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An MSP ‘Evangelist’ On Wall Street: 8 Things You Need To Know About SolarWinds MSP Possible Spin-Off

‘I think we’re going to blaze the trail that hopefully others can follow. I think it’s good for the market if the companies that serve that market have capital,’ SolarWinds CEO Kevin Thompson says.

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Timing Of Announcing The Potential Spin-Off

Thompson said there is a lot of work to do that requires executives at many levels. Working to move the spin-off forward, while simultaneously keeping it secret, was expected to be too difficult.

“The reason we‘ve disclosed it today is because there was a lot of work to do and because we have needed to involve a larger number of the members of my team. .... We’ve disclosed it because that information would begin to leak out into the market at the moment. We’ve expanded that circle beyond a very small group of people [that will] report directly to me. So our management is very excited about this opportunity. We really have been the drivers of the decision to explore this potential transaction, convincing our board it was the right thing to do. We’re disclosing it so we can work as fast as we can, and not have to try to, you know, keep it a secret, which is always hard to do.”

 
 
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