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The Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of SolarWinds, Inc. Investors
[September 16, 2015]

The Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of SolarWinds, Inc. Investors


Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased SolarWinds (News - Alert), Inc. ("SolarWinds" or the "Company") (NYSE: SWI) securities between April 28, 2015 and July 16, 2015, inclusive (the "Class Period"). SolarWinds investors have until September 29, 2015 to file a lead plaintiff motion. Investors who suffered losses on their investment in SolarWinds securities are encouraged to contact the Law Offices of Howard G. Smith to discuss their legal rights in this class action.

SolarWinds and its subsidiaries design, develop, market, sell and support enterprise-class information technology ("IT") infrastructure management software to IT professionals in organizations of all sizes. The Company's products are purportedly designed to help enable efficient and effective management of IT networks, systems and application infrastructure.

The complaint alleges that throughout the Class Period, defendants made false and/or misleading statements, as wll as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, defendants made false and/or misleading statements and/or failed to disclose, among others: (1) that the Company's domestic business was struggling against the Company's expectations; (2) that the Company's license sales growth of core license products and resulting license revenue was lower than expectations and guidance; (3) that the overall quality of the "demand capture" the Company was garnering for certain core products was dropping; and, (4) that, as a result of the foregoing, defendants' statements were materially false and misleading at all relevant times. On July 16, 2015, after the market closed, the Company disclosed its revenues for the second quarter of 2014 fell below analyst expectations and lowered revenue guidance for the next few quarters.



If you purchased shares of SolarWinds during the Class Period you may move the Court no later than September 29, 2015 to ask the Court to appoint you as lead plaintiff if you meet certain legal requirements. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to [email protected], or visit our website at http://www.howardsmithlaw.com.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.



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