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SolarWinds ( (SWI) ) has shared an update.
On February 7, 2025, SolarWinds Corporation announced its acquisition by Turn/River Capital in an all-cash transaction valued at approximately $4.4 billion, offering $18.50 per share to shareholders. This transaction, approved by SolarWinds’ Board and majority shareholders, will result in the company going private, with its stock delisted from the New York Stock Exchange. The acquisition signifies a strategic move for SolarWinds to enhance operational resilience and customer value, leveraging Turn/River’s expertise to drive further growth and innovation, while maintaining its headquarters in Austin, Texas.
More about SolarWinds
SolarWinds Corporation is a leading provider of simple, powerful, secure observability and IT management software. The company focuses on enabling digital transformation for various organizations by offering comprehensive solutions for modern, distributed, and hybrid network environments. SolarWinds engages with IT professionals to address challenges in maintaining high-performing IT infrastructures, providing solutions for observability, IT service management, application performance, and database management.
YTD Price Performance: 5.70%
Average Trading Volume: 515,476
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.56B
See more data about SWI stock on TipRanks’ Stock Analysis page.