N-able Appoints New General Manager and New Vice President of Product Management for Data Protection Business

Rhea-AI Summary

N-able (NYSE: NABL) has appointed Chris Groot as General Manager and Stefan Voss as VP of Product Management to enhance its data protection services. These leadership changes aim to bolster N-able's strategy in the rapidly expanding Data Protection-as-a-Service (DPaaS) market, projected to grow from $7.7B in 2020 to $15.3B by 2024. The company emphasizes a cloud-first approach, providing streamlined backup solutions that simplify data protection for managed services providers (MSPs) while aiming to reduce downtime and costs for customers.

Positive

• Appointment of Chris Groot as General Manager with a focus on sustainable growth.
• Stefan Voss's role as VP of Product Management to drive business expansion.
• Strategic commitment to a cloud-first approach in a rapidly growing DPaaS market.

Negative

• None.

Global MSP provider adds two positions to transform data protection as a service and accelerate cloud-first strategy

DURHAM, N.C.--(BUSINESS WIRE)-- N-able, Inc. (NYSE: NABL), the purpose-built technology partner for managed services providers (MSPs), today announced the appointment of two new leaders to its backup business. Chris Groot was formerly VP of sales and go-to-market for N-able and has been promoted to general manager. He will lead all key functions critical to delivering long-term, sustainable growth, including strategy and product development. Stefan Voss has been named VP of product management. In this newly created role, he will help drive the data protection business in a growing market segment with tremendous upside. These appointments underscore N-able’s commitment to helping its partners better protect both their own businesses and those of their customers.

Continuing the industry transformation to a cloud-first approach to backup, N-able is at the forefront of the rapidly growing data protection-as-a-service (DPaaS) market. According to the November 2020 IDC Worldwide Data Protection as a Service Forecast, the DPaaS market is expected to grow from $7.7B in 2020 to $15.3B in 2024.

N-able’s backup solutions will give customers the flexibility to modernize data protection—from rapid restore to ransomware recovery to long-term data retention. N-able delivers a straightforward, direct-to-cloud backup product with cloud storage included. This allows IT services providers to standardize on one solution and manage backups across many data sources from a single dashboard. N-able’s cloud-first backup solution reduces cost and complexity, enabling more simple, reliable, and efficient data protection service delivery.

“Our focus on transforming the data protection-as-a-service market with a cloud-first approach will enable businesses to modernize backup to protect their apps and data, reduce downtime, and save time and money—while technicians gain unexpected simplicity,” said Groot. “I’m looking forward to helping drive N-able’s next phase of growth and inspiring new product enhancements that our partners can depend on for a more holistic approach to data protection and security.”

“A few of the things that I’m excited about in joining N-able are our focus on managed services, our cloud-first, SaaS-based platform, and our cloud-first approach to data protection-as-a-service,” said Voss. “There are very few opportunities where you can join a company like N-able that is at the intersection of major market trends, poised for growth, and has the ability to invest in both people and technology. This will continue to drive innovation and create new opportunities for businesses of all sizes.”

About N-able

N-able empowers managed services providers (MSPs) to help small and medium enterprises navigate the digital evolution. With a flexible technology platform and powerful integrations, we make it easy for MSPs to monitor, manage, and protect their end customer systems, data, and networks. Our growing portfolio of security, automation, and backup and recovery solutions is built for IT services management professionals. N-able simplifies complex ecosystems and enables customers to solve their most pressing challenges. We provide extensive, proactive support—through enriching partner programs, hands-on training, and growth resources—to help MSPs deliver exceptional value and achieve success at scale.

n-able.com

© 2021 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/20211209005525/en/

For more information:

Mary Katherine Revels

marykatherine.revels@n-able.com

Source: N-able, Inc.

FAQ

What are the new leadership appointments at N-able?

N-able has appointed Chris Groot as General Manager and Stefan Voss as VP of Product Management.

How will the new leadership affect N-able's data protection strategy?

The new leaders will focus on a cloud-first approach to enhance data protection services and drive growth in the DPaaS market.

What is the projected growth of the DPaaS market?

The DPaaS market is expected to grow from $7.7B in 2020 to $15.3B by 2024.

What is N-able's strategy to modernize data protection?

N-able aims to modernize data protection by offering streamlined backup solutions and reducing complexity for managed services providers.