Turn/River Capital Acquires SolarWinds

Bain Capital Ventures and Insight Venture Partners Recapitalize SolarWinds.net

September 1, 2023

Software

Bain Capital Ventures and Insight Venture Partners completed a recapitalization of SolarWinds.net, a privately held network management and systems software developer headquartered in Tulsa, Oklahoma. The equity transaction gave Bain and Insight a majority stake while preserving management and granting equity to key personnel to support continued growth and product expansion.

Vista Equity Partners and Warburg Pincus Acquire Redwood Software from Turn/River Capital

September 10, 2024

Cloud & SaaS

Funds affiliated with Vista Equity Partners and Warburg Pincus have agreed to acquire Redwood Software from Turn/River Capital. The deal, announced September 10, 2024, will position Redwood to accelerate product development and strategic M&A as it scales its SaaS-based automation platform; terms were not disclosed.

Aptiv Acquires Wind River from TPG Capital

January 11, 2022

Software

Aptiv PLC completed the acquisition of Wind River, a provider of intelligent edge and embedded software, from TPG Capital. The transaction, announced in January 2022 and completed in early 2023, values Wind River at $3.5 billion (adjusted from an earlier $4.3 billion agreed price) and is intended to expand Aptiv's software capabilities for software-defined vehicles and other edge-to-cloud markets.

Riverwood Capital Leads $110M Growth Round in SpyCloud

August 23, 2023

Cybersecurity

SpyCloud, an Austin-based identity threat protection company, closed a $110 million growth round led by Riverwood Capital with participation from Silverton Partners. The funding will accelerate product innovation in authentication bypass prevention, expand SpyCloud’s global go-to-market teams, and grow its identity analytics and remediation capabilities.

Cisco Acquires Splunk for $28 Billion

September 21, 2023

Software

Cisco has acquired Splunk in an all-cash transaction valued at approximately $28 billion (at $157 per share). The deal brings Splunk's security, observability, and data-platform capabilities into Cisco's portfolio to accelerate Cisco's transition to recurring revenue, expand its AI-enabled security and observability offerings, and drive greater scale and customer value.

Thoma Bravo Acquires SailPoint for $6.9 Billion

August 16, 2022

Cybersecurity

Thoma Bravo completed an all-cash acquisition of SailPoint Technologies for approximately $6.9 billion, taking the identity-security software company private. The deal, providing SailPoint stockholders $65.25 per share, gives SailPoint access to Thoma Bravo’s operational resources and capital to accelerate product innovation and expand its global customer base.