Turn/River Capital to Acquire SolarWinds in a Game-Changing $4.4 Billion Deal

Turn/River Capital to Acquire SolarWinds in a Game-Changing $4.4 Billion Deal

In a significant move for the tech industry, SolarWinds, a leading provider of observability and IT management software, has announced its acquisition by Turn/River Capital. This all-cash transaction is valued at approximately US$4.4 billion, marking a pivotal moment for both companies.

Details of the Acquisition

Under the terms of the agreement, shareholders of SolarWinds will receive US$18.50 per share. This offer represents a remarkable 35% premium based on the volume-weighted average closing price of SolarWinds stock over the 90 trading days leading up to February 6, 2025.

Statements from Leadership

Sudhakar Ramakrishna, President and CEO of SolarWinds, expressed enthusiasm about the acquisition:

“We have built a strong record of supporting customers in their business transformations through solutions designed for hybrid and multi-cloud environments. We now look forward to working with Turn/River to enhance operational resilience for our customers through our SolarWinds Platform, incorporating our observability, monitoring, and service desk solutions.”

Dominic Ang, Founder and Managing Partner of Turn/River Capital, shared his excitement about the partnership:

“We are excited to partner with SolarWinds. By combining our experience in software operations and investment with their focus on customer success, we aim to accelerate growth and further innovation.”

Transaction Approval and Future Plans

The acquisition has received unanimous approval from SolarWinds’ Board of Directors and is expected to finalize in the second quarter of 2025, pending necessary regulatory approvals and other customary conditions.

  • Majority shareholders Thoma Bravo and Silver Lake, holding approximately 65% of SolarWinds’ voting securities, have also given their consent.
  • No additional shareholder approval is required to complete the transaction.
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Impact on SolarWinds’ Operations

Once the acquisition is complete, SolarWinds’ common stock will no longer be traded on the New York Stock Exchange. The company will transition into a privately held entity while continuing to operate under the SolarWinds name and brand, maintaining its headquarters in Austin, Texas.

This acquisition not only signifies a new chapter for SolarWinds but also highlights the growing importance of observability and IT management solutions in today’s rapidly evolving technological landscape. For more information on SolarWinds and its offerings, visit their official site at SolarWinds.

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