Harris Williams Advises SentryOne on its Pending Sale to SolarWinds
October 28 2020 - 9:13AM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces that it is advising SentryOne,
a portfolio company of Mainsail Partners, on its pending sale to
SolarWinds (NYSE: SWI). SentryOne is a leading provider of
mission-critical database performance monitoring and DataOps
software for the Microsoft Data Platform, including SQL Server,
Azure SQL Database and AWS RDS for SQL Server. The transaction is
being led by Tyler Dewing, Priyanka Naithani, Ryan Costa and
Rebecca Evans of the Harris Williams Technology, Media &
Telecom (TMT) Group.
“SentryOne has established itself as an industry leader in
database performance monitoring and management software. As user
experience becomes mission-critical in an increasingly digital and
remote environment, the market opportunity is tremendous,” said
Priyanka Naithani, a director at Harris Williams. “The company is
also seeing strong tailwinds from the adoption of Microsoft
technologies across public and private cloud. This highly strategic
combination will allow SolarWinds to serve the full needs of the
mid-market and better serve larger enterprises.”
SentryOne is a technology company whose award-winning solutions
empower Microsoft data professionals to achieve breakthrough
performance across physical, virtual and cloud environments. Over
the years, SentryOne has developed cutting-edge capabilities to
optimize SQL Server performance, including its popular free query
tool, Plan Explorer. The company was founded by Greg Gonzalez and
Ken Teeter in 2004 as SQL Sentry LLC.
Mainsail Partners is a growth equity firm based in San Francisco
that invests in growing, founder-led software companies. The firm
has raised over $1.2 billion and invested in more than 50 growing
companies since 2003. Mainsail has extensive experience investing
in enterprise software companies across numerous sectors, including
vertical SaaS, financial technology, information services
technology, infrastructure software, healthcare IT and security
software. The firm’s approach to driving value creation is anchored
in a dedicated operations team that is purpose-built to help
founders scale their businesses and accelerate growth. These women
and men include former software company operators who leverage
real-world experience, well-established best practices and a true
partnership ethos to support management teams.
SolarWinds is a leading provider of powerful and affordable IT
management software. Its 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. The company continuously engages 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.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams TMT Group advises leading private and public
companies, entrepreneurs, private equity firms and venture capital
firms on mergers and acquisitions and capital-raising transactions
worldwide. The TMT Group has deep domain expertise in the IT
Services, Software/SaaS and Internet & Digital Media segments,
with particular emphasis on specific verticals including education
technology, data analytics, energy technology, fintech, public
sector, and supply chain/logistics—with a dedicated healthcare
technology (HCIT) practice. Across verticals, the firm also advises
technology services and networking solutions businesses. For more
information on the TMT Group and its recent transactions, visit the
TMT Group’s section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
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For media inquiries, please contact Julia Moore at
media@harriswilliams.com.
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