SolarWinds to be acquired in $4.5 billion deal
SolarWinds, an IT management software company headquartered at 7171 Southwest Parkway in Southwest Austin, announced Oct. 21 that it is slated to be acquired by investment firms Silver Lake Partners and Thoma Bravo, LLC.
Under the terms of the agreement, SolarWinds stockholders will receive $60.10 per share, or about $4.5 billion, according to a news release.
A company spokesperson said SolarWinds is not disclosing additional information about how the agreement will affect the Austin headquarters, such as staffing or relocation plans.
Becoming a private company will provide SolarWinds operating flexibility for its long-term strategy to provide products throughout the world, SolarWinds President and CEO Kevin B. Thompson said in the release.
The transaction is expected to close in the first quarter of 2016 and is subject to SolarWinds stockholders’ approval, regulatory approval and other customary closing conditions.