid IT environments. SolarWinds (NYSE:SWI) is a leading provider of simple, powerful, and secure IT management software.
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In the 2021 Best in Biz Awards, the SolarWinds ® APM Integrated Experience was awarded gold in the Best Enterprise Software Product of the Year (Other) category.ĭatabase Trends and Applications' annual Readers' Choice Awards recognizes companies whose products are selected by IT and database professionals. "We're constantly finding ways to enhance and improve the security and performance of our products, and the collective votes of confidence by our customers, users, the media, and industry professionals affirms our ongoing work to diligently deliver the solutions our customers need to solve their toughest IT management problems."īest in Biz Awards is an independent business awards program judged by prominent reporters and editors from top-tier publications from North America and around the world. "It's very rewarding to have these organizations and award programs recognize and validate our products over the last six months," said Rohini Kasturi, chief product officer, SolarWinds. SolarWinds (NYSE:SWI), a leading provider of simple, powerful, and secure IT management software, today announced it has received recognition from key industry award programs for its IT operations management products and corporate achievements in the second half of 2021. SolarWinds might be a potential rebound play going forward, but tread lightly here.SolarWinds Garners Awards for IT Operations Management Products in Second Half of 2021 Adjusted EBITDA profit margin, which excludes noncash expenses like depreciation and one-time costs of completing the spinoff, is expected to be about 42% in Q2. The upshot, though, is that this is a profitable firm. It will be an uphill battle for SolarWinds as it repairs its reputation and reestablishes trust with its customers, and it's unlikely to be a growing business anytime soon. The core business that remains with SolarWinds was up a meager 2%. Total revenue is expected to be up approximately 6% year-over-year to $260.8 million to $262 million, but about $85 million of that revenue was generated by N-able (which grew 16% year over year). SolarWinds reported preliminary second-quarter 2021 financial results in July. Spinning off N-able will allow that growing cloud-based software business to divorce itself from the beleaguered IT management services that will remain under the SolarWinds name. Its stock fell over 30% when news of the hack broke, and a meaningful rebound has yet to occur. It's been tough going for SolarWinds ever since. Later in December, it was revealed by security firm FireEye ( NASDAQ:MNDT) that a breach on its systems was exploited through SolarWinds IT monitoring and management software Orion - which FireEye and a slew of other tech companies and government agencies use, and through which Russian hackers had infiltrated their systems. SolarWinds originally announced it was exploring a separation of N-able last August, and filed paperwork with the Securities and Exchange Commission (SEC) last December making the spinoff official.