SolarWinds Acquired by Turn/River in $4.4B Deal
Summary
“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,” said Sudhakar Ramakrishna, president and CEO of SolarWinds. “We are excited to partner with SolarWinds to build on this momentum, investing further in product innovation and empowering organizations worldwide to thrive in an era of rapid technological change,” said Amico. On Turn/River’s side, J.P. Morgan, Barclays, Santander, and RBC Capital Markets acted as financial advisors, while Kirkland & Ellis handled legal matters. PE firms are increasingly focusing on established software companies that have reliable revenue but may not be performing well on the stock market. Discover how another company, Omega Systems, is leveraging private equity investment to drive growth and innovation in managed IT and compliance services.
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