SolarWinds Sold for $4.4 Billion: From Cyber Blunder to Capital Plunder!
SolarWinds, famous for the 2020 cyberattack drama, is being acquired by Turn/River Capital for $4.4 billion. The Sunburst Attack’s impact lingers, with the SEC still hot on the company’s trail. SolarWinds will go private but promises to keep innovating. The plot thickens as cybersecurity lessons remain unlearned.
Hot Take:
SolarWinds is now taking a victory lap with a $4.4 billion sale, proving that even after a massive cyberattack, you can still sell yourself for a pretty penny, provided you have the right backers. Who knew that getting hacked could be so profitable?
Key Points:
- SolarWinds is being acquired by Turn/River Capital for $4.4 billion.
- The company will go private and delist from the New York Stock Exchange.
- The infamous 2020 Sunburst cyberattack affected 33,000 customers, including the US government.
- The SEC charged SolarWinds and its CISO with fraud over cybersecurity lapses.
- SolarWinds will continue to operate under its own name, headquartered in Austin, Texas.
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