Thought Leadership
The IT management specialist SolarWinds is changing hands: the company is being acquired by the private equity firm Turn/River Capital for around 4.4 billion US dollars. Shareholders will receive 18.50 dollars per share in cash.
Upon completion of the transaction, which is expected in the second quarter of 2025, SolarWinds will be delisted from the stock exchange. The company will continue to operate under the same name and with its headquarters in Austin, Texas. The existing majority shareholders Thoma Bravo and Silver Lake, who together hold around 65 percent of the voting rights, have already approved the takeover.
“We are excited to partner with Turn/River to provide our customers with even better operational resiliency solutions on our SolarWinds platform,” said Sudhakar Ramakrishna, President and CEO of SolarWinds. The company is best known for its monitoring and observability software used in hybrid and multi-cloud environments.
Turn/River founder Dominic Ang emphasized SolarWinds’ leading position in the field of IT infrastructure management software and announced his intention to further accelerate the company’s growth and innovative strength. The deal is still subject to the usual regulatory approvals.
The takeover marks an important milestone for SolarWinds after the company made the headlines in recent years, primarily due to the serious supply chain attack at the end of 2020. Under the new ownership, the software manufacturer intends to focus more on the further development of its security and management solutions.
