Latest news with #SudhakarRamakrishna
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
TECHx
03-04-2025
- Business
- TECHx
SolarWinds Unveils AI-Powered Upgrades for IT Resilience
SolarWinds (NYSE: SWI), an IT management firm, has introduced AI-driven enhancements to help businesses strengthen IT resilience. The latest updates improve observability, automate incident response, and accelerate issue resolution, making it easier for IT teams to manage complex hybrid environments. As companies embrace digital transformation and AI, IT teams face growing challenges like alert overload, data silos, and slow resolution times. Disruptions can impact revenue, customer trust, and brand reputation. SolarWinds' latest solutions address these issues by using AI to correlate alerts, speed up decision-making, and minimize downtime. Among the key upgrades, Squadcast Incident Response now integrates AI-powered alert isolation, on-call management, and multi-source alert correlation, reducing response times. SolarWinds Observability expands visibility across AWS, Azure, and GCP while adding AI-driven Log Insights and Root Cause Assist to detect and resolve issues faster. Meanwhile, SolarWinds Database Observability introduces AI Query Assist to optimize database performance, and SolarWinds Service Desk now automates runbook creation and enhances data compliance. 'Adapting to change is key to IT resilience,' said Sudhakar Ramakrishna, CEO of SolarWinds. 'We are committed to providing solutions that help businesses stay ahead in an evolving digital world.' With these AI-powered upgrades, SolarWinds is making IT operations more efficient, secure, and resilient in the face of growing complexity.
Forbes
02-04-2025
- Business
- Forbes
Why Actionable Data Is The Lifeline Of Modern Cyber Resilience
Operational resilience starts with making the right decisions at the right time. For businesses today, decisions often need to be made in seconds—but the consequences can last for years. Picture a major retailer's e-commerce site buckling under Black Friday traffic or a cybersecurity team racing to contain an active breach. In both cases, success—or failure—hinges both on having the right data available to make good decisions, but also on how quickly and confidently the right decisions can be made with it. Businesses are swimming in data. Logs, metrics, events, telemetry—it's everywhere. But as any security or IT leader will tell you, more data doesn't automatically mean better decisions. In fact, too much noise often leads to paralysis. That's why the organizations that thrive are those who've cracked the code on transforming raw data into clear, contextual, and actionable intelligence. And increasingly, vendors are shifting to meet that need. IT ecosystems are complex, and they can be ticking time bombs if not properly monitored and managed. When something goes wrong—whether it's a service degradation or a cyber intrusion—the clock is unforgiving. You need to know what's happening, why it's happening, and what to do next, ideally all within minutes. The paradox is that while organizations now have unprecedented visibility into their environments, they're still failing to act quickly and effectively. Why? Because the data is fragmented. Observability lives in one dashboard. Security alerts come from another. Service tickets are buried in a separate ITSM queue. The result is a scattered picture of what's actually going on. To put it plainly: visibility without actionability is useless. That's the reality driving the latest announcement from SolarWinds. The company unveiled a sweeping set of enhancements designed to unify observability, incident response, service management, and AI-powered automation into a single operational fabric. The goal: empower IT and security teams to navigate hybrid environments, resolve issues faster, and maintain business continuity in the face of mounting complexity. 'One of the biggest concerns we hear from customers is how to stay resilient amid rapid technological advancements and economic pressures,' said Cullen Childress, chief product officer at SolarWinds in a press release. 'Every new wave of change—from digital transformation to generative AI—feels like a storm threatening their business.' I spoke with SolarWinds CEO Sudhakar Ramakrishna about the challenges organizations face and how this announcement will help customers tackle them. He explained that the company's strategy is rooted in delivering best time to value. 'It's no longer enough to simply collect and display data. Organizations need a connected system that delivers meaningful insights and enables action in real time,' he explained. 'That's the foundation of operational resilience—and, increasingly, cyber resilience as well.' At the core of this update is the integration of Squadcast, which brings AI-powered alert isolation, on-call management, runbook automation, and real-time collaboration through tools like Microsoft Teams and Slack. Ramakrishna noted how this supports a proactive, structured approach to incident response—minimizing downtime and speeding up recovery. Cybersecurity is often framed in technical terms, but it's fundamentally a business decision engine. A delayed response to a breach isn't just a security issue—it's a risk to revenue, customer trust, and brand equity. The latest SolarWinds enhancements aim to shorten that response window by turning telemetry into decisions. 'We're focused on giving teams back the most valuable resource of all: time,' said Ramakrishna. 'Whether it's keeping services online during a surge or mitigating a threat, the ability to act with clarity and speed changes the game.' These innovations build on the company's Secure by Design initiative, which was implemented in response to the now infamous 2020 supply chain attack and now includes practices like ephemeral development environments, triple-build code verification, and software bill of materials transparency. 'We are now known for what we have become much more so than what has happened to us,' shared Ramakrishna, who took the reins of the company in the wake of that incident. 'There is a constant security consciousness that exists across the organization—and expediency never takes precedence over security.' According to Ramakrishna, the move toward integrated, AI-driven platforms sends a clear message: speed, not size, is the new metric for resilience. A few takeaways for IT and security leaders: Eevery second counts in business. Cyber threats evolve by the minute—or sometimes even second—and organizations cannot afford to operate in fragmented, reactive silos. The winners will be those who unify their data, automate intelligently, and empower their teams to act—not just see. As organizations strive to turn complexity into clarity, one truth is becoming inescapable: the future of resilience belongs to those who can turn insight into action before the damage is done.
Yahoo
10-03-2025
- Business
- Yahoo
Cardinal Health (NYSE:CAH) Welcomes New Independent Directors With Tech and Healthcare Expertise
Cardinal Health recently appointed Robert Musslewhite and Sudhakar Ramakrishna to its Board of Directors, which may have reinforced investor confidence, culminating in a 5% share price increase over the last quarter. These appointments enhance the company's governance with expertise from healthcare and cybersecurity sectors. Despite the Dow Jones and other major indices facing declines due to economic concerns and tariff-related uncertainty, Cardinal Health sustained positive momentum. The company's Q2 2025 earnings demonstrated an increase in net income to $400 million from $368 million YoY, and diluted EPS rose to $1.65. Additionally, the firm's affirmation of a quarterly dividend of $0.51 and their active share buyback program of $75 million indicate a commitment to returning value to shareholders, potentially contributing to the stock's upward trajectory amid a backdrop of broader market challenges. See the full analysis report here for a deeper understanding of Cardinal Health. The past five years have been rewarding for Cardinal Health's shareholders, with the company achieving a 231.41% total return, including share price appreciation and dividends. While accounting for its performance, several key developments have emerged. In 2024, Cardinal Health successfully expanded its operational footprint, opening a 350,000 sq. ft. facility in South Carolina. The earnings growth over the past year was impressive at a sensational pace compared to the healthcare industry average, contributing to a favorable outlook. Notably, the company maintained attractive valuations, trading at good value relative to both its peers and the estimated fair value, further enhancing its long-term appeal. Additionally, the successful execution of share buyback programs, with over 3.4 million shares repurchased by the end of 2024, signaled management's focus on enhancing shareholder value. Despite reporting a 4% decline in sales in early 2025, net income for the quarter increased, underscoring the company's ability to boost profitability even in challenging circumstances. Furthermore, Cardinal Health's earnings per share guidance for 2025 was raised, reflecting successful acquisitions that positively impacted revenue. Alongside strategic client partnerships, such as the agreement with T2 Biosystems for selling rapid sepsis diagnostics, these efforts have fortified the company's market position. While Cardinal Health's one-year return lagged behind the overall US market by a small margin, it markedly outpaced the US healthcare industry, which bore a 4.4% decrease over the same period. This performance underscores Cardinal Health's resilience and adaptability in a rapidly evolving landscape. Analyze Cardinal Health's fair value against its market price in our detailed valuation report—access it here. Explore the potential challenges for Cardinal Health in our thorough risk analysis report. Already own Cardinal Health? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:CAH. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
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.
