Market Movers (8-K)
See all →SolarWinds Corporation has been acquired by Turn/River Capital for approximately $4.4 billion, resulting in the company becoming privately held and ceasing trading on the New York Stock Exchange.
Capital raise
SolarWinds announces the expiration of the Hart-Scott-Rodino Act waiting period, a key step forward in its merger with Starlight Parent, LLC, an affiliate of Turn/River Capital, L.P.
8-K: SolarWinds Announces Strong Q4 and Full Year 2024 Results; Acquisition by Turn/River Capital Pending
SolarWinds reported positive Q4 and full year 2024 financial results, exceeding guidance, and announced a definitive agreement to be acquired by Turn/River Capital for $4.4 billion.
Better than expected
SolarWinds enters a definitive agreement to be acquired by Turn/River Capital in an all-cash transaction for $18.50 per share, valuing the company at approximately $4.4 billion.
Capital raise
SolarWinds announced its third quarter 2024 financial results, showcasing 6% year-over-year revenue growth and adjusted EBITDA exceeding the high end of guidance.
Better than expected
Andrea Webb, Executive Vice President and Chief Customer Officer at SolarWinds, has resigned effective December 2, 2024, and will transition into an advisory role through February 28, 2025.
Quarterly Earnings (10-Q)
SolarWinds' Q3 2024 results show a revenue increase driven by subscription growth, despite declines in license and maintenance revenue, as the company continues its transition to a subscription-first model.
Better than expected
SolarWinds' Q2 2024 results reflect growth in subscription revenue, offset by declines in license and maintenance revenue, as the company navigates a strategic shift to a subscription-first model and addresses ongoing cybersecurity challenges.
SolarWinds' first quarter of 2024 saw a revenue increase driven by subscription growth, despite a decrease in license revenue, and a special dividend was declared.
Better than expected
Annual Reports (10-K)
SolarWinds files an amendment to its 2024 Annual Report on Form 10-K to include information required by Part III, following its merger with Starlight Parent, LLC.
SolarWinds Corporation has entered into a merger agreement with Turn/River Capital, resulting in the company becoming a privately held entity at $18.50 per share.
Better than expected
SolarWinds Corporation's 2023 annual report highlights a transition towards subscription revenue, ongoing impacts from a past cyber incident, and strategic investments in product development and security.
Worse than expected
Insider Trading (Form 4)
See all →Douglas P. Smith, a director of SolarWinds Corp, reported the disposal of 96,404 shares of common stock at $18.50 per share due to the merger with Starlight Merger Sub, Inc.
Form 4: SolarWinds Corp Completes Merger with Starlight Parent, LLC; Silver Lake Entities Dispose of Shares
Silver Lake Group and related entities report the disposition of SolarWinds Corp shares following the completion of a merger with Starlight Parent, LLC, where each share was converted into $18.50 in cash.
Thoma Bravo entities report the disposition of SolarWinds Corp shares following the completion of a merger, receiving $18.50 per share.
Thoma Bravo Special Opportunities Fund II, L.P. reports the disposition of SolarWinds Corp shares following a merger with Starlight Parent, LLC.
Director Dennis Howard reports the disposal of 92,055 shares of SolarWinds Corp common stock at $18.50 per share due to the merger with Starlight Merger Sub, Inc.
Catherine Kinney, a director of SolarWinds Corp, disposed of 103,571 shares of common stock at $18.50 per share due to the merger with Starlight Parent, LLC.
Proxy Statements (Def-14A)
SolarWinds Corporation has entered into a definitive agreement to be acquired by Starlight Parent, LLC, an affiliate of Turn/River Capital, in an all-cash transaction valued at $18.50 per share.
Capital raise
SolarWinds Corporation announces its annual shareholder meeting to be held on May 23, 2024, outlining proposals for director elections, auditor ratification, and executive compensation approval.
SolarWinds' proxy statement outlines a positive 2023 marked by strong financial performance and strategic advancements, while addressing ongoing macro challenges and future growth opportunities.