SolarWinds Files for $250 Million IPO

SolarWinds, an Austin, Texas-based provider of network management software for the SMB/SME market, has filed for a $250 million IPO. It plans to trade on the NYSE under tucker symbol SWI, with JPMorgan, Goldman Sachs and Lehman Brothers serving as co-lead underwriters.

 

The company has raised around $48.5 million in VC funding from Bain Capital Ventures (31.6% pre-IPO stake), Insight Venture Partners (31.6%) and Austin Ventures (3.4%). www.solarwinds.net