N-able, Inc. - NABL STOCK NEWS

N-able (NYSE: NABL) has expanded its Technology Alliance Program (TAP) with new vendor partnerships, strengthening its Ecoverse vision. The company announced integrations with CYRISMA, Cork, vCIOToolbox, and ImmyBot, enhancing MSPs' capabilities in cybersecurity, compliance, and automation.

Key integrations include: Cork's cyber warranty solution with RMM integration for risk monitoring; ImmyBot's automation tools for N-central agent deployment; vCIOToolbox's unified platform for security and compliance management; and CYRISMA's cybersecurity platform integration with MSP Manager for streamlined operations.

These partnerships aim to provide MSPs with greater flexibility and choice in technology solutions, enabling them to better serve their customers' evolving needs in cyber resilience, compliance, and operational efficiency.

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.