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.
Overview of N-Able Inc.
N-Able Inc. (NYSE: NABL) is a leading provider of cloud-based software solutions designed specifically for Managed Service Providers (MSPs). The company empowers MSPs to efficiently monitor, manage, and secure IT systems, data, and networks for small and medium-sized businesses (SMBs). With a robust portfolio of IT management, security, automation, and data protection solutions, N-Able enables MSPs to deliver scalable and profitable managed services while supporting their end-customers' digital transformation journeys.
Core Business Model
N-Able operates on a subscription-based revenue model, offering its solutions through a Software-as-a-Service (SaaS) platform. This allows MSPs to access powerful tools for remote monitoring and management (RMM), endpoint protection, data backup, and automation. By focusing on MSPs as its primary customer base, N-Able ensures its technology is tailored to meet the unique challenges of managing IT environments for multiple clients. The company's solutions are designed to enhance operational efficiency, improve service delivery, and drive business growth for MSPs.
Key Offerings
- Remote Monitoring and Management (RMM): A centralized platform that enables MSPs to monitor and manage IT infrastructure across multiple client environments.
- Security Solutions: Advanced tools for endpoint protection, threat detection, and vulnerability management to safeguard client systems.
- Automation and Workflow Optimization: Features that streamline routine IT tasks, allowing MSPs to focus on strategic initiatives.
- Data Protection: Backup and disaster recovery solutions to ensure business continuity for SMBs.
Market Position and Competitive Landscape
N-Able operates within the rapidly growing MSP software market, which is driven by increasing IT complexity, cybersecurity threats, and the shift toward cloud-based solutions. The company differentiates itself through its comprehensive platform, ease of integration, and strong channel partnerships with industry leaders such as Microsoft, Intel, IBM, and Cisco. These partnerships enhance the functionality and reliability of N-Able's solutions, making them a preferred choice for MSPs worldwide. Competitors in this space include other RMM and MSP-focused software providers, but N-Able's focus on scalability, flexibility, and profitability for MSPs gives it a competitive edge.
Geographic Reach and Customer Base
N-Able serves a global customer base, with the majority of its revenue generated in the United States. The company also has a strong presence in the United Kingdom and other international markets. Thousands of MSPs rely on N-Able's solutions to support over 100,000 SMBs worldwide, showcasing its significant footprint in the IT management space.
Strategic Partnerships
N-Able's strategic alliances with major technology companies such as Microsoft, Intel, IBM, and Cisco play a crucial role in enhancing its product offerings. These partnerships enable N-Able to integrate cutting-edge technologies into its platform, providing MSPs with innovative tools to meet the evolving needs of their clients.
Significance in the Industry
As IT environments become increasingly complex, N-Able's solutions address critical challenges faced by MSPs, such as efficient IT management, robust cybersecurity, and seamless data protection. By enabling MSPs to deliver high-quality managed services, N-Able contributes to the growth and success of SMBs, which form the backbone of the global economy. This positions N-Able as a vital player in the IT management and MSP software industry.
N-able, Inc. (NYSE:NABL) reported a robust fourth quarter with subscription revenue growing by 13% year-over-year, leading to total revenue of $89.5 million. The company maintained a dollar-based net retention rate of 110%, reflecting healthy expansion. For the full year, N-able projected 11% to 12% year-over-year revenue growth. Key highlights included strong performance in security solutions and a notable expansion of its Technology Alliance Program. Financial results showed a GAAP net income of $2.1 million for Q4 and $346.5 million total revenue for 2021.
N-able, Inc. (NYSE:NABL) announced the launch of its advanced N-able DNS Filtering service aimed at enhancing web security for managed service providers (MSPs) in a hybrid work environment. This solution allows MSPs to better protect their clients from a range of cyber threats, including phishing and ransomware. Key features include real-time identification of malicious sites, multi-client management, and robust reporting capabilities. The move responds to the increasing prevalence of DNS-based cyberattacks, with over 8,000 phishing sites reported daily according to HelpNet Security.
N-able (NYSE: NABL) and SentinelOne (NYSE: S) announced the rapid adoption of SentinelOne's EDR technology by N-able's partners, replacing outdated antivirus systems to enhance cybersecurity measures.
This shift responds to increasing cybersecurity threats, such as zero-day attacks and ransomware, especially in hybrid work environments.
SentinelOne EDR offers real-time detection, rapid rollback features, and AI-driven protection, which are critical for safeguarding over one million endpoints managed by N-able partners.
N-able, Inc. (NYSE: NABL) reported significant uptake of its N-able Backup for Microsoft 365, with over 4,000 partners using it to protect 25,000+ customer domains since its launch in December 2019. The solution automates backup processes for Exchange, OneDrive, and SharePoint, highlighting the rising necessity for SaaS backup solutions amid growing data loss risks. A recent report shows a 33% increase in organizations losing cloud-resident data. N-able stresses that this backup is now a requirement, reflecting a shift in market awareness from optional to essential services.
N-able, Inc. (NYSE:NABL) will report its fourth-quarter financial results on February 24, 2022, at 8:30 a.m. ET. A live conference call will be available for investors, along with a webcast on the company's Investor Relations website. N-able plans to participate in upcoming investor conferences, including the Berenberg Thematic Software Conference on March 2 and the William Blair Tech Innovators Conference on March 15. This follows their strategy to empower managed services providers through a flexible technology platform aimed at navigating digital evolution.
N-able (NYSE: NABL) has announced significant growth in its Technology Alliance Program (TAP), adding over 25 partners in 2021, with a focus on security solutions. The collaboration includes major tech firms like Cisco and Sophos, bringing the total partners to 65. This initiative aligns with IDC’s prediction of increased industry collaboration by 2023. The program aims to empower managed services providers (MSPs) with essential tools and training, enhancing their service offerings to clients.
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.
N-able has appointed Charles Mangin as the new Head Mac Nerd, enhancing support for managed services providers (MSPs) managing Mac devices. With over two decades of experience, Mangin will help address security vulnerabilities associated with unmanaged Macs. N-able's Head Nerds program, which includes experts in various tech fields, has significantly improved partner engagement, welcoming over 7,500 partners in 2021 alone. The initiative supports MSPs through education and resources, contributing to their business growth and success in a rapidly evolving digital landscape.
N-able, Inc. (NYSE:NABL) reported a strong third quarter, with total revenue reaching $88.4 million, reflecting a 16% year-over-year growth. Subscription revenue increased 17% to $86.1 million, bolstered by a 110% dollar-based net retention rate and a 25% rise in large customers contributing $50K ARR or more. The company achieved a GAAP net income of $1.9 million ($0.01 per share) and a non-GAAP net income of $17.2 million ($0.10 per share). N-able's cash and equivalents stood at $61.6 million, with total debt at $339.3 million.
N-able, Inc. (NYSE: NABL) has expanded its board by appointing Ann Johnson, Microsoft’s corporate vice president of security, compliance, and identity, as a director. A new cybersecurity committee has also been formed, aiming to enhance the company’s focus on protecting partners and mitigating cybersecurity risks. Johnson joins current directors Darryl Lewis and Cam McMartin on the committee. The board, led by chair William Bock, emphasizes a commitment to higher standards in cybersecurity. This strategic move is part of N-able’s ongoing evolution to empower managed services providers (MSPs).
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