SolarWinds News
3 articles
Growth-Negative
SolarWinds Staff Warned About Security Holes Before Russia Hack
The US Securities and Exchange Commission (SEC) has sued SolarWinds Corp., accusing the company of publicly promoting its cybersecurity practices while its own employees raised concerns about them. The lawsuit details security flaws in SolarWindss access management, password protection, and software development, including with its Orion platform, which was compromised by Russian state hackers. SolarWinds has expressed disappointment at the SECs unfounded charges. The lawsuit also names SolarWinds Chief Information Security Officer Tim Brown as a defendant. The cyberattack on SolarWinds, revealed in December 2020, infiltrated the US government and major corporations.
Management ChangesCustomers
growth-negative
SolarWinds Misled Public on Cyber Risks Before Hack, SEC Claims
The Securities and Exchange Commission (SEC) has accused SolarWinds Corp. of defrauding investors by downplaying security risks ahead of a major hack that affected numerous government agencies and public companies. The SEC also filed a lawsuit against SolarWinds top information security official, Tim Brown, for breaking securities rules. This is the first time the regulator has sued a computer security executive for a cybersecurity-related issue. The company is currently exploring potential sale options.
CustomersManagement Changes
growth-positive
US co SolarWinds buys Israeli startup Samanage for $350m
US software company SolarWinds is acquiring Israeli company Samanage for $350 million cash. This is SolarWinds first acquisition of an Israeli company. Samanage provides a platform for managing information systems on the cloud. The acquisition is expected to close in the second quarter and SolarWinds plans to set up its first development center in Israel based on Samanage. Samanage has raised $69 million and has annual revenue in the tens of millions of dollars. It employs about 200 people split between Israel and the US and Europe.
Acquisition
