Infrastructure applications vendor SolarWinds and HCL Software are expanding their work together delivering enterprise AI and ITops management offerings.
“Digital transformation has moved observability, AI, and automation into the mainstream,” said Kumar in the announcement. “We seek to combine our experience and strength in innovation and leverage our extensive partner network to drive growth.”
“I am especially proud of the recent launch of SolarWinds Observability, our most impactful observability solution to date delivered in a cloud-native SaaS model,” he said, in the release announcing the company’s financial results for the third quarter of 2022 in early November.
“We are building on our foundation of simple, powerful, secure, and value-based monitoring tools with new observability solutions that empower every customer to drive digital transformation regardless of where they are in their cloud journey.”
SolarWinds’ results for its third quarter ending 30 September included a 31% jump in subscription revenues and referred to the “expanded partnership strategy”, Ramakrishna said.
Total revenues for the third quarter came in at $179.4 million — “a slight decline” year-over-year on a reported basis and one percent year-over-year growth on a constant currency basis, the company said. The company reported a net loss for the third quarter of $292.2 million, with 87% of total revenue coming from recurring revenues.
Full-year expectations are for total revenue of $710 million-$715 million, roughly one percent down from 2021 total revenue from continuing operations.
SolarWinds Observability is a fully integrated cloud-native SaaS offering available on Azure and AWS clouds.
The quarter also saw the vendor launch a new version of its Hybrid Cloud Observability offering with AI/ML enhanced anomaly detection, and a new partner programme, Transform, including support for managed service providers.