Needham & Company Downgrades SolarWinds (SWI) to Hold Following Takeover

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SolarWinds to Be Acquired by Silver Lake and Thoma Bravo in a Transaction Valued at $60.10 per Share and Total Equity Value of $4.5 Billion

October 21, 2015 9:38 AM EDT

AUSTIN, TX -- (Marketwired) -- 10/21/15 -- SolarWinds (NYSE: SWI), a leading provider of powerful and affordable IT management software, today announced that it has entered into a definitive agreement to be acquired by leading private equity technology investment firms Silver Lake Partners and Thoma Bravo, LLC. Under the terms of the agreement, SolarWinds stockholders will receive $60.10 per share or approximately $4.5 billion in cash. The agreement was approved by SolarWinds' Board of Directors following a comprehensive review of strategic alternatives.

"This transaction recognizes the strength of our unique business model and provides our... More