AUSTIN, Texas--(BUSINESS WIRE)--SolarWinds (NYSE:SWI), a leading provider of powerful and affordable IT management software, today announced it has signed a definitive agreement to acquire SentryOne, a leading technology provider of database performance monitoring and DataOps solutions on SQL Server, Azure SQL Database, and the Microsoft Data Platform. Over the past 16 years, SentryOne has built a strong, well-respected product portfolio guided by a customer-centric model well-aligned to SolarWinds’ mission and commitment to the IT professional community. The SentryOne offering complements the on-premises and cloud-native database management offerings SolarWinds has today to serve the full needs of the mid-market and better serve larger organizations. The expected addition of the SentryOne products to the SolarWinds portfolio also will amplify the depth and breadth of support SolarWinds can offer for Microsoft and Microsoft Azure environments.
“For over 20 years, SolarWinds has been committed to ensuring that we bring to market a wide range of products designed to help IT pros solve the toughest IT infrastructure management challenges. As applications and data continue to grow in complexity and volume, database management has become a critical function to businesses of all sizes and types,” said Kevin B. Thompson, chief executive officer, SolarWinds. “We believe the explosion of business-critical applications, and their reliance on peak database performance, presents an opportunity for SolarWinds to continue to expand our support for IT organizations.”
Thompson continued, “We care about the database because we care about applications. Database performance is most often where the app goes wrong—whether on-premises or in the cloud. And, because databases are so critical to application performance, IT pros and business leaders from the dedicated database administrator to the ‘accidental DBA,’ from application developers and APM pros fueling their apps with data, to BI pros and business leaders who need insights to power their organizations—all rely on database performance to drive success.”
“SentryOne’s mission has been to empower the Microsoft Data Professional to achieve breakthrough performance across physical, virtual, and cloud environments. As we’ve grown, we’ve engaged with our users in much the same way SolarWinds does and expanded our offering to address the increasingly complex needs of today’s hybrid IT reality,” said Bob Potter, CEO, SentryOne. “Our focus on the needs of the Microsoft data professional empowers organizations who rely on SQL Server, Azure SQL Database, and the Microsoft Data Platform to run their organizations and ensure optimal performance, wherever their databases live.”
“We believe SentryOne’s powerful, market-leading database performance management offerings give us another compelling product to enhance our ability to serve IT professionals, particularly those who manage Microsoft environments,” Thompson said. “We believe the combination of SolarWinds and SentryOne will enable us to serve the entire spectrum of databases and related performance management challenges in a hybrid IT environment, from small businesses to the Fortune 500.”
The transaction is expected to close later this month.
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About SolarWinds
SolarWinds (NYSE:SWI) is a leading provider of powerful and affordable IT management software. Our products give organizations worldwide—regardless of type, size, or complexity—the power to monitor and manage their IT services, infrastructures, and applications; whether on-premises, in the cloud, or via hybrid models. We continuously engage with technology professionals—IT service and operations professionals, DevOps professionals, and managed services providers (MSPs)—to understand the challenges they face in maintaining high-performing and highly available IT infrastructures and applications. The insights we gain from them, in places like our THWACK community, allow us to solve well-understood IT management challenges in the ways technology professionals want them solved. Our focus on the user and commitment to excellence in end-to-end hybrid IT management has established SolarWinds as a worldwide leader in solutions for network and IT service management, application performance, and managed services. Learn more today at www.solarwinds.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking” statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements generally include statements regarding the potential transaction between SolarWinds and SentryOne, including any statements regarding the expected timetable for completing the potential transaction, the ability to complete the transaction, the receipt of any required regulatory approvals and the expected benefits and opportunities of the transaction. These forward-looking statements are based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements that are not historical facts and may be identified by terms such as “aim,” “anticipate,” “believe,” “can,” “could,” “seek,” “should,” “feel,” “expect,” “will,” “would,” “plan,” “intend,” “estimate,” “continue,” or similar expressions and the negatives of those terms. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to, the following: (i) the risk that the transaction may not be completed in a timely manner or at all, (ii) the failure to satisfy of the conditions to the consummation of the transaction, including the receipt of regulatory approvals from governmental entities (including any conditions, limitations or restrictions placed on these approvals) and the risk that one or more governmental entities may deny approval, (iii) the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive agreement with respect to the transaction, (iv) the effect of the announcement or pendency of the transaction on SolarWinds’ or SentryOne’s business relationships, operating results and business generally, (v) risks that the pending transaction disrupts current plans and operations, (vi) risks that the pending transaction diverts management’s attention from ongoing business operations (vii) risks that the transaction may not achieve some or all of any anticipated benefits, including as a result of the impacts of the global COVID-19 pandemic on the global economy or on SolarWinds’ business operations and financial condition or on the business operations and financial conditions of its customers, their end-customers and its prospective customers and (viii) such other risks and uncertainties described more fully in documents filed with or furnished by SolarWinds to the Securities and Exchange Commission, including the risk factors discussed in SolarWinds’ Annual Report on Form 10-K for the period ended December 31, 2019 filed on February 24, 2020, SolarWinds’ Form 10-Q for the quarter ended March 31, 2020 filed on May 8, 2020, SolarWinds’ Form 10-Q for the quarter ended June 30, 2020 filed on August 10, 2020 and SolarWinds Form 10-Q for the quarter ended September 30, 2020 that SolarWinds anticipates filing on or prior to November 9, 2020. All information provided in this release is as of the date hereof and SolarWinds undertakes no duty to update this information except as required by law.
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