SolarWinds Acquired by Turn/River Capital in $4.4 Billion Deal

Overview

AUSTIN, Texas–(BUSINESS WIRE)–SolarWinds Corporation (NYSE:SWI) (“SolarWinds” or the “Company”), a leading provider of simple, powerful, secure observability and IT management software, today announced that it has entered into a definitive agreement to be acquired by Turn/River Capital in an all-cash transaction for $18.50 per share or approximately $4.4 billion. The per-share price represents a premium of approximately 35% to the volume-weighted average closing price of SolarWinds stock for the specified period.

Acquisition Details

The acquisition of SolarWinds by Turn/River Capital marks a significant milestone for both companies. SolarWinds, known for its innovative IT management software solutions, will now be under the ownership of Turn/River Capital, a private equity firm with a focus on investing in high-growth technology companies. The all-cash transaction valued at $4.4 billion reflects the strong market position and growth potential of SolarWinds.

The acquisition is expected to be completed in the coming months, subject to regulatory approvals and other customary closing conditions.

How This Acquisition Will Affect Me

As a user of SolarWinds software, you can expect to see continued support and innovation in the products and services offered. With Turn/River Capital’s backing, SolarWinds will have access to additional resources and expertise to further enhance its solutions and expand its market reach. Customers can look forward to a seamless transition and continued commitment to delivering top-notch IT management software.

How This Acquisition Will Affect the World

The acquisition of SolarWinds by Turn/River Capital is expected to have a positive impact on the tech industry as a whole. With increased investment and focus on innovation, SolarWinds will be better positioned to address the evolving needs of businesses and organizations worldwide. This acquisition underscores the continued growth and importance of IT management software in today’s digital landscape.

Conclusion

The acquisition of SolarWinds by Turn/River Capital represents a significant opportunity for both companies to collaborate and drive innovation in the IT management software space. This strategic move is poised to benefit customers, stakeholders, and the industry as a whole, paving the way for continued growth and success in the future.