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 (NYSE: NABL) has secured multiple prestigious employee-focused awards in Q4, highlighting its commitment to workplace excellence. The company received three Comparably awards: Best Company Compensation (fourth time), Best CEO (third time), and Best Company Culture (second time). Additionally, N-able won the HRO Today Association HR Team of the Year Award for the EMEA Region.
These recognitions are based on anonymous employee feedback and reflect N-able's dedication to creating an exceptional work environment. The company's success is driven by its core values of N-rich Lives, N-spire Others, and N-joy the Journey, focusing on Total Rewards, Diversity, Equality, and Belonging, alongside comprehensive Learning and Development programs.
N-able (NYSE: NABL) has been awarded as one of the Top 50 Human Resources Teams at the 2024 OnCon Icon Awards. The recognition, determined through peer and community voting, acknowledges the company's HR team for making significant organizational impact, contributing to the professional community through thought leadership, driving innovation, and demonstrating exceptional leadership.
The award highlights N-able's commitment to creating a dynamic workplace culture and excellence in career development. Kathleen Pai, Chief People Officer at N-able, emphasized the team's dedication to 'Delivering an Extraordinary N-ablite Journey' and their focus on providing support, guidance, and growth opportunities for employees.
N-able (NYSE: NABL) has expanded its Technology Alliance Program (TAP) with new vendor partnerships, strengthening its Ecoverse vision. The company announced integrations with CYRISMA, Cork, vCIOToolbox, and ImmyBot, enhancing MSPs' capabilities in cybersecurity, compliance, and automation.
Key integrations include: Cork's cyber warranty solution with RMM integration for risk monitoring; ImmyBot's automation tools for N-central agent deployment; vCIOToolbox's unified platform for security and compliance management; and CYRISMA's cybersecurity platform integration with MSP Manager for streamlined operations.
These partnerships aim to provide MSPs with greater flexibility and choice in technology solutions, enabling them to better serve their customers' evolving needs in cyber resilience, compliance, and operational efficiency.
N-able (NYSE: NABL) has acquired Adlumin, an enterprise-grade security operations platform provider, building upon their existing partnership in XDR and MDR services. The acquisition, valued at approximately $100 million in initial cash, plus additional payments and stock considerations, aims to enhance N-able's cybersecurity portfolio by integrating Adlumin's cloud-native technology with N-able's platform.
The deal includes 1.57 million shares of N-able common stock, $120 million in future cash installments, and up to $30 million in potential earn-out payments. The acquisition is expected to be immediately accretive to ARR growth and cash flow-accretive by Q4 2025.
8x8 (NASDAQ: EGHT) has appointed John Pagliuca, President and CEO of N-able (NYSE:NABL), to its Board of Directors, effective November 18, 2024. Pagliuca brings over 20 years of leadership experience in software and SaaS. His background includes executive roles at SolarWinds, LOGICNow, GFI Software, and Airvana, where he helped achieve over $500 million in revenue and led the company's IPO in 2007. With this appointment, 8x8's Board now consists of eight members.
N-able (NYSE: NABL) has announced three strategic leadership appointments to strengthen its global channel strategy: Jonathan Bartholomew as VP of Channel Sales, Paul Monaghan as VP of EMEA Sales, and Andy Hudson as VP of International Marketing. The expansion aims to support N-able's growing IT services market presence across 150 countries, focusing on enhancing relationships with distributors, resellers, and MSPs. The new leaders will help develop localized channel programs to improve scalability and responsiveness to market demands, particularly in security and IT management solutions delivery.
N-able (NYSE:NABL) reported strong Q3 2024 results with total revenue reaching $116.4 million, representing 8.3% year-over-year growth. Subscription revenue grew 9.3% to $115.0 million. The company achieved a GAAP gross margin of 82.9% and reported GAAP net income of $10.8 million. Adjusted EBITDA increased 22.7% to $44.8 million, with a margin of 38.5%. The company maintains a strong financial position with $174.4 million in cash and cash equivalents. N-able has updated its full-year 2024 revenue outlook to $462M and raised its adjusted EBITDA margin outlook to 37%.
N-able (NYSE: NABL) has introduced Fortified Copies, a new feature in its Cove Data Protection solution that provides automatic backup immutability without additional costs or management overhead. The feature creates hourly immutable backups across all devices and retains them for 30 days, protecting against ransomware attacks that target backup systems. Unlike traditional immutability solutions that require WORM locking or object storage, Fortified Copies leverages Cove's cloud-based architecture to provide enhanced cyber resilience without the associated storage and administrative costs. This development aligns with N-able's Ecoverse vision for streamlined IT management.
N-able (NYSE:NABL) has scheduled its third quarter 2024 earnings conference call for November 7, 2024, at 8:30 a.m. ET. The company, which provides software solutions for IT services providers, will release its Q3 2024 financial results before the conference call. A live webcast will be available on the N-able Investor Relations website, with a temporary replay accessible after the event.
N-able (NYSE: NABL) has launched expanded global compliance initiatives to support IT service providers with cybersecurity framework requirements. The company introduced measures including NIST 800-171 Attestation, FIPS 140-3 expansion, enhanced audit logging, and a separated hosted environment specifically designed for CMMC 2.0 compliance. The initiatives aim to help partners meet requirements across various frameworks including CMMC 2.0, NIS2, Cyber Essentials, and Essential Eight. N-able is also establishing a Global Compliance Advisory Council and a compliance resource library to support partners in their regulatory compliance journey.
FAQ
What is the current stock price of N-Able (NABL)?
What is the market cap of N-Able (NABL)?
What does N-Able Inc. do?
Who are N-Able's primary customers?
What is N-Able's business model?
What industries does N-Able serve?
What differentiates N-Able from competitors?
Where does N-Able generate most of its revenue?
What are N-Able's key product offerings?
What role do partnerships play in N-Able's business?
