Summary: SolarWinds, a leader in observability and IT management solutions, is set to be acquired by Turn/River Capital for approximately .4 billion. The deal, representing a 35% premium on the stock, will finalize in the second quarter of 2025, with SolarWinds continuing to operate under its current brand name. Previously acquired by Thoma Bravo and Silver Lake in 2016, SolarWinds will transition to a privately held company post-acquisition.
Affected: SolarWinds
Keypoints :
- Turn/River Capital is acquiring SolarWinds for .4 billion, paying .50 per share.
- Post-acquisition, SolarWinds will become a privately held entity while retaining its headquarters in Austin, Texas.
- The company, which experienced a notable security breach in 2020, offers a platform focused on resiliency, efficiency, and security in IT service management.
Source: https://www.securityweek.com/solarwinds-taken-private-in-4-4-billion-turn-river-capital-acquisition/