A California-based private equity firm is paying shareholders $18.50 per share in cash, a deal equaling about $4.4 billion.

SolarWinds is set to be acquired by San Francisco-based private equity firm Turn/River Capital in an all-cash transaction ...

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impact, and consistent growth," said Dominic Ang, Founder and Managing Partner of Turn/River Capital. "We are incredibly excited to partner with SolarWinds. By pairing our team of software ...

SolarWinds will become a privately held company following its acquisition by Turn/River Capital for $4.4 billion in cash.

In 2020, SolarWinds was breached in a hacking attack tied to the Russian government. Its customers at the time included the State Department, the FBI and all five branches of the US military.