N-able Advances Security Suite with N-able Managed Detection and Response
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Insights
The launch of N-able Managed Detection and Response (MDR) signifies a strategic enhancement in cybersecurity offerings for managed service providers (MSPs). The integration of a security operations platform with expert services caters to the pressing need for advanced threat detection and response capabilities, especially for small and mid-sized businesses (SMBs). The provision of real-time access and collaborative tools for security events potentially elevates the standard of cyber defense among these entities.
From a cybersecurity perspective, the AI-driven threat identification and automated response mechanisms are critical in addressing the growing sophistication of cyber threats. The ability to integrate with existing IT infrastructure and support compliance requirements adds to the robustness of the solution, making it a competitive offering in the cybersecurity market. Furthermore, the scalability and pricing model of N-able MDR could enable MSPs to expand their security practices without sacrificing profitability, which is particularly relevant in the context of the reported global shortage of cybersecurity professionals.
The introduction of N-able's MDR service is poised to impact the cybersecurity market, particularly within the MSP sector. The offering aligns with industry trends emphasizing the importance of managed security services and the shift towards greater transparency and collaboration in cybersecurity operations. Canalys's report, citing the growth potential in cybersecurity services over technology sales, underscores the market opportunity that N-able is targeting.
Given the forecasted growth in managed security and integration services, N-able's MDR could capture a significant market share by addressing the needs of SMBs, a segment that often lacks the resources for comprehensive cybersecurity. This strategic move could potentially lead to an increase in demand for N-able's services, which may have a positive impact on their financial performance and attractiveness to investors.
The financial implications of N-able's MDR launch are multifaceted. For stakeholders, the short-term costs associated with the rollout and marketing of the new service will need to be weighed against the long-term revenue potential from a growing customer base. The pricing strategy aimed at building a robust security practice for MSPs without compromising profitability suggests a focus on volume growth and market penetration.
In the long-term, the ability of N-able's MDR to provide a comprehensive security solution could lead to sustained revenue streams from existing customers and attract new ones. The anticipated increase in demand for MDR services, coupled with the solution's scalability, could result in a favorable financial outlook for N-able. However, investors should monitor the adoption rate of the service and the competitive landscape, as these factors will be critical in determining the return on investment.
New offering combines a security operations platform built for collaboration and transparency, with expert human oversight to protect organizations of any size with advanced, enterprise-grade security
N-able MDR provides deep visibility and collaboration between MSPs, end-user organizations, and when needed, expert security analysts. Users across organizations all have the same, real-time access to see and/or work together on security events as they unfold – a new level of transparency that improves security and adds value to MSPs’ security offerings. With scalable technology and services, this solution is ideal for both small and large MSPs and is priced to help them build a robust security practice without compromising profitability. Managed security service providers (MSSPs), or those with strong security competency, can choose to use the platform without assistance from security analysts to deliver a managed security service operated by their own teams.
N-able MDR gives organizations of all sizes everything they need to stop advanced cyberthreats, reduce vulnerabilities, and take control of sprawling IT environments. The solution integrates with and ingests data from existing security and IT tools. Its artificial intelligence helps surface threats that otherwise go unnoticed, and with automated and human response capabilities, it goes beyond simply alerting threats to ensure they’re remediated quickly. With effective threat hunting, vulnerability management, darknet monitoring, and compliance support, the solution empowers MSPs to raise the bar for cybersecurity at small and mid-sized organizations. It helps MSPs provide an effective cybersecurity solution to organizations in the public and private sectors that most often struggle to find and afford the teams and technology required for an advanced defense.
With a continued global shortage of qualified cybersecurity professionals, demand for MDR is expected to grow this year, creating significant opportunity for MSPs. A recent report from Canalys states that the cybersecurity services opportunity will be larger than selling cybersecurity technology, with managed security services and integration services forecast to be the fastest growing areas.
“The level of transparency and collaboration that N-able MDR creates between an MSP and its clients is a unique value on its own. When you add the third layer of expertise from the highly skilled analysts available through the service, and all the capabilities that the platform provides, it offers a breadth and depth of security operations that have simply been out of reach for all but the world’s largest organizations,” said John Pagliuca, president and CEO at N-able. “Alert fatigue with increasing threats, growing regulations, and staffing challenges mean organizations need more help than ever and this gives them that critical lifeline.”
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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
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Category: Product
Forward-Looking Statements
This content may contain forward-looking statements regarding future product plans and development efforts. N-able considers various features and functionality prior to any final generally available release. Information regarding future features and functionality is not and should not be interpreted as a commitment from N-able that it will deliver any specific feature or functionality in the future or, if it delivers such feature or functionality, any time frame when that feature or functionality will be delivered. All information is based upon current product interests, and product plans and priorities can change at any time. N-able undertakes no obligation to update any forward-looking statements regarding future product plans and development efforts if product plans or priorities change.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240118897344/en/
Karla Walls
Karla.walls@n-able.com
Source: N-able, Inc.
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