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Silver Lake, Thoma Bravo To Take Solarwinds Private In $4.5 Billion Deal

Champ Kind

By Champ Kind,
in Tech News

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Champ Kind Omniscient Member

Champ Kind

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(Reuters) - SolarWinds Inc said on Wednesday it agreed to be taken private by investment firms Silver Lake Partners and Thoma Bravo LLC for $4.5 billion, joining a growing list of enterprise software makers going private. SolarWinds earlier this month said it was exploring strategic alternatives after Reuters reported that the company was in talks to sell itself. Based in Austin, Texas, SolarWinds provides IT infrastructure management software to small businesses, government agencies and educational institutions worldwide.

 

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