With workloads continuing to migrate to the cloud, this may pressure SolarWinds ability to continue growing at historical levels, as a majority of revenue comes from managing on-premise IT infrastructure. However, we believe on-premise solutions will still be needed over the foreseeable future as companies are reluctant to put 100% of their workloads into the cloud, which in turn should contribute to ongoing predictable recurring maintenance revenues. In addition, over the past several years the company has expanded beyond its core on-premise network solutions and into RMM and could management solutions, allowing it to compete effectively in the cloud era, while expanding its recurring revenue base via its subscription offerings. The company continues to see strong demand in its products,
