SolarWinds is set to be acquired in an all-cash transaction valued at approximately $4.4 billion, with shares priced at $18.50 each, a 35% premium. The acquisition follows a tumultuous period for SolarWinds, marked by a major cyber attack attributed to a Russian group. CEO Sudhakar Ramakrishna anticipates that the deal will enhance innovations within the platform and customer support, while the company's Board and majority shareholders have unanimously approved the move. Post-acquisition, SolarWinds will become privately held and maintain its brand and Austin headquarters.
SolarWinds is being acquired for $18.50 per share in an all-cash transaction, valuing the company at approximately $4.4 billion—a significant premium for shareholders.
CEO Sudhakar Ramakrishna believes the acquisition will broaden innovations in SolarWinds' platform, enhancing support for partners and customers in hybrid cloud environments.
Collection
[
|
...
]