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.
N-able, Inc. (Symbol: NABL) is a leading global provider of comprehensive IT management, automation, and MSP (Managed Service Provider) business transformation solutions. With its flagship product, the award-winning SolarWinds® N-able N-central®, the company offers an exceptional RMM (Remote Monitoring and Management) and MSP service automation platform that helps MSPs achieve true scalability by standardizing and automating the setup and delivery of IT services.
N-able's platform is supported by extensive business enablement services, ensuring MSPs can deliver scalable, flexible, and profitable managed services to over 100,000 small and medium-sized businesses (SMBs) worldwide. The company’s solutions are utilized by thousands of MSPs globally, underscoring its significant impact on the IT services management industry.
Headquartered in North America, with additional offices in the Netherlands and Australia, N-able is 100% channel-friendly and has strategic partnerships with industry giants such as Microsoft®, Intel®, IBM®, and Cisco®. These partnerships help bolster its credibility and enhance its technological offerings. N-able Inc. focuses on providing cloud-based software solutions that enable MSPs to support digital transformation and growth for SMBs through monitoring, managing, and protecting their end-customer systems, data, and networks.
Recent achievements of the company include a growing portfolio of management, security, automation, and data protection solutions that cater specifically to IT services management professionals. The majority of N-able's revenue comes from the United States, but it also maintains a significant presence in the United Kingdom and other international regions.
In the latest company news, N-able's former North American MSP channel head, Marco La Vecchia, was appointed Chief Revenue Officer (CRO) at Produce8, a digital work analytics platform. This move highlights N-able's influence in the MSP sector and its role in nurturing top industry talent. La Vecchia's departure to Produce8, which has seen rapid adoption by leading providers, signifies the ongoing evolution and expansion within the industry.
N-able, Inc. (NYSE: NABL) has released new data showing a 56% increase in disaster recovery events related to Microsoft 365 domains and an increase in backups among its partners. This trend aligns with a reported 46.15% rise in cyberattacks in the first half of 2024 compared to 2023. Key findings include:
- 1,000 more MSPs offering backup services for Microsoft 365 with Cove
- Over 2.2 million Microsoft 365 end users protected, a 46% increase
- 42 petabytes of Microsoft 365 data backed up, up from 26 petabytes last year
The data underscores the growing importance of robust backup solutions in the face of increasing cyber threats, with 67% of surveyed MSPs expecting growth in managed backup services.
N-able, Inc. (NYSE: NABL) has been awarded a bronze Stevie® Award for Achievement in Employee Engagement in the ninth annual Stevie Awards for Great Employers. This recognition highlights N-able's commitment to creating an exceptional workplace culture and its focus on employee engagement.
The company believes that prioritizing N-ablite engagement not only establishes a world-class culture but also drives business success. Kathleen Pai, Chief People Officer at N-able, emphasized that this award demonstrates their dedication to keeping people at the center of the organization.
The Stevie Awards for Great Employers received over 1,000 nominations from 35 nations and territories this year, covering various HR-related categories. N-able's achievement in employee engagement stands out among global competitors, reinforcing its position as an employer of choice in the software industry.
N-able (NYSE: NABL) has announced its partner conference, Empower 2025, to be held in Berlin, Germany from April 7-9, 2025 at the Intercontinental Berlin. The event aims to bring together MSPs and IT professionals for knowledge sharing and industry insights. Key highlights include:
- 15+ hours of networking with industry leaders and top vendors
- Peer-to-peer learning opportunities for MSP growth
- Expertise sharing on marketing, automation, and software
- Focus on cyber-resiliency and the N-able Ecoverse
The conference is designed to provide actionable insights and real-world solutions for MSPs to enhance their businesses in the evolving IT landscape.
N-able, Inc. (NYSE: NABL) has announced new additions to its Technology Alliance Program (TAP), expanding its open MSP ecoverse. The program aims to foster innovation and efficiency for IT service providers by integrating third-party solutions with N-able's portfolio. New partnerships include:
- Bocada for Cove: Automates backup monitoring and reporting
- AlertOps for N-central: Streamlines IT operations and alert management
- DeskDay for N-central: Offers a next-gen conversational PSA with AI-powered automation
- PIXM for N-central and N-sight: Provides AI-powered phishing prevention
- Hudu for N-central and N-sight: Centralizes IT documentation and management
These integrations aim to enhance MSPs' capabilities in cybersecurity, data protection, and workflow optimization, ultimately helping them serve customers more effectively and grow their businesses.
N-able (NYSE: NABL) announced its Q2 2024 results, achieving a 13% YoY revenue increase to $119.4M. Subscription revenue grew by 13.6% YoY to $117.4M. GAAP gross margin was 84.0%, while non-GAAP gross margin stood at 84.7%. GAAP net income reached $9.5M ($0.05 per diluted share), and non-GAAP net income was $26.6M ($0.14 per diluted share). Adjusted EBITDA increased by 34.1% to $46.8M, representing a 39.2% margin. The company raised its full-year 2024 revenue outlook midpoint to $464.0M and adjusted EBITDA margin outlook to 36%. N-able was included in the MES Midmarket 100, signed the CISA Secure by Design Pledge, and partnered with MSPAlliance for cybersecurity compliance. Total cash and equivalents were $157.5M, with a total debt of $334.1M as of June 30, 2024.
N-able (NYSE: NABL) has announced enhanced Windows 365 management capabilities within its Cloud Commander solution. This multi-tenant platform now enables MSPs and CSPs to manage Microsoft users, Azure resources, Intune, and Windows 365 from a single console. Key features include:
- Viewing and managing Windows 365 Cloud PCs across various editions
- Monitoring critical parameters like provisioning status and connectivity
- Performing bulk actions such as refreshing and rebooting devices
- Managing Windows 365 licenses, including usage for shared licenses
- Accessing a unified interface for all Windows 365 Cloud PCs
This integration aims to simplify management at scale for service providers, enhancing efficiency and profitability in the rapidly growing cloud solutions market.
N-able, Inc. (NYSE:NABL), a global software company specializing in IT services solutions, has announced its upcoming second quarter 2024 earnings conference call. The call is scheduled for August 8, 2024, at 8:30 a.m. ET. Investors and interested parties can access the live webcast through the N-able Investor Relations website. The company will release its Q2 2024 earnings report before the conference call begins. A temporary replay of the webcast will be available shortly after the event concludes.
N-able, a global software firm, has signed the Cybersecurity and Infrastructure Security Agency (CISA) Secure by Design Pledge. By taking this pledge, N-able commits to integrating enhanced security measures into its products and services over the next year. This initiative highlights N-able's dedication to improving cybersecurity for its IT service provider partners and their customers.
The CISA pledge emphasizes goals such as increased multi-factor authentication, reduced use of default passwords, and better vulnerability management. N-able is the first company with a Managed Service Provider (MSP)-oriented ecosystem to commit to this pledge, reinforcing its emphasis on security and transparency.
According to Dave MacKinnon, Chief Security Officer, the pledge underscores N-able's commitment to building trust and advancing security in their technology offerings.
N-able (NYSE: NABL), a global software company specializing in IT services, has been recognized by Comparably for the third consecutive year for Best Career Growth and Best Leadership Teams. These accolades highlight the company's commitment to providing professional development opportunities and fostering a positive work environment. The awards, based on anonymous employee feedback, emphasize N-able's dedication to core values and employee satisfaction. N-able also received recognition for Best Company Outlook and Best HR Team in 2023.
N-able (NYSE: NABL), a global software company, announced its Pledge on the Responsible Use of AI, emphasizing consent, transparency, and context. The initiative aims to enhance partner data protection and intellectual property through ethical AI practices. The pledge highlights that consent is mandatory before engaging AI, and transparency in AI usage is prioritized, ensuring partners are informed. The strategy also focuses on the contextual use of AI, tailoring solutions to specific needs. N-able's AI implementation is designed to improve efficiency in partner interactions, resolution times, and system performance. Nicole Reineke, Director of AI Strategy, and Jimmy Puckett, CEO of SPINEN, underscore the importance of ethical AI and data sovereignty.
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