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Transactions / S••• L••••
S••• L•••• to be Acquired by F•••••••• P••••••• for $1.7 Billion
Platform acquisitionannouncedannounced Jan 20, 2023Fact
What happened
- Target
- S••• L••••
- Platform
- not an add-on on record
- Control
- Control
- Share acquired
- unknown
- Industry
- technology / analytics, cloud, saas, technology
- Target location
- unknown
- Seller kind
- unknown
- Rollover
- unknown
Values, only where disclosed
- Enterprise value
- Not disclosed
- Purchase price
- Not disclosed
- Equity value
- Not disclosed
- Target revenue
- Not disclosed
- Target EBITDA
- Not disclosed
- Multiple
- Not disclosed
Parties and roles
7 named
Buy side
- “"We are excited to invest in S••• L•••• and support its mission to make the world's digital experiences reliable and secure," added K••• S•••, a Principal at F•••••••• P•••••••.”
- “S••• L•••• (Nasdaq: SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced that it has entered into a definitive agreement (the "Agreement") to be acquired by affiliates of F•••••••• P•••••••, a leading global investment firm that specializes in p”
Advisory side
- P••••••••• C•••••••••Legal adviserconfirmed“M••••• S•••••• • C•• L•• is serving as sole financial advisor to S••• L••••, and Wilson Sonsini Goodrich & Rosati, P••••••••• C••••••••• is serving as legal counsel.”
- K••••••• • E•••• L••Legal adviserconfirmed“K••••••• • E•••• L•• is serving as legal counsel to F•••••••• P•••••••.”
- M••••• S•••••• • C•• L••Sell-side adviserconfirmed“M••••• S•••••• • C•• L•• is serving as sole financial advisor to S••• L••••, and Wilson Sonsini Goodrich & Rosati, P••••••••• C••••••••• is serving as legal counsel.”
Side not stated
- “"Since founding S••• L•••• in 2010, we have created a trusted, cloud-native, SaaS analytics platform for observability and security, enabling our customers to transform complexity into insights and accelerate their cloud transformation adoption," said R•••• S••••, President and CEO of S••• L••••.”
- “S••• L•••• to be Acquired by F•••••••• P••••••• for $1.7 Billion”
Evidence
“S••• L•••• to be Acquired by F•••••••• P••••••• for $1.7 Billion”
Press release wires (PR Newswire, GlobeNewswire, Business Wire public pages and RSS)confidence 80%recorded Sep 15, 2026