Private equity firm Turn/River Capital has acquired SolarWinds through a $4.4 billion transaction that turns the IT management software provider into a privately held company.
In a joint release published Wednesday, the companies said SolarWinds shareholders received $18.50 in cash per share under the transaction.
Upon the deal’s closing, SolarWinds’ common stock stopped trading on the New York Stock Exchange.
Achieving Operational Resilience in Hybrid IT Environments
Sudhakar Ramakrishna, president and CEO of SolarWinds, said Turn/River’s expertise will help the company drive innovation and bring greater value to stakeholders and clients.
“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,” Ramakrishna noted.
Matthew Amico, partner at Turn/River Capital, said the firm is excited to partner with SolarWinds and will further invest in product innovation to support organizations amid rapid technological changes.
“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,” Amico stated.
Supporting Public Sector Organizations
SolarWinds supports defense, civilian, state and local government agencies, healthcare and educational institutions by providing them innovative tools designed to accelerate digital modernization efforts and improve operations.
The Austin, Texas-based company helps public sector organizations improve the resilience and ensure the security of hybrid IT environments through its observability, database performance and IT service management offerings.