Welcome to our dedicated page for N-able news (Ticker: NABL), a resource for investors and traders seeking the latest updates and insights on N-able stock.
N-able, Inc. (Symbol: NABL) is a leading global provider of comprehensive IT management, automation, and MSP (Managed Service Provider) business transformation solutions. With its flagship product, the award-winning SolarWinds® N-able N-central®, the company offers an exceptional RMM (Remote Monitoring and Management) and MSP service automation platform that helps MSPs achieve true scalability by standardizing and automating the setup and delivery of IT services.
N-able's platform is supported by extensive business enablement services, ensuring MSPs can deliver scalable, flexible, and profitable managed services to over 100,000 small and medium-sized businesses (SMBs) worldwide. The company’s solutions are utilized by thousands of MSPs globally, underscoring its significant impact on the IT services management industry.
Headquartered in North America, with additional offices in the Netherlands and Australia, N-able is 100% channel-friendly and has strategic partnerships with industry giants such as Microsoft®, Intel®, IBM®, and Cisco®. These partnerships help bolster its credibility and enhance its technological offerings. N-able Inc. focuses on providing cloud-based software solutions that enable MSPs to support digital transformation and growth for SMBs through monitoring, managing, and protecting their end-customer systems, data, and networks.
Recent achievements of the company include a growing portfolio of management, security, automation, and data protection solutions that cater specifically to IT services management professionals. The majority of N-able's revenue comes from the United States, but it also maintains a significant presence in the United Kingdom and other international regions.
In the latest company news, N-able's former North American MSP channel head, Marco La Vecchia, was appointed Chief Revenue Officer (CRO) at Produce8, a digital work analytics platform. This move highlights N-able's influence in the MSP sector and its role in nurturing top industry talent. La Vecchia's departure to Produce8, which has seen rapid adoption by leading providers, signifies the ongoing evolution and expansion within the industry.
N-able (NYSE: NABL) has acquired Adlumin, an enterprise-grade security operations platform provider, building upon their existing partnership in XDR and MDR services. The acquisition, valued at approximately $100 million in initial cash, plus additional payments and stock considerations, aims to enhance N-able's cybersecurity portfolio by integrating Adlumin's cloud-native technology with N-able's platform.
The deal includes 1.57 million shares of N-able common stock, $120 million in future cash installments, and up to $30 million in potential earn-out payments. The acquisition is expected to be immediately accretive to ARR growth and cash flow-accretive by Q4 2025.
8x8 (NASDAQ: EGHT) has appointed John Pagliuca, President and CEO of N-able (NYSE:NABL), to its Board of Directors, effective November 18, 2024. Pagliuca brings over 20 years of leadership experience in software and SaaS. His background includes executive roles at SolarWinds, LOGICNow, GFI Software, and Airvana, where he helped achieve over $500 million in revenue and led the company's IPO in 2007. With this appointment, 8x8's Board now consists of eight members.
N-able (NYSE: NABL) has announced three strategic leadership appointments to strengthen its global channel strategy: Jonathan Bartholomew as VP of Channel Sales, Paul Monaghan as VP of EMEA Sales, and Andy Hudson as VP of International Marketing. The expansion aims to support N-able's growing IT services market presence across 150 countries, focusing on enhancing relationships with distributors, resellers, and MSPs. The new leaders will help develop localized channel programs to improve scalability and responsiveness to market demands, particularly in security and IT management solutions delivery.
N-able (NYSE:NABL) reported strong Q3 2024 results with total revenue reaching $116.4 million, representing 8.3% year-over-year growth. Subscription revenue grew 9.3% to $115.0 million. The company achieved a GAAP gross margin of 82.9% and reported GAAP net income of $10.8 million. Adjusted EBITDA increased 22.7% to $44.8 million, with a margin of 38.5%. The company maintains a strong financial position with $174.4 million in cash and cash equivalents. N-able has updated its full-year 2024 revenue outlook to $462M and raised its adjusted EBITDA margin outlook to 37%.
N-able (NYSE: NABL) has introduced Fortified Copies, a new feature in its Cove Data Protection solution that provides automatic backup immutability without additional costs or management overhead. The feature creates hourly immutable backups across all devices and retains them for 30 days, protecting against ransomware attacks that target backup systems. Unlike traditional immutability solutions that require WORM locking or object storage, Fortified Copies leverages Cove's cloud-based architecture to provide enhanced cyber resilience without the associated storage and administrative costs. This development aligns with N-able's Ecoverse vision for streamlined IT management.
N-able (NYSE:NABL) has scheduled its third quarter 2024 earnings conference call for November 7, 2024, at 8:30 a.m. ET. The company, which provides software solutions for IT services providers, will release its Q3 2024 financial results before the conference call. A live webcast will be available on the N-able Investor Relations website, with a temporary replay accessible after the event.
N-able (NYSE: NABL) has launched expanded global compliance initiatives to support IT service providers with cybersecurity framework requirements. The company introduced measures including NIST 800-171 Attestation, FIPS 140-3 expansion, enhanced audit logging, and a separated hosted environment specifically designed for CMMC 2.0 compliance. The initiatives aim to help partners meet requirements across various frameworks including CMMC 2.0, NIS2, Cyber Essentials, and Essential Eight. N-able is also establishing a Global Compliance Advisory Council and a compliance resource library to support partners in their regulatory compliance journey.
N-able (NYSE: NABL) has been named a Great Tech Place to Work winner by NC Tech, North Carolina's only statewide technology awards program. The company, which provides software solutions for IT services providers, was recognized for its exceptional workplace culture. N-able emphasizes Diversity, Equality, and Belonging (DEB) with employees from nearly 15 countries, offers professional development opportunities, and implements comprehensive wellness programs. The company's culture is built around core values including N-rich Lives, N-spire Others, and N-joy the Journey.
Top Down Ventures, a venture capital firm led by Chris Day, has announced the first close of its US$25M Founders Fund, targeting early-stage SaaS companies in the Managed Service Provider (MSP) sector. The fund combines capital investment with operational expertise and a proven scaling playbook. General Partners Chris Day, Joel Abramson, and Mark Scott bring extensive experience from successful MSP companies.
The fund focuses on SaaS companies with $1M+ in annual recurring revenue, offering Seed or Series A investments up to $3M. With a network of experienced Partners and Operating Advisors, Top Down aims to amplify portfolio companies' success. The firm's venture studio model provides guidance in product development, go-to-market strategies, and team building, supporting founders with both strategic and tactical expertise.
N-able, Inc. (NYSE: NABL), a global software company specializing in IT services solutions, has been recognized by Comparably with three awards: Best Company Happiest Employees, Best Company Perks and Benefits, and Best Company Work-Life Balance. These awards are based on anonymous feedback from current employees over the past 12 months.
N-able's success is attributed to its focus on employee experience, guided by core values and regular input from staff. The company emphasizes Total Rewards, Learning and Development, and Diversity, Equality and Belonging initiatives. Earlier this year, N-able also received Comparably awards for Best Career Growth, Best Leadership Teams, Best Company Outlook, and Best HR Team.
Kathleen Pai, Chief People Officer at N-able, stated that these recognitions reflect the company's commitment to fostering a positive work environment and driving innovation through employee-centric practices.
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