SolarWinds to Go Private for $4.4B

Summary: SolarWinds has announced its acquisition by Turn/River Capital for .4 billion, leading to its status as a privately held company. This comes in the aftermath of the significant cyberattack in 2020, which still influences the cybersecurity landscape. The Securities and Exchange Commission has taken action against SolarWinds for its failures related to the attack, indicating ongoing scrutiny of cybersecurity practices in the industry.

Affected: SolarWinds

Keypoints :

• Turn/River Capital will acquire SolarWinds for .4 billion.
• The acquisition has received support from major shareholders Thoma Bravo and Silver Lake.
• SolarWinds continues to face consequences from the 2020 cyberattack, with ongoing SEC investigations and charges related to its cybersecurity practices.
• The breach, attributed to a nation-state hacking group, compromised thousands of organizations and remains a pivotal event in cybersecurity history.