Latest news with #SolarWindsPlatform
Yahoo
16-04-2025
- Business
- Yahoo
Turn/River Completes Acquisition of SolarWinds
SolarWinds shareholders receive $18.50 per share in cash, with a total enterprise value of $4.4 billion; SolarWinds becomes a privately held company upon completion of the transaction AUSTIN, Texas, April 16, 2025--(BUSINESS WIRE)--SolarWinds Corporation ("SolarWinds" or the "Company"), a leading provider of simple, powerful, secure observability and IT management software, today announced the closing of its acquisition by Turn/River Capital. The transaction is valued at approximately $4.4 billion, with SolarWinds stockholders receiving $18.50 per share in cash. With the closing of the transaction, SolarWinds common stock has ceased trading, and the Company is no longer listed on the New York Stock Exchange. "With Turn/River as our new owner, we remain committed to continuing our tradition of helping customers transform their businesses through simple, powerful, and secure solutions for hybrid and multi-cloud environments. We are excited to provide operational resilience on our SolarWinds Platform by utilizing our observability, monitoring, and service desk solutions," said Sudhakar Ramakrishna, President and CEO of SolarWinds. "This successful transaction and partnership highlight our employees' exceptional work in building solutions and delivering customer success," said Ramakrishna. "We believe Turn/River's expertise will help SolarWinds drive innovation and deliver greater value to customers and stakeholders." "With the recent launch of next-generation solutions that integrate observability, incident response, service management, and AI-powered automation, SolarWinds is redefining what it means to achieve operational resilience in complex hybrid IT environments," said Matthew Amico, Partner at Turn/River Capital. "We are excited to partner with SolarWinds to build on this momentum, investing further in product innovation and empowering organizations worldwide to thrive in an era of rapid technological change." Advisors Goldman Sachs & Co. LLC acted as the lead financial advisor to SolarWinds, Jefferies LLC also acted as a financial advisor to SolarWinds, and DLA Piper LLP (US) acted as SolarWinds' legal counsel. J.P. Morgan, Barclays, Santander, and RBC Capital Markets acted as financial advisors to Turn/River, and Kirkland & Ellis LLP acted as legal counsel for Turn/River. About SolarWinds SolarWinds is a leading provider of simple, powerful, secure observability and IT management software built to enable customers to accelerate their digital transformation. Our solutions provide organizations worldwide—regardless of type, size, or complexity—with a comprehensive and unified view of today's modern, distributed, and hybrid network environments. We continuously engage with IT service and operations professionals, DevOps and SecOps professionals, and database administrators (DBAs) to understand the challenges they face in maintaining high-performing and highly available hybrid IT infrastructures, applications, and environments. The insights we gain from them, in places like our THWACK community, allow us to address customers' needs now and in the future. Our focus on the user and our commitment to excellence in end-to-end hybrid IT management have established SolarWinds as a worldwide leader in solutions for observability, IT service management, application performance, and database management. Learn more today at About Turn/River Capital Turn/River Capital is a private equity firm that applies a proprietary growth engineering strategy to investing, partnering with software businesses to accelerate growth and build enduring value. The firm's team of equal parts investors and operators provides hands-on operational support and the flexible capital to systematically scale marketing, sales and customer success at its portfolio companies. Founded in 2012 and based in San Francisco, Turn/River invests globally with a focus on North America and Europe. For more information, visit #SWIfinancials#SWIcorporate#SWI © 2025 SolarWinds Worldwide, LLC. All rights reserved. Forward-Looking Statements This press release contains "forward-looking statements," which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements that are not historical facts and may be identified by terms such as "anticipate," "believe," "could," "expect," "will," "estimate," "continue," "may," or similar expressions and the negatives of those terms or other similar terms or expressions that concern the Company's expectations, strategy, plans or intentions. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, (i) the outcome of any legal proceedings that may be instituted relating to the transaction, the parties thereto, or their respective directors, managers or officers, including the effects of any outcomes related thereto, (ii) the Company's ability to retain, hire and integrate skilled personnel including the Company's senior management team and maintain relationships with key business partners and customers, and others with whom it does business, in light of the transaction, (iii) unexpected costs, charges or expenses resulting from the transaction; (iv) the impact of adverse general and industry-specific economic and market conditions, (v) risks caused by delays in upturns or downturns being reflected in the Company's financial position and results of operations, (vi) risks that the benefits of the transaction are not realized when and as expected, and (vii) other factors described under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2024. The Company cautions you that the important factors referenced above may not contain all of the factors that are important to you. In addition, the Company cannot assure you that the Company will realize the results or developments expected or anticipated or, even if substantially realized, that they will result in the consequences or affect the Company or the Company's operations in the way the Company expects. The forward-looking statements included in this press release are made only as of the date hereof. Except as required by applicable law or regulation, the Company does not undertake to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. View source version on Contacts Media Contacts Jenne BarbourSolarWinds+1-512-498-6804pr@ Christine ElswickHighwire+1-415-671-9707christine@ Investor Contacts SolarWinds Investor Relationsir@ For Turn/River Carlos RoigClear Hill Strategies+1-415-305-6590media@ Sign in to access your portfolio
Channel Post MEA
04-03-2025
- Business
- Channel Post MEA
SolarWinds Names 2025 EMEA Partner Awards Winners
SolarWinds recently shared the winners of its 2025 EMEA Partner Awards. The awards recognize the impressive growth and dedication within the distribution and reseller partner community over the past year. 'I am beyond grateful to all our partners for their dedication over this past year,' said Laurent Delattre, Vice President of Sales, EMEA, SolarWinds. 'We're pleased to honor their engagement and outstanding achievements in delivering technical expertise and consultancy on the unified SolarWinds Platform This year, our partners will embark on a journey towards excellent customer experience, allowing customers to effectively use SolarWinds Observability (Self-Hosted and SaaS), Database, and IT Service Management (ITSM) solutions as they manage increasingly complex digital landscapes.' The list of winners from the Middle East is as follows: EMEA Distributor of the Year: Spire Solutions (UAE) EMEA Excellence in Diversification: Delta Line International (UAE) EMEA Personal Achievement: Waleed Odeh from Clever Solutions (KSA) The winners were determined based on revenue and year-over-year growth trajectory, investment in SolarWinds, development commitment and technology alignment, effectiveness in collaboration with SolarWinds field organizations regionally, effectiveness of marketing campaigns and go-to-market strategies, and SolarWinds Certified Professional® and SolarWinds Sales Expert (SSE) accreditations over the past year. 0 0
TECHx
11-02-2025
- Business
- TECHx
SolarWinds to Be Acquired by Turn/River Capital for $4.4 Billion - TECHx Media SolarWinds to Be Acquired by Turn/River Capital for $4.4 Billion
SolarWinds to Be Acquired by Turn/River Capital for $4.4 Billion News Desk - Share SolarWinds Corporation (NYSE: SWI), a provider of observability and IT management software, has announced a definitive agreement to be acquired by Turn/River Capital in an all-cash transaction valued at approximately $4.4 billion. SolarWinds shareholders will receive $18.50 per share, representing a 35% premium to the company's 90-day volume-weighted average closing price as of February 6, 2025. SolarWinds President and CEO Sudhakar Ramakrishna stated that the company remains committed to delivering innovative IT management solutions, emphasizing that the partnership with Turn/River Capital will enhance operational resilience offerings on the SolarWinds Platform. He highlighted SolarWinds' leadership in observability, monitoring, and service desk solutions and expressed confidence that the acquisition will further drive customer success. Turn/River Capital Founder and Managing Partner Dominic Ang praised SolarWinds for its strong industry presence and history of innovation, stating that the firm is excited to support its next phase of growth. He emphasized that SolarWinds' commitment to solving customer challenges has driven its long-term success, and this partnership will help accelerate further advancements in IT management solutions. The acquisition has been unanimously approved by SolarWinds' Board of Directors and is expected to close in the second quarter of 2025, pending regulatory approvals and customary closing conditions. Majority shareholders Thoma Bravo and Silver Lake, holding approximately 65% of SolarWinds' outstanding voting securities, have approved the transaction through written consent, eliminating the need for additional shareholder approval. Upon completion, SolarWinds will become a privately held company and will no longer be listed on the New York Stock Exchange. The company will continue operating under the SolarWinds name and remain headquartered in Austin, Texas. Goldman Sachs & Co. LLC and Jefferies LLC acted as financial advisors to SolarWinds, with DLA Piper LLP (US) providing legal counsel. J.P. Morgan, Barclays, Santander, and RBC Capital Markets advised Turn/River Capital, with Kirkland & Ellis LLP serving as legal counsel. Due to the pending acquisition, SolarWinds has canceled its scheduled earnings call for Q4 and full-year 2024 results, originally set for February 11, 2025. However, the company will still report its financial results on or before February 14, 2025. The transaction positions SolarWinds for continued growth, strengthening its ability to deliver innovative, secure, and scalable IT management solutions.
Yahoo
10-02-2025
- Business
- Yahoo
Turn/River Capital to acquire US-based SolarWinds for $4.4bn
Private equity firm Turn/River Capital has agreed to acquire SolarWindsin, a provider of secure observability and IT management software, in a deal worth $4.4bn. This move will transition SolarWinds from a public entity to a privately held company. The acquisition price of $18.50 per share cash represents a premium of roughly 35% over the volume-weighted average closing price of SolarWinds' stock during the 90 trading days up to 6 February 2025. The equity value of the go-private transaction is calculated at $3.16bn, according to Reuters. Scheduled to close in the second quarter of 2025, the deal has garnered unanimous approval from the SolarWinds board of directors. It is contingent on regulatory approvals and other standard closing conditions. Thoma Bravo and Silver Lake, who together own about 65% of SolarWinds' outstanding voting securities, have consented to the transaction in writing. Following the closure of the transaction, SolarWinds will delist from the New York Stock Exchange. It will continue its operations as a private entity, maintaining its brand and headquarters in Austin, Texas. Turn/River Capital founder and managing partner Dominic Ang said: 'SolarWinds is a global leader in software that helps a wide range of businesses securely manage and optimize their systems, networks, and IT infrastructure. Their deep commitment to understanding and solving customer needs has led to decades of innovation, impact, and consistent growth. 'We are incredibly excited to partner with SolarWinds. By pairing our team of software operators and investors with their relentless focus on customer success, together we aim to accelerate growth and further innovation.' Goldman Sachs & Co. served as the primary financial advisor to SolarWinds, with additional advisory services provided by Jefferies. DLA Piper LLP (US) was the legal advisor for SolarWinds. Turn/River was advised by J.P. Morgan, Barclays, Santander, and RBC Capital Markets for financial matters, while Kirkland & Ellis LLP offered legal counsel. SolarWinds president and CEO Sudhakar Ramakrishna said: 'We now look forward to partnering with Turn/River to deliver operational resilience solutions for our customers on our SolarWinds Platform, leveraging our premier observability, monitoring, and service desk solutions.' "Turn/River Capital to acquire US-based SolarWinds for $4.4bn" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
08-02-2025
- Business
- Yahoo
Why SolarWinds (SWI) Went Up On Friday?
We recently published a list of . In this article, we are going to take a look at where SolarWinds Corporation (NYSE:SWI) stands against other firms that posted double-digit gains on Friday. The stock market fell into the red territory on Friday, with all major indices recording losses over renewed fears of growing trade tensions coupled with expectations of a higher inflation rate in the US. The Dow Jones lost 0.99 percent, the S&P 500 declined 0.95 percent, while the tech-heavy Nasdaq dived by 1.36 percent. Despite the overall pessimistic sentiment, 10 companies managed to defy losses, posting double-digit gains in their valuations amid a flurry of impressive earnings performance. To come up with Friday's top winners, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume. A systems administrator sitting at their desk surrounded by computer monitors, overseeing a complex infrastructure. SolarWinds Corporation (NYSE:SWI) surged by 21.82 percent on Friday to end at $18.31 apiece as investors gobbled up shares to secure profits following the company's planned delisting from the stock exchange. In a statement, SolarWinds (NYSE:SWI) said it reached an agreement with Turn/River Capital to be acquired by the latter for $4.4 billion. The tender offer was priced at $18.5 apiece, representing a 35-percent premium over its average closing price in the past 90 days. SolarWinds (NYSE:SWI) said the acquisition was expected to be completed by the second quarter of 2025. Its majority shareholders, Thoma Bravo and Silver Lake, which control 65 percent of SWI, have already given their written consent for the acquisition. 'We now look forward to partnering with Turn/River to deliver operational resilience solutions for our customers on our SolarWinds Platform, leveraging our premier observability, monitoring, and service desk solutions,' said SWI President and CEO Sudhakar Ramakrishna. Overall, SWI ranks 3rd on our list of firms that posted double-digit gains on Friday. While we acknowledge the potential of SWI as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SWI but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap Disclosure: None. This article is originally published at Insider Monkey.
