SolarWinds has completed its acquisition by affiliates of Silver Lake Partners and Thoma Bravo, LLC.
The acquisition is valued at approximately $4.5 billion, with SolarWinds stockholders receiving $60.10 per share in cash. With the closing of the transaction, SolarWinds common stock has ceased trading on the New York Stock Exchange under the symbol SWI.
“Today begins the next chapter in the SolarWinds story,” said Kevin B. Thompson, President and CEO of SolarWinds. “Moving forward, SolarWinds will have greater flexibility to execute on our long-term strategy of becoming the IT management vendor of choice for managing all things IT regardless of where the IT asset or user sits, organization size or infrastructure complexity. The flexibility provided as a private company, along with Silver Lake’s and Thoma Bravo’s deep experience growing technology companies, make us very excited about the opportunities that lie ahead.”
"We admire what SolarWinds’ management team has already achieved,” said Ken Hao and Mike Bingle, Managing Partners at Silver Lake. “As a private company, we believe SolarWinds has significant potential to extend and grow what is an exceptional business. We are looking forward to working alongside the management team and Thoma Bravo to help the company achieve its next phase of growth."
“The completion of this transaction marks an exciting new growth chapter for SolarWinds, and we’re thrilled to partner with Kevin and his team to accelerate that expansion,” said Orlando Bravo, a Managing Partner at Thoma Bravo.
“We look forward to providing the equity and strategic support for SolarWinds to pursue a more assertive, long-term organic growth and acquisition plan as a private company,” added Seth Boro, a Managing Partner at Thoma Bravo.
The Latest
Broad proliferation of cloud infrastructure combined with continued support for remote workers is driving increased complexity and visibility challenges for network operations teams, according to new research conducted by Dimensional Research and sponsored by Broadcom ...
New research from ServiceNow and ThoughtLab reveals that less than 30% of banks feel their transformation efforts are meeting evolving customer digital needs. Additionally, 52% say they must revamp their strategy to counter competition from outside the sector. Adapting to these challenges isn't just about staying competitive — it's about staying in business ...
Leaders in the financial services sector are bullish on AI, with 95% of business and IT decision makers saying that AI is a top C-Suite priority, and 96% of respondents believing it provides their business a competitive advantage, according to Riverbed's Global AI and Digital Experience Survey ...
SLOs have long been a staple for DevOps teams to monitor the health of their applications and infrastructure ... Now, as digital trends have shifted, more and more teams are looking to adapt this model for the mobile environment. This, however, is not without its challenges ...
Modernizing IT infrastructure has become essential for organizations striving to remain competitive. This modernization extends beyond merely upgrading hardware or software; it involves strategically leveraging new technologies like AI and cloud computing to enhance operational efficiency, increase data accessibility, and improve the end-user experience ...
AI sure grew fast in popularity, but are AI apps any good? ... If companies are going to keep integrating AI applications into their tech stack at the rate they are, then they need to be aware of AI's limitations. More importantly, they need to evolve their testing regiment ...
If you were lucky, you found out about the massive CrowdStrike/Microsoft outage last July by reading about it over coffee. Those less fortunate were awoken hours earlier by frantic calls from work ... Whether you were directly affected or not, there's an important lesson: all organizations should be conducting in-depth reviews of testing and change management ...
In MEAN TIME TO INSIGHT Episode 11, Shamus McGillicuddy, VP of Research, Network Infrastructure and Operations, at EMA discusses Secure Access Service Edge (SASE) ...
On average, only 48% of digital initiatives enterprise-wide meet or exceed their business outcome targets according to Gartner's annual global survey of CIOs and technology executives ...
Artificial intelligence (AI) is rapidly reshaping industries around the world. From optimizing business processes to unlocking new levels of innovation, AI is a critical driver of success for modern enterprises. As a result, business leaders — from DevOps engineers to CTOs — are under pressure to incorporate AI into their workflows to stay competitive. But the question isn't whether AI should be adopted — it's how ...
