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Actionable news in SWI: SOLARWINDS Inc,

SolarWinds (SWI) Stock Gains, Explores Strategic Options

NEW YORK (TheStreet) -- Shares of SolarWinds (SWI - Get Report) were gaining 14.5% to $47.97 with heavy trading volume on Friday after the enterprise information technology management software maker announced it is exploring its strategic alternatives.

SolarWinds said the review comes in response to an unsolicited expression of interest from a third party. The review may result in SolarWinds selling itself.

The software company retained JPMorgan as its financial advisor, and DLA Piper LLP as its legal advisor for the review.

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"Consistent with its duties, our board of directors has determined that it is prudent to undertake a review to see which alternative or alternatives, including our standalone plan, are the best way to maximize shareholder value," CEO Kevin Thompson said in a statement. "As the board conducts its review, we remain focused on strong revenue growth and cash flow and excited about continuing to deliver our world class products to help IT professionals manage all things IT."

About 5.8 million...


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