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 has introduced Managed Endpoint Detection and Response (Managed EDR), a service designed to assist Managed Service Providers (MSPs) with threat monitoring and response. This offering leverages SentinelOne's 24/7 security operations center to enhance existing security measures for MSPs using N-able’s Endpoint Detection and Response technology. The launch addresses the growing global security workforce gap, estimated to require an additional 3.4 million cybersecurity professionals. Managed EDR enables MSPs to allocate resources efficiently, thereby focusing on strategic initiatives while improving protection against cyber threats.
N-able, Inc. (NYSE: NABL) will host its Empower conference at the Prague Congress Centre from May 9-11. The event aims to facilitate networking and provide over 30 hours of educational content focused on assisting Managed Service Providers (MSPs) in scaling their businesses. Attendees will benefit from a keynote by cybersecurity expert Keren Elazari and access to N-able executives for key insights on business strategies and partner initiatives. This conference is a continuation of N-able's commitment to empower MSPs to manage their cloud journey effectively.
N-able, Inc. (NYSE:NABL), a leading global software provider, has announced a conference call to discuss its financial results for Q4 and the full year 2022, scheduled for February 23, 2023, at 8:30 a.m. ET. The earnings release highlighting these results will precede the call. Investors can access a live webcast via the N-able Investor Relations website. N-able specializes in offering IT services providers robust solutions for remote monitoring, management, data protection, and security.
This event aims to provide insights into N-able’s performance and future outlook.
N-able (NYSE: NABL) ends 2022 highlighting its partner-focused achievements, including substantial cost savings and improved security measures. The launch of Cove Data Protection™ has benefited over 12,700 partners, securing data for more than 148,000 businesses. The company mitigated over 14 billion malicious emails and blocked 11.5 million threats. Furthermore, N-able's MarketBuilder helped MSP partners generate over 6,700 leads. CEO John Pagliuca emphasizes the importance of managed services amidst economic challenges, anticipating stronger partner growth in 2023.
N-able, Inc. (NYSE: NABL), a global software leader for IT services providers, is expanding its distributor network to enhance support for Managed Service Providers (MSPs) and IT resellers. This initiative, announced during a recent conference in Salzburg, Austria, has increased distributors to over 80 across 50 countries, reaching approximately 6,500 MSPs. The conference celebrated distributor achievements and emphasized the importance of localized support and training resources to drive growth and service efficiency.
N-able, Inc. (NYSE:NABL), a software company for IT services providers, will participate in three investor conferences in November 2022. The events include a Fireside Chat on November 15 at the Needham Virtual Security Conference, one-on-one meetings at the RBC Capital Markets Technology Conference on November 16, and further meetings at the Credit Suisse Technology Conference on November 29-30 in Scottsdale, AZ. Interested parties can access the live webcast on N-able's Investor Relations website.
N-able (NYSE:NABL) raised its full-year 2022 Adjusted EBITDA outlook to 30% while maintaining a revenue growth forecast of 7% year-over-year, or 12% to 13% in constant currency. The company reported Q3 2022 total revenue of $93.5 million, reflecting a 6% increase year-over-year, and a subscription revenue of $91.2 million. With a GAAP net income of $0.3 million and adjusted EBITDA of $28.8 million, N-able emphasizes strong growth in security and data protection services. The firm also launched new products to enhance its offerings for managed service providers (MSPs).
N-able, Inc. (NYSE: NABL) has appointed Troels Rasmussen as General Manager of Security Products. With over four years at N-able, Rasmussen will guide the strategic direction of their security portfolio, which includes solutions like Endpoint Detection and Response and DNS Filtering. This move aims to enhance N-able's support for Managed Service Providers (MSPs) in their fight against escalating cyber threats, especially given that 90% of MSPs reported an increase in attacks since the pandemic. The focus is on delivering comprehensive security across the entire lifecycle for better protection.
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