SolarWinds MSP Business May Be Ready To Set Sail
In what could be a massive shake-up to the IT service management market for MSPs, SolarWinds said its SolarWinds MSP business is ready to take off under its own power and the company is exploring ways to spin off that unit into a publicly traded company.
The potentially huge cash infusion that such a spin-off could bring would be used to build out the company through acquisition, add more support staff for MSPs and collect more services to help MSPs build their business, said SolarWinds President and CEO Kevin Thompson.
“It says the MSP market is real,” Thompson told CRN. “It says the market is going to be here for a very long time. It’s a market that is going to have growth for a number of years to come. There’s a real opportunity to build big businesses serving that market. In 2013, when we entered the market, I don’t think anyone would have said any of that.”
Thompson disclosed the news Thursday during SolarWinds’ second-quarter after-the-bell earnings call. After the call, Thompson spoke with CRN about the potential transaction and what it means to MSP customers.
