SolarWinds to Go Private for $4.4B
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TechTarget and Informa Techs Digital Business Combine.TechTarget and InformaTechTarget and Informa Techs Digital Business Combine.Together, we power an unparalleled network of 220+ online properties covering 10,000+ granular topics, serving an audience of 50+ million professionals with original, objective content from trusted sources. We help you gain critical insights and make more informed decisions across your business priorities.Software & ServicesSolarWinds to Go Private for $4.4BSolarWinds to Go Private for $4.4BFive years after a Russian APT infiltrated a software update to gain access to thousands of SolarWinds customers, the board has voted unanimously to sell at a top valuation and plans for uninterrupted operations.Dark Reading, Staff & ContributorsFebruary 7, 20251 Min ReadSOPA Images Limited via Alamy StockSolarWinds, the software and IT company that faced a major supply chain cyberattack in 2020, today announced that it will be acquired by Turn/River Capital for $4.4 billion, or$18.50 per share.Along with unanimous approval from its board of directors, the transaction also received written approval from Thoma Bravo and Silver Lake, SolarWinds' majority shareholders with a combined 65% of the outstanding voting securities.SolarWinds will become a privately held company, no longer listed on the New York Stock Exchange, though it will continue to operate under the name SolarWinds and stay headquartered in Austin, Texas.Read the Full Article on Dark ReadingAbout the AuthorDark ReadingStaff & ContributorsDark Reading: Connecting The Information Security CommunityLong one of the most widely-read cybersecurity news sites on the Web, Dark Reading is also the most trusted online community for security professionals. Our community members include thought-leading security researchers, CISOs, and technology specialists, along with thousands of other security professionals.See more from Dark ReadingNever Miss a Beat: Get a snapshot of the issues affecting the IT industry straight to your inbox.SIGN-UPYou May Also LikeWebinarsMore WebinarsReportsMore Reports
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