Austin, Texas • 512-682-9300 • www.solarwinds.comIPO DETAILS
IPO Date: 5/20/09
Exchange and Ticker: NYSE: SWI
Filing Range: 12.1M shares @ $9.50 to $11.50
Offering Price: $12.50
Close on First Day: $13.75
Offering Size: $151.5M
Shares Outstanding: 64,186,348
Underwriters: JP Morgan/ Goldman Sachs & Co./ Morgan Stanley
CoManagers: Jefferies & Co. Inc./ Thomas Weisel Partners/ Ladenburg Thalmann & Co.
Company Counsel: Wilson Sonsini Goodrich & Rosati
Manager Counsel: Fenwick & West LLP
Auditor: Pricewaterhouse Coopers LLP
Market Capitalization on 5/29/09: $962.8M
Closing price at current month end: $15.00
COMPANY DESCRIPTION
Develops an array of network management, monitoring and discovery tools for network management and consulting professionals. The company’s products and services are distributed worldwide in over 126 countries. The three divisions of SolarWinds include the Network Toolset Division, the Orion Division and the Broadband Division. Its competitors include BMC, Cisco, CA, Hewlett Packard and IBM.
VENTURE BACKERS
Austin Ventures, Bain Capital and Insight Venture Partners
STOCK HOLDINGS OF VC FUNDS
(For company directors or owners of 5% or more of the company’s shares.)
Owner_No. of shares as of 5/20/09_ Value as of 5/29/09_ Percentage ownership after offering
Insight Venture Partners_17,408,436_$261.13M_25.30%
Bain Capital_14,051,110_$210.76M_20.40%
Austin Ventures_1,899,540_$28.49M_2.80%
FINANCING ROUNDS
Date_No. of Investors_Round Amount $M_Valuation $M
10/1/05_3_$41.0_n/a
2/6/07_3_$7.50_n/a
3/26/08_2_$13.64_n/a
FINANCIALS
12/31/05_12/31/06_12/31/07
Revenue $M: $27.90_$38.23_$61.73
Net Income $M: $13.61_$13.61_$13.61
EPS: $8.73_$0.18_$0.24
Source: Thomson Reuters