- Turn/River Capital Takes SolarWinds Private in $4.4B Deal
- Broadcom Details VMware Partner Program Enhancements
- SuperOps Earmarks $25M Series C for Endpoint, AI Tools
Each week, MSSP Alert compiles a list of the top stories in the managed services market from our affiliate brand, ChannelE2E. These stories include vendor news, business stories, how-to content about building and selling your business, news about trends such as artificial intelligence, and more. Here’s this week’s round-up of news from ChannelE2E.
Turn/River Capital Takes SolarWinds Private in $4.4B Deal
SolarWinds, the observability and IT management software vendor best known for changing the conversation about supply chain vulnerabilities after the 2020 SUNBURST attack targeting certain versions of its Orion management tools, is being
acquired by private equity firm Turn/River Capital for $4.4 billion.
Under the terms of the deal, SolarWinds will become a privately held company and its common stock will no longer be listed on the New York Stock Exchange. SolarWinds, which is based in Austin, Texas, will continue to operate under the SolarWinds name and brand under the terms of the deal.
Turn/River Capital said in a statement that it intends to accelerate growth and further innovation at SolarWinds through the acquisition, but a company spokesperson declined to comment further beyond its press release on the deal. A spokesperson from SolarWinds also declined to answer questions about the deal from ChannelE2E, including how it will affect customers and whether the sale was influenced by the earlier security breach.
Read the complete story here.Broadcom Details VMware Partner Program Enhancements
Broadcom is revamping its partner program to focus on value-based solution providers and increase profitability for its partners, according to its channel leadership team.
After the acquisition in 2023, Kaushik Ram, senior director of global partner programs at Broadcom, said 2024 was a 'transition year,' a year of migration. That meant everything from partner program progression to certification and training paused.
"We knew that it was going to be a year where we needed partners to settle down and understand things like the solution transformation, the operational system changes. So we actually kept them at the levels they were in in the VMware program," Ram said. "And we also paused any of the training and certification requirements to stay in the program. So, fundamentally, what we're doing now is providing the partners with the pathway to maintain themselves in the program, map to the new requirements and map to the transition to what we are, which is VMware by Broadcom," he said.
Read the complete story here.SuperOps Earmarks $25M Series C for Endpoint, AI Tools
With a fresh $25 million in Series C funding, MSP platform vendor SuperOps is launching a new endpoint management tool and expanding on its research and investments in its AI-based Monica tool that is used to help MSPs analyze their datasets.
The new funding round, led by March Capital with participation from existing investors Addition and Z47, brings SuperOps’ total funding to $54.4 million for the four-year-old company. The company provides an AI-powered, cloud-based unified remote monitoring and management (RMM) and professional services automation (PSA) platform for MSPs.
The new endpoint management and Monica tools are designed to help fuel the company’s expanding reach in providing new services to its MSP customers,
Arvind Parthiban, co-founder and CEO of SuperOps told ChannelE2E.
“This latest round of funding empowers us to accelerate our innovation roadmap, expanding our platform's capabilities to better serve our customers,” said Parthiban. “We are intensifying our focus on AI-driven automation, advanced endpoint management, and robust security integrations, ensuring that MSPs can operate their businesses with unprecedented efficiency and effectiveness.”
Read the complete story here.
