SolarWinds (NYSE:SWI), a leading provider of simple, powerful, and secure IT management software, has named Tim Karaca its group vice president of strategic finance and investor relations. In this role, Karaca will oversee financial planning and analysis, serve as the primary contact for the investment community, and play a leadership role in guiding data analytics and business intelligence for the company.
Karaca's experience includes nearly two decades serving in various finance roles in the technology industry and for Wall Street firms leading teams and overseeing multibillion dollar P&Ls, while deploying strategic investment and growth strategies.
In recent years, Karaca served in leadership roles building corporate finance capabilities at AIG and as a senior finance leader at Bridgewater Associates. Earlier in his career, he served in multiple finance roles at Microsoft® during the company's shift from an on-premises, classic licensing structure to a cloud subscription-based delivery model through its portfolio of products and channel partners.
"Tim is a proven finance leader with deep experience across the technology space and finance industry, which makes him a natural fit to lead our investor relations, and financial planning and analysis organization," said Bart Kalsu, executive vice president and chief financial officer, SolarWinds. "As we execute our growth strategy focused on delivering platform-based technologies to accelerate business transformation, Tim's experience with companies transitioning to a software-as-a-service (SaaS) model also provides considerable value."
"It's exciting to join SolarWinds at such a transformational time in the company's history as it continues to innovate and deliver platform-based observability solutions to the market, as we recently unveiled our SolarWinds® Platform SaaS solution," said Karaca. "With a strong leadership team and a well-established global customer base in place, I look forward to further building the organization's finance capabilities while engaging the investor community in a meaningful way."
SolarWinds (NYSE:SWI) is a leading provider of simple, powerful, and secure IT management software built to enable customers to accelerate their digital transformation. Our solutions provide organizations worldwide—regardless of type, size, or complexity—with a comprehensive and unified view of today's modern, distributed, and hybrid network environments. We continuously engage with technology professionals—IT service and operations professionals, DevOps and SecOps professionals, and database administrators (DBAs)—to understand the challenges they face in maintaining high-performing and highly available IT infrastructures, applications, and environments. The insights we gain from them, in places like our THWACK® community, allow us to address customers' needs now, and in the future. Our focus on the user and our commitment to excellence in end-to-end hybrid IT management have established SolarWinds as a worldwide leader in solutions for observability, IT service management, application performance, and database management. Learn more today at www.solarwinds.com.
This press release contains "forward-looking" statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding SolarWinds growth strategy. These forward-looking statements are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements that are not historical facts and may be identified by terms such as "aim,” "anticipate,” "believe,” "can,” "could,” "seek,” "should,” "feel,” "expect,” "will,” "would,” "plan,” "intend,” "estimate,” "continue," or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the risks and uncertainties described more fully in documents filed with or furnished to the Securities and Exchange Commission, including the risk factors discussed in our Annual Report on Form 10-K for the period ended December 31, 2021 filed on February 25, 2022. All information provided in this release is as of the date hereof and SolarWinds undertakes no duty to update this information except as required by law.
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