STOCK TITAN

SolarWinds Announces Acquisition of Federal Services Provider, Monalytic

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Rhea-AI Summary

SolarWinds (NYSE:SWI) has acquired Monalytic, a professional services firm specializing in monitoring and analytics for federal customers. This acquisition aims to enhance the support services offered to federal clients, providing around-the-clock assistance for optimizing IT environments.

Monalytic has been a trusted partner, helping SolarWinds customers achieve peak performance in complex IT settings. The move signifies SolarWinds' commitment to expanding its federal market presence and improving customer service.

Positive
  • Acquisition of Monalytic enhances service offerings and support for federal customers.
  • Monalytic has extensive experience in the installation and integration of SolarWinds software.
  • The acquisition is expected to streamline procurement processes for government clients.
Negative
  • None.

SolarWinds provides federal customers with the tools, and now the services, needed to enhance and protect their mission-critical systems

RESTON, Va.--(BUSINESS WIRE)-- SolarWinds (NYSE:SWI), a leading provider of simple, powerful, and secure IT management software, today announced it has acquired Monalytic, a monitoring, analytics, and professional services company, and preferred SolarWinds services provider. This acquisition helps provide SolarWinds federal customers with around-the-clock support to help optimize and secure their dynamic IT environments by coupling the company’s effective, accessible, and easy-to-use IT management products with Monalytic’s seasoned experts who operate in the most secure environments.

Monalytic has long been a trusted partner of SolarWinds, providing SolarWinds’ public sector customers with professional services and the training needed to generate peak performance of their mission-critical systems. Monalytic has extensive experience in the installation of SolarWinds software in complex environments and the integration of SolarWinds with legacy systems. All Monalytic consultants are SolarWinds Certified Professionals and will continue to work alongside the SolarWinds Partner ecosystem and network of resellers.

“We are thrilled to welcome the Monalytic team to SolarWinds. This acquisition will enhance our ability to serve our federal customers and Partners,” said Sudhakar Ramakrishna, president and CEO, SolarWinds. “In supporting our federal customers for over a decade, Monalytic has proven its ability to operate in the most secure environments and deliver fantastic value.”

“Monalytic has helped our government customers realize the exceptional value of their SolarWinds investment,” said Andrea Webb, senior vice president, Chief Customer Officer, SolarWinds. “This acquisition will further amplify Monalytic’s capabilities, through their service and support offerings, and as a result, will help further intensify our efforts in this critical customer segment and continue to deliver superior value.”

Through this acquisition, SolarWinds will be positioned to offer enhanced support to its federal customers around the clock, with a simplified procurement process. As Ramakrishna embarks on his second year as president and CEO of SolarWinds, this acquisition serves as a proactive step to continue to improve the experience for the SolarWinds customers in federal government.

“For existing Monalytic customers, nothing will change – it will only get better,” said Greg Fetterhoff, president, Monalytic, a SolarWinds Company. “We will continue to help organizations perform at their peak and reap the benefits of their SolarWinds investment, and it will be even easier for SolarWinds users to access our services. We will continue to team with the SolarWinds channel Partners to meet program goals. And we will continue all operations, but with more resources to do it even better.”

Monalytic brings 16 employees to SolarWinds and through the acquisition will continue to operate as a separate entity. These joint services and offerings are broadly available through a variety of procurement vehicles and SolarWinds customers’ preferred public sector Partners.

Additional Resources

Connect with SolarWinds

#SWIproducts

#SWIcorporate

#SWI

#SWIsecurity

About SolarWinds

SolarWinds (NYSE:SWI) is a leading provider of simple, powerful, and secure IT management software. Our solutions give organizations worldwide—regardless of type, size, or complexity—the power to accelerate business transformation in today’s hybrid IT environments. We continuously engage with technology professionals—IT service and operations professionals, DevOps and SecOps professionals, and database administrators (DBAs) – to understand the challenges they face in maintaining high-performing and highly available IT infrastructures, applications, and environments. The insights we gain from them, in places like our THWACK community, allow us to address customers’ needs now, and in the future. Our focus on the user and commitment to excellence in end-to-end hybrid IT management has established SolarWinds as a worldwide leader in solutions for observability, IT service management, application performance, and database management. Learn more today at www.solarwinds.com.

About Monalytic, a SolarWinds Company

Monalytic, a SolarWinds Company, is a monitoring, analytics, and professional services provider focused on the public sector. We deliver easily accessible, real-time IT operations and performance insights to organizations who do not have the internal technical staff or resources to do so. Whether you’ve already chosen and invested in software, or are still researching the right solution for your organization, Monalytic will help you get peak performance from your critical business systems. Our experienced experts eat, sleep, and breathe analytical insights. Learn more today at www.monalytic.com.

This press release contains “forward-looking” statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the expected benefits and opportunities of the Monalytic acquisition. These forward-looking statements are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements that are not historical facts and may be identified by terms such as “aim,” “anticipate,” “believe,” “can,” “could,” “seek,” “should,” “feel,” “expect,” “will,” “would,” “plan,” “intend,” “estimate,” “continue,” or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the risks and uncertainties described more fully in documents filed with or furnished to the Securities and Exchange Commission, including the risk factors discussed in our Annual Report on Form 10-K for the period ended December 31, 2020 filed on March 1, 2021, our Quarterly Report on Form 10-Q for the period ended March 31, 2021 filed on May 10, 2021, our Quarterly Report on Form 10-Q for the period ended June 30, 2021 filed on August 6, 2021 our Quarterly Report on Form 10-Q for the period ended September 30, 2021 filed on November 9, 2021. All information provided in this release is as of the date hereof and SolarWinds undertakes no duty to update this information except as required by law.

The SolarWinds, SolarWinds & Design, Orion, and THWACK trademarks are the exclusive property of SolarWinds Worldwide, LLC or its affiliates, are registered with the U.S. Patent and Trademark Office, and may be registered or pending registration in other countries. All other SolarWinds trademarks, service marks, and logos may be common law marks or are registered or pending registration. All other trademarks mentioned herein are used for identification purposes only and are trademarks of (and may be registered trademarks of) their respective companies.

© 2022 SolarWinds Worldwide, LLC. All rights reserved.

Emily Brown

REQ

Phone: 1-703-287-7820

ebrown@req.co

Lisa Sherwin Wulf

SolarWinds

Phone: +703-386-2628

pr@solarwinds.com

Source: SolarWinds Worldwide, LLC.

FAQ

What is the significance of SolarWinds' acquisition of Monalytic?

The acquisition enhances SolarWinds' support capabilities for federal customers, providing improved service and faster procurement.

How will the acquisition of Monalytic impact SolarWinds' federal customers?

Federal customers will benefit from enhanced around-the-clock support and improved service offerings.

What are the expected benefits of the Monalytic acquisition for SolarWinds?

The acquisition is expected to strengthen SolarWinds' position in the federal sector and improve client satisfaction.

When was the acquisition of Monalytic announced by SolarWinds?

The acquisition was announced on January 19, 2022.

What type of services does Monalytic provide that will benefit SolarWinds?

Monalytic provides monitoring, analytics, and professional services specifically tailored for the public sector.

SolarWinds Corporation

NYSE:SWI

SWI Rankings

SWI Latest News

SWI Stock Data

2.44B
52.31M
1.74%
98.13%
0.95%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
AUSTIN