N-able Acquires Spinpanel to Accelerate Cloud Strategy

Rhea-AI Summary

N-able, Inc. (NYSE: NABL) has acquired Spinpanel, a Microsoft Cloud management and automation platform. This strategic acquisition targets labor scarcity and the shift toward cloud solutions by providing N-able's partners with enhanced tools for managing Microsoft Cloud services. Spinpanel's technology aims to simplify complex IT environments and help partners scale their offerings. The integration of Spinpanel’s solutions into N-able's portfolio is expected to occur in Q3 2022, enhancing value for both N-able partners and Spinpanel customers.

Positive

• Acquisition of Spinpanel enhances N-able's cloud management capabilities.
• Addresses labor scarcity and complexity in IT environments.
• Expected integration of Spinpanel into N-able's portfolio will provide partners with better tools and resources.
• Increased access for Spinpanel customers to N-able's scalable solutions.

Negative

• None.

Acquisition of trusted Microsoft Cloud management and automation platform company addresses rapid shift to cloud, labor scarcity in market

BURLINGTON, Mass.--(BUSINESS WIRE)-- N-able, Inc. (NYSE: NABL), a global software company helping IT services providers deliver remote monitoring and management, data protection as-a-service, and security solutions, today announced it has acquired Spinpanel. A multi-tenant Microsoft 365 management and automation platform built for Microsoft Cloud Solution Providers (CSPs) to automate the provisioning, security, and management of all Microsoft tenants, users, and licenses in a single consolidated hub, Spinpanel helps direct and indirect CSPs reduce complexity, bring efficiency, and profitably scale their Microsoft business.

Founded in 2015 as a spin-off of an innovative direct CSP, Spinpanel is used by a growing number of Microsoft partners and IT organizations across the globe. A significant majority of N-able partners manage and/or resell Microsoft Cloud services for their small and medium enterprise customers. The acquisition will help N-able partners alleviate two macro challenges—labor scarcity and moving to the cloud—to help partners tame the Microsoft Cloud and drive more value for their customers. In turn, Spinpanel customers will have more direct access to the N-able portfolio of powerful, scalable solutions and free educational and marketing resources to help them excel at every stage of growth. The addition of the Spinpanel technology into the N-able product portfolio is anticipated to occur during the third quarter. Further details regarding the transaction were not disclosed.

“The ‘cloud’ is no longer a talk track in presentations; it’s an adoption speedway for IT professionals,” said John Pagliuca, President and CEO of N-able. “However, while the cloud presents an enormous opportunity, it also adds to the increasing complexity of IT environments, and that coupled with labor shortages can undermine its full potential. We believe the addition of Spinpanel to our team will help our partners optimize the value of their Microsoft Cloud products and, in turn, give Spinpanel customers access to a wider array of IT management and security solutions. We are excited to welcome Spinpanel to the N-able family.”

“We are thrilled to be joining the N-able team so we can extend the vision we’ve had for our Microsoft Cloud enablement technology and get it into the hands of an even greater pool of CSPs and IT professionals,” stated Bendert Post, Spinpanel CEO. “There is no reason why the cloud should be out of reach, including Microsoft Cloud which dominates most of the IT world. It’s really a matter of having the ability to harness its full capabilities while centralizing the ability to manage it. We’re making that vision a reality and we know our customers will also appreciate the wider breadth and depth we will bring as N-able, together.”

About N-able

N-able fuels IT services providers with powerful software solutions to monitor, manage, and secure their customers’ systems, data, and networks. Built on a scalable platform, we offer secure infrastructure and tools to simplify complex ecosystems, as well as resources to navigate evolving IT needs. We help partners excel at every stage of growth, protect their customers, and expand their offerings with an ever-increasing, flexible portfolio of integrations from leading technology providers. n-able.com

© 2022 N-able Solutions ULC and N-able Technologies Ltd. All rights reserved.

Category: Company

View source version on businesswire.com: https://www.businesswire.com/news/home/20220706005251/en/

Kim Cecchini

kim.cecchini@n-able.com

Source: N-able, Inc.

FAQ

What is the significance of N-able's acquisition of Spinpanel?

The acquisition is significant as it enhances N-able's capabilities in managing Microsoft Cloud services, addressing labor shortages, and simplifying IT management for its partners.

When will the Spinpanel technology be integrated into N-able's offerings?

The integration of Spinpanel's technology into N-able's product portfolio is anticipated to occur during the third quarter of 2022.

How will the acquisition impact N-able's partners?

N-able's partners will gain improved tools and resources to manage Microsoft Cloud services, helping them to scale their operations and better serve their customers.

What are the expected benefits for Spinpanel customers after the acquisition?

Spinpanel customers will benefit from direct access to N-able's broader portfolio of IT management and security solutions.