N-able Technologies (NABL) completes its spin-off from parent company SolarWinds (SWI)

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SolarWinds completes spin-off of managed service provider business into N-able 

• SolarWinds and N-able, a provider of cloud-based software solutions for managed service providers, today announced the completion of the previously announced spin-off of the SolarWinds managed service provider ("MSP") business into a standalone, separately-traded public company named N-able.
• Following the separation, which was completed on July 19, N-able will provide cloud-based software solutions for MSPs, enabling them to support digital transformation and growth within small and medium-sized enterprises. SolarWinds will retain its Core IT Management business focused primarily on providing IT infrastructure management software to corporate IT organizations.

=SolarWinds (SWI) reported earnings on Thur 7 Feb 2019 (a/h)

AUSTIN, Texas (AP) _ SolarWinds Corp. (SWI) on Thursday reported fourth-quarter earnings of $668.4 million.

The Austin, Texas-based company said it had profit of $2.60 per share. Earnings, adjusted for one-time gains and costs, came to 19 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.

The provider of information-technology management software posted revenue of $221.2 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $217.6 million.

For the year, the company reported profit of $364.6 million, or $2.56 per share. Revenue was reported as $833.1 million.

For the current quarter ending in April, SolarWinds expects its per-share earnings to range from 16 cents to 18 cents.

The company said it expects revenue in the range of $215 million to $218 million for the fiscal first quarter. Analysts surveyed by Zacks had expected revenue of $136.1 million.

SolarWinds expects full-year earnings in the range of 78 cents to 80 cents per share, with revenue ranging from $921 million to $936 million.

SolarWinds shares have risen 26 percent since the beginning of the year.

SolarWinds (NYSE:SWI) agrees to be acquired in $4.5B deal

Update: In September 2018, SolarWinds filed for a public offering again, after three years of being owned by private equity firms. SolarWinds completed their public offering on October 19, 2018.

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• Austin software developer SolarWinds Inc. agreed to be bought by investment firms Thoma Bravo and Silver Lake Partners in a deal worth about $4.5 billion.
• The stock jumped 13% Oct. 9 when SolarWinds announced that it was reviewing strategic alternatives.
• California-based Silver Lake Partners also teamed with Michael Dell in a $24.9 billion leverage buyout of Dell Inc. in late 2013.