Private-equity firms Silver Lake Partners and Thoma Bravo on Wednesday agreed to acquire SolarWinds (SWI) in a deal valued at $4.5 billion. SolarWinds sells software that helps IT departments manage their communications networks. SolarWinds stockholders will receive $60.10 per share, the companies said, nearly a 20% premium to the Austin, Texas-based company’s closing price on Tuesday. SolarWinds stock was up 16% in morning trading in the stock
SolarWinds (SWI) Friday announced it will review strategic alternatives after reports surfaced it had been approached by private-equity firms over a possible buyout. Austin, Texas-based SolarWinds sells software that helps IT departments manage their communications networks. Speculation over SolarWinds follows reports that privately held Dell is looking to acquire data-storage firm EMC (EMC). And on Thursday, activist hedge fund Elliott Management
SolarWinds (SWI) got a downgrade and its price target was lowered by several analysts Friday after the software maker late Thursday reported a Q2 revenue miss and weak guidance. SolarWinds stock was down 24% in midday trading in the stock market today, at an 18-month low below 36. “While there will be some concerns among some investors this morning that the slowing license growth in the second quarter is the start of a familiar trend, we are