SolarWinds Corporation, 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. Under the terms of the agreement, SolarWinds shareholders will receive $18.50 per share, representing a 35 percent premium. Sudhakar Ramakrishna, President and CEO of SolarWinds, expressed confidence in the acquisition, emphasizing that the partnership with Turn/River will help strengthen the company’s operational resilience solutions. He highlighted SolarWinds' commitment to providing secure and efficient software for hybrid and multi-cloud environments, ensuring continued innovation and customer success.
Dominic Ang, Founder and Managing Partner of Turn/River Capital, recognized SolarWinds' long-standing commitment to helping businesses manage their IT infrastructure effectively. He noted that Turn/River’s expertise in scaling software companies aligns with SolarWinds' goals, aiming to drive growth and enhance product offerings. SolarWinds provides IT management and observability solutions to businesses of all sizes. The company engages closely with IT professionals to address challenges in managing hybrid and distributed environments. Through this acquisition, SolarWinds intends to expand its capabilities and maintain its focus on delivering reliable solutions for IT operations and digital transformation.
