SolarWinds to be Acquired by Turn/River Capital for $4.4 Billion: A New Era of Innovation and Partnership
SolarWinds Set to Be Acquired by Turn/River Capital in $4.4 Billion Deal
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In a significant shift for the technology landscape, SolarWinds, a leader in IT management software, has entered into a definitive agreement to be acquired by Turn/River Capital for approximately $4.4 billion. The transaction, unanimously approved by SolarWinds’ Board of Directors, signifies a bold move for both companies, with the acquisition expected to close in the second quarter of 2025, pending regulatory approvals.
Sudhakar Ramakrishna, President and CEO of SolarWinds, expressed optimism about the partnership, stating, “We have built a great track record of helping customers accelerate business transformations through simple, powerful, secure solutions.” He emphasized a mutual goal: to enhance operational resilience solutions on their SolarWinds Platform, leaning on their robust observability, monitoring, and service desk offerings.
Turn/River Capital’s Founder and Managing Partner, Dominic Ang, echoed this sentiment, highlighting SolarWinds’ commitment to customer success and years of innovation. “We are incredibly excited to partner with SolarWinds,” Ang said. “Together, we aim to accelerate growth and further innovation.”
As part of the deal, SolarWinds will transition from a publicly traded company to a privately held entity, with its common stock delisted from the New York Stock Exchange upon completion. Despite this change, the company will continue to operate under its well-established name and maintain its headquarters in Austin, Texas.
The deal has received the backing of major shareholders, Thoma Bravo and Silver Lake, who hold 65% of SolarWinds’ voting shares, ensuring a smooth transition without the need for additional shareholder approvals.
With strong financial advisors from both sides, this acquisition marks a pivotal advancement in SolarWinds’ mission to deliver unmatched solutions and support for its diverse clientele in an evolving digital landscape.