SolarWinds Corp., a provider of IT management software, is exploring a potential spin-off of its MSP business into a newly created and separately traded public company.
If completed, the standalone entity would provide broad and scalable IT service management solutions designed to enable managed service providers, or MSPs, to deliver outsourced IT services for their small and medium-size business end-customers.
“We are exploring a potential spin-off transaction because we believe that, if completed, a spin-off may enhance the successful operation of both the MSP and the core IT management businesses and increase their respective values,” said Kevin Thompson, president and CEO of SolarWinds. “By splitting the two businesses into separate companies, it may be that the business and related investment, spending and capital allocation policies of each company could be managed consistently with each business’ objectives.”
The Core IT Management business woul
