SolarWinds (NYSE:SWI) rose 11.5% in after-hours buying and selling amid a report that the software program firm is exploring choices, together with a possible sale.
The corporate, which is managed by personal fairness companies Silver Lake and Thoma Bravo, is working with monetary advisers to arrange a sale course of that will begin early subsequent yr, in line with a Bloomberg report, which cited folks conversant in the matter.
No remaining resolution has been made, and SolarWinds (SWI) might resolve to stay impartial.
Representatives for SolarWinds (SWI), Thoma Bravo, and Silver Lake declined to remark to Bloomberg.
SolarWinds (SWI) is predicted to report Q3 results on Thursday.
SolarWinds (NYSE:SWI) rose 11.5% in after-hours buying and selling amid a report that the software program firm is exploring choices, together with a possible sale.
The corporate, which is managed by personal fairness companies Silver Lake and Thoma Bravo, is working with monetary advisers to arrange a sale course of that will begin early subsequent yr, in line with a Bloomberg report, which cited folks conversant in the matter.
No remaining resolution has been made, and SolarWinds (SWI) might resolve to stay impartial.
Representatives for SolarWinds (SWI), Thoma Bravo, and Silver Lake declined to remark to Bloomberg.
SolarWinds (SWI) is predicted to report Q3 results on Thursday.