SolarWinds (NYSE:SWI) is in the business of selling network management and systems management products to IT professionals. The company was founded in 1999, went public in 2009, and last year recorded $335 million in revenue. SWI has 150,000 customers, including small businesses, large companies, and the public sector.
SWI makes the bulk of its money from the standard license/maintenance model, although more recently the company has started selling some products based on subscriptions. Last year, recurring revenue (maintenance + subscription) amounted to 59% of total revenue.
SWI, 2013, Select Figures
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