The IPO from SolarWinds was followed by another from OpenTable (an online restaurant-reservation service), which was perceived to break a dry spell during the Great Recession, when very few companies went public. SolarWinds completed an initial public offering of US$112.5 million in May 2009, closing at higher prices after its initial day of trading. ĭuring 2007, SolarWinds raised funding from Austin Ventures, Bain Capital, and Insight Venture Partners. The company was profitable from its founding through its IPO in 2009. In 2006, the company moved its headquarters to Austin, Texas, where about 300 of the company's total 450 employees were based as of 2011. According to Michael Bennett, who became the chief executive officer in 2006, the name SolarWinds was chosen by an early employee and the company has nothing to do with solar or wind power. SolarWinds released its first products, Trace Route and Ping Sweep, earlier in March 1998 and released its first web-based network performance monitoring application in November 2001. SolarWinds began in 1999 in Tulsa, Oklahoma, co-founded by Donald Yonce (a former executive at Walmart) and his brother David Yonce. In February 2021, Microsoft President Brad Smith said that it was "the largest and most sophisticated attack the world has ever seen". The attack persisted undetected for months in 2020, and additional details about the breadth and depth of compromised systems continued to surface after the initial disclosure. Ī SolarWinds product, Orion, used by about 33,000 public and private sector customers, was the focus of a large-scale attack disclosed in December 2020. It had about 300,000 customers as of December 2020, including nearly all Fortune 500 companies and numerous federal agencies. It has also acquired a number of other companies, some of which it still operates under their original names, including Pingdom, Papertrail and Loggly. The company was publicly traded from May 2009 until the end of 2015, and again from October 2018. It is headquartered in Austin, Texas, with sales and product development offices in a number of locations in the United States and several other countries.
#SOLARWINDS NEWS SOFTWARE#
is an American company that develops software for businesses to help manage their networks, systems, and information technology infrastructure. The SolarWinds incident has resurfaced considerations of the U.S.' information security apparatus.SolarWinds Inc.
WHAT IS SOLARWINDS? A LOOK AT THE HACKED SOFTWARE COMPANY IN THE CROSSHAIRS I look forward to working with my colleagues on this bipartisan legislation to meet the challenges of the cyber landscape." Ranking Member Comer and I have released discussion draft legislation to do just that.
#SOLARWINDS NEWS UPDATE#
"The federal government continues to be a top target for nation-state adversaries, and the report released today underscores the urgent need for Congress to update and strengthen the Federal Information Security Management Act, or FISMA. "It’s troubling that the federal government was still working to remove cyberattackers from agencies’ networks six months after the attack was discovered, and I am alarmed to hear that cyberattackers may still have as-yet-undiscovered access to federal networks." signage outside the Microsoft Visitor Center in Redmond, Wash. SOLARWINDS HACK ONE YEAR LATER, CYBERSECURITY EXPERTS SAY WE'RE NO BETTER OFF We strongly agree enhanced public-private collaboration is necessary to protect the nation's cyberinfrastructure from threats by foreign governments." "As noted in the report, information sharing between federal agencies and the private sector aided investigations and helped speed up response efforts.
Further, the GAO analysis of the National Security Council (NSC) after-action report on the Cyber Unified Coordination Group (UGC) investigation into the SUNBURST attack highlights the criticality of improving public-private engagement, and that coordination and information-sharing needs to be a two-way street between government and the private sector."
A SolarWinds spokesperson told FOX Business: "Today’s GAO report confirms details previously released about the highly sophisticated SUNBURST attack targeting SolarWinds and other technology companies. Thursday's report covered both the SolarWinds attack by Russian Foreign Intelligence Service and a Chinese government affiliate's "likely" exploitation of a vulnerability on the Microsoft Exchange Server.Ī representative for Microsoft declined to comment. logo is seen on a sign at the headquarters in Austin, Texas on Apin Austin, Texas.
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