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Enact Holdings to replace SolarWinds in S&P 600 at open on 4/16
Turn/River Capital is acquiring SolarWinds in a deal expected to close soon, pending final closing conditions.
Enact Holdings to replace SolarWinds in S&P 600 at open on 4/16
Turn/River Capital is acquiring SolarWinds in a deal expected to close soon, pending final closing conditions.
SolarWinds acquires incident response solution firm Squadcast, no terms
SolarWinds announced that it has signed an agreement to acquire Squadcast. Squadcast, an advanced alternative to PagerDuty and OpsGenie, unites on-call alerting and incident response along with Site Reliability Engineering SRE workflows under one hood to automate human tasks efficiently. "With the industry battles to operationally manage and control hybrid ecosystems and the massive influx of alerts, IT professionals need a more powerful solution to cut through the noise," said Cullen Childress, SolarWinds Chief Product Officer. "The addition of intelligent incident response from Squadcast to the SolarWinds Platform further accelerates MTTR, allowing practitioners to not only accelerate time to detection of incidents but to remediate those incidents in an accelerated manner, maximizing their operational resilience." "Squadcast is excited to join forces with SolarWinds to help customers make their worlds more reliable," said Amiya Adwitiya, Squadcast Founder and CEO. "By optimizing incident response with AI, customers reduce noise, enhance efficiency, and resolve incidents faster-so they can focus on what truly matters."
SolarWinds reports Q4 EPS 41c, consensus 27c
Reports Q4 revenue $210.3M, consensus $202.9M. "We ended 2024 on a high note with fourth quarter and full-year total revenue and adjusted EBITDA results that exceeded the high end of our guidance ranges," said Sudhakar Ramakrishna, CEO. "I'm pleased with the progress of our subscription-first strategy, our strong customer retention, and the continued innovation on the SolarWinds Platform... Partnering with Turn/River Capital, we believe we can invest to fast-track a broader set of SolarWinds Platform innovations and an even greater focus on customer success to help navigate the complexities of today's hybrid and multi-cloud environments."
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