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SolarWinds Completes Take-Private Acquisition by Silver Lake and Thoma Bravo
SolarWinds, Inc., a leading provider of powerful and affordable hybrid IT management software, today announced that it has completed its acquisition by affiliates of Silver Lake Partners and Thoma Bravo, LLC. The acquisition is valued at approximately $4.5 billion, with SolarWinds stockholders receiving $60.10 per share in cash. With the closing of the transaction, SolarWinds common stock has ceased trading on the New York Stock Exchange under the symbol SWI.

"Today begins the next chapter in the SolarWinds story," said Kevin B. Thompson, President and Chief Executive Officer of SolarWinds. "Moving forward, SolarWinds will have greater flexibility to execute on our long-term strategy of becoming the IT management vendor of choice for managing all things IT regardless of where the IT asset or user sits, organization size or infrastructure complexity. The flexibility provided as a private company, along with Silver Lake's and Thoma Bravo's deep experience growing technology companies, make us very excited about the opportunities that lie ahead."

"We admire what SolarWinds' management team has already achieved," said Ken Hao and Mike Bingle, Managing Partners at Silver Lake. "As a private company, we believe SolarWinds has significant potential to extend and grow what is an exceptional business. We are looking forward to working alongside the management team and Thoma Bravo to help the company achieve its next phase of growth."

"The completion of this transaction marks an exciting new growth chapter for SolarWinds, and we're thrilled to partner with Kevin and his team to accelerate that expansion," said Orlando Bravo, a Managing Partner at Thoma Bravo.

"We look forward to providing the equity and strategic support for SolarWinds to pursue a more assertive, long-term organic growth and acquisition plan as a private company," added Seth Boro, a Managing Partner at Thoma Bravo.

Published Friday, February 05, 2016 3:24 PM by David Marshall
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