AcquisitionSolarWinds to be acquired in an all-cash transaction valued at $4.4 billion, representing a 35% premium over its volume-weighted average closing price for the last 90 trading days.
Financial PerformanceSWI reported a strong quarter with nice upside to revenue and profitability, and 2024 guidance metrics were raised again, driven by ongoing strength in Subscription.
Subscription TransitionThe company has been making good progress with its perpetual maintenance to subscription transition and is seeing traction with its consolidation strategy translating to larger deal sizes.