SOURCE: SolarWinds

SolarWinds

June 15, 2010 08:00 ET

SolarWinds Enhances Board of Directors With Industry Veterans

As the Company Grows, So Does the Experience and Breadth of Its Board of Directors

AUSTIN, TX--(Marketwire - June 15, 2010) - SolarWinds® (NYSE: SWI), a leading provider of powerful and affordable IT management software to more than 93,000 customers worldwide, today announced the addition of three industry leaders to the company's Board of Directors: Mark Bonham, Roger Sippl and Lloyd "Buzz" Waterhouse. 

"As we mature our business and expand our opportunities, we continue to look for proven leaders whose unique experiences can assist our team in a variety of areas. For instance, Mark Bonham's corporate governance and legal expertise developed in his roles as a legal, financial and business advisor to many private and public technology companies makes him a valuable addition to our Board," said Kevin Thompson, President and Chief Executive Officer, SolarWinds. 

"In addition, the appointment of Roger Sippl and Buzz Waterhouse to the Board provides us with valuable experience and leadership in the areas of product strategy and market development," continued Thompson. "Their guidance in these areas will be instrumental as we enter the next stage of our lifecycle by helping us to evaluate the evolution of our products and our approach to new, adjacent markets. We'll also seek their insight to identify new opportunities to deliver world-class solutions that easily and affordably address some of the industry's biggest IT management challenges."

Mr. Bonham is currently a partner with SageCreek Partners LLC, a "mentor capital" and business consulting company. Mr. Bonham also practiced law for over twenty years. For the majority of his career, he worked at Wilson Sonsini Goodrich & Rosati, a leading Silicon Valley-based law firm, where he served at various times as a member of the Hiring (lead partner), WS Investments, Technology, Compensation and Knowledge Management (co-chair) Committees in addition to his corporate and securities practice. Mr. Bonham received a B.A. in economics from Brigham Young University and a J.D. from Harvard Law School.

Roger J. Sippl is the managing member of Sippl Investments, LLC, a venture capital firm that he founded in 1998. Mr. Sippl is recognized in the software industry as a leading entrepreneur, innovator and investor. Mr. Sippl founded companies such as Above All Software, Inc.; Informix Software, where he served as CEO; The Vantive Corporation which was acquired by PeopleSoft, Inc. in 2000; and Visigenic Software, where he also served as CEO, before the company was acquired by Borland. Sippl was also an early, individual investor in Illustra Information Technologies, which was acquired by Informix in 1996, and Red Pepper Software, which was acquired by Peoplesoft in 1997. Mr. Sippl holds a Bachelor of Science degree in computer science from the University of California at Berkeley.

Lloyd "Buzz" Waterhouse served as Chief Executive Officer and President of Harcourt Education, a global education company serving students and teachers, adult learners and readers, from September 2006 until his retirement in January 2008. Mr. Waterhouse served as an independent director and consultant from August 2004 to September 2006. From April 2001 to July 2004, he served as Chief Executive Officer and Chairman of Reynolds and Reynolds Co., a leading provider of integrated solutions to automotive retailers. Before joining Reynolds, Mr. Waterhouse spent 26 years at IBM Corporation, where he gained extensive experience in international business management, information technology, e-business and organizational change. He served as General Manager of E-Business Services for IBM Corporation from July 1998 to May 1999 and prior thereto, he served as General Manager of Marketing & Business Development for IBM Global Services from 1996 to July 1998. Mr. Waterhouse is also a director of Atlantic Mutual Companies and i2 Technologies, Inc.

The new Board members join Mike Bennett, Executive Chairman, SolarWinds; Steve Cakebread, Chief Financial Officer, Pandora Media; Jeffrey Horing, managing director, Insight Venture Partners; Benjamin Nye, managing director, Bain Capital Ventures; Ellen Siminoff, President and CEO of Shmoop University; Kevin Thompson, President and CEO, SolarWinds.

About SolarWinds

SolarWinds (NYSE: SWI) provides powerful and affordable IT management software to more than 93,000 customers worldwide -- from Fortune 500 enterprises to small businesses. We work to put our users first and remove the obstacles that have become "status quo" in traditional enterprise software. SolarWinds products are downloadable, easy to use, maintain, and provide the power, scale, and flexibility needed to address users' management priorities. Our online user community, thwack, is a gathering-place where tens of thousands of IT pros solve problems, share technology, and participate in product development for all of SolarWinds' products. Learn more today at http://www.solarwinds.com.

SolarWinds, SolarWinds.com, thwack.com, and Orion are registered trademarks of SolarWinds. All other company and product names mentioned are used only for identification purposes and may be trademarks or registered trademarks of their respective companies.

Contact Information

  • MEDIA CONTACTS for SOLARWINDS:
    Kenn Durrence
    The Hoffman Agency
    Phone: 408.975.3097
    Email Contact

    Tiffany Nels
    SolarWinds
    Phone: 512.682.9545
    Email Contact