Congratulations to SolarWinds, Inc.
SolarWinds just went public today after being fully subscribed in their pricing range. Reuters reports on the debut, including (at the moment) a 16% rise in the stock on the open market. This is not only good news for the markets and the venture investors, but good news for Austin, which hasn’t seen an IPO in approximately 3 years, despite having quite a few companies in incubation here. We have some good friends working over at SolarWinds, and we’re very happy for them for being able to capitalize on all the hard work so far to retire debt and have money to invest in growth. Of course, as anyone who has worked at a recently-public company will tell you – now the real work starts! (editors note: SolarWinds is not a green energy play… check out their website to learn more about their business in network management)