Pagliuca’s thoughts on a spin-off almost make it sound like a done deal. It’s not, of course, and SolarWinds’s board of directors and owners will ultimately settle the issue, but Pagliuca makes no bones about the fact that both he and Thompson think the transaction makes a lot of sense for all concerned.
“This is something that he believes in and that I believe in,” Pagliuca says.
In fact, the only significant risk attached to the deal, he believes, is that the legwork and disruption involved could divert the company’s attention from its partners and products.
“I see this happening with companies that go public,” Pagliuca observes. “They get myopically focused on that event and they take the eye off the ball on servicing their customers the right way.” The leadership team at SolarWinds though, he insists, has been through enough mergers, acquisitions, and IPOs to avoid that mistake.
“We’ve been there, done that, and that’s why we’re 100% focused on making sure that the priority is the right priority,” Pagliuca says.
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