As a private company, SolarWinds bolstered its nascent businesses for databases and virtual managed service providers, which helped to convert a majority of the company’s revenues from licenses to subscriptions and maintenance contracts. After further review, FireEye found the vulnerability had come from SolarWinds software, impacting thousands of customers. Private equity firms are well-versed in pulling companies through recessions, corporate breakups, and even white-knuckle negotiations with angry lenders. The SolarWinds hack is of a different magnitude. Presently, two of the world’s most prominent and successful private equity firms, are dealing with a crisis that’s infected the highest rungs of government and business.

Source: Forbes December 18, 2020 16:23 UTC