Asset Manager

Updated:

SolarWinds Worldwide

SolarWinds Worldwide is the IT management software firm with 300,000+ customers, led by CEO Sudhakar Ramakrishna post-2020 cyberattack.

SolarWinds Worldwide

SolarWinds Worldwide was founded in 1999 in Tulsa, Oklahoma, by Donald Y. Burns, David L. Gresham, and Joseph H. Mesler. The company pioneered affordable, on-premises IT management software for network engineers. Its core product, Orion, became a cornerstone of network performance monitoring for enterprises globally. The company's portfolio spans network management, systems management, security, database, and IT service management. Key products include the SolarWinds Platform, SolarWinds Observability (a SaaS-based offering), and the Database Performance Analyzer. SolarWinds generates revenue through a subscription model (SaaS and term licenses) and, per public filings, reported annual revenue of over $1 billion in recent years. The customer base includes roughly 425 of the Fortune 500 and many government agencies. In December 2020, SolarWinds disclosed the SUNBURST cyberattack, a state-sponsored compromise of its Orion build system that affected up to 18,000 customers. The incident led to a $26 million SEC penalty (October 2023) and reshaped US government cybersecurity policy. Sudhakar Ramakrishna, who became CEO in 2020, oversaw a multi-year overhaul of security architecture and product delivery. SolarWinds' structural differentiator is its deep penetration in mid-market and enterprise IT operations combined with a subscription-led transformation post-2020. The company operates a hybrid delivery model—on-premises and SaaS—rare among ITSM vendors. Its ownership structure shifted over time: acquired by private equity firms Thoma Bravo and Silver Lake in 2016 for $4.5 billion, then taken public again in 2018 (NYSE: SWI).

General information

Firm type

Asset Manager

Year founded

1999

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Austin

Corporate office

Austin, TX, United States

Additional offices

Bratislava, Slovakia · Chennai, India · Dublin, Ireland

Principals

Sudhakar Ramakrishna

CEO

Kevin Thompson

CFO

Sector focus

Enterprise SoftwareCybersecurityIT InfrastructureCloud ComputingDevOpsAI/ML

Frequently asked questions

Who leads SolarWinds after the 2020 cyberattack?

Sudhakar Ramakrishna joined as CEO in January 2020, just months before the SUNBURST attack was disclosed. He previously served as CEO of Pulse Secure and led security-focused turnarounds. Under Ramakrishna, SolarWinds overhauled its product security, delivery pipeline, and disclosure practices.

What happened in the 2020 SUNBURST cyberattack, and what were the consequences?

In December 2020, SolarWinds disclosed that state-sponsored actors had inserted malicious code into builds of its Orion monitoring software, affecting up to 18,000 customers. The attack targeted US government agencies and Fortune 500 companies. In October 2023, the SEC fined SolarWinds $26 million for inadequate cybersecurity disclosures and internal controls.

Is SolarWinds a public company or privately owned?

SolarWinds is publicly traded on the New York Stock Exchange under the ticker SWI. It was taken private by Thoma Bravo and Silver Lake in 2016 and IPO'd again in October 2018. As of 2025, the company remains public with a market capitalization around $2.5 billion.

What products and revenue model does SolarWinds use?

SolarWinds sells IT management and observability software, primarily under a subscription model (SaaS and term licenses). Its flagship platforms include SolarWinds Observability (for hybrid-cloud monitoring), Network Performance Monitor, Database Performance Analyzer, and a range of security tools. Per SEC filings, annual recurring revenue exceeded $800 million in recent years.

How did the SUNBURST attack change SolarWinds' security posture?

SolarWinds implemented a Security Development Lifecycle (SDL), separated its engineering environments, required multi-factor authentication for all code commits, and introduced a formal incident response framework. The company also hired a dedicated Chief Information Security Officer and publishes annual threat landscape reports.

Profile maintained by using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.

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