SolarWinds acquired in €4.08bn deal

SolarWinds, the Texan software company with its international headquarters in Cork, has been acquired by two private equity firms for $4.5bn (€4.08bn).

Technology-focused investment firms Silver Lake Partners and Thoma Bravo teamed up to complete the buyout of the IT management software company in a deal worth $60.10 per share.

The purchase price represents a 43.5% premium on the closing price of SolarWinds common stock on October 8, the day prior to its announcement that it was exploring “strategic alternatives”.