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) announced its Empower conference scheduled for October 3-5 at Caesar’s Forum, Las Vegas. The event aims to assist managed service providers (MSPs) in enhancing their cloud strategies. Participants can expect over 30 hours of content, networking opportunities, and keynote speeches from industry leaders including Lisa Bodell and Ken Schmidt. The conference focuses on providing insights into product updates, business strategies, and managing cloud complexities, marking the first in-person event since 2019.
N-able, a global software company, has been awarded the top spot in the MSP RMM Platforms category of the 2022 CRN Annual Report Card (ARC) Awards for the second consecutive year. The company excelled in Product Innovation, Partnership, and Managed and Cloud Services subcategories. This recognition, based on partner feedback, highlights N-able's ongoing investment in its remote monitoring and management platforms, namely N-able N-sight™ RMM and N-central®. The ARC Awards survey gathered responses from 3,000 solution providers across North America.
N-able, Inc. (NYSE: NABL) has launched the N-able Cloud User Hub, a multi-tenant Microsoft 365 management and automation platform aimed at Microsoft Cloud Solution Providers. This launch follows N-able's acquisition of Spinpanel earlier this year. The platform seeks to simplify console management, enhance security, streamline billing, and optimize Microsoft spend, ultimately aiding partners in scaling their businesses efficiently.
N-able, Inc. (NYSE:NABL) reported second quarter results showing an 8% year-over-year increase in subscription revenue, reaching $89.4 million. Total revenue was $91.6 million, a 7% increase, or 13% in constant currency. GAAP net income was $4.3 million, translating to $0.02 per diluted share. The company launched Cove Data Protection™ and N-hanced Services™, both aimed at empowering MSP partners. Additionally, N-able celebrated the successful adoption of its MarketBuilder tool by over 2,500 partners. Looking ahead, the company anticipates 7% revenue growth for the full year, despite macroeconomic challenges.
N-able, Inc. (NYSE:NABL) will report its financial results for Q2 2022 on
N-able, Inc. (NYSE: NABL) has launched N-sight™ RMM, a comprehensive solution for managed services providers (MSPs) designed to facilitate rapid growth and efficiency. Combining cloud-based RMM, remote support, and business management tools, it aims to streamline operations for MSPs at varying stages of development. The product addresses key industry challenges, including growth, retention, and profitability, while providing advanced remote monitoring across multiple platforms. N-sight is commercially available globally, with a free trial option for interested MSPs.
N-able, Inc. (NYSE: NABL) has acquired Spinpanel, a Microsoft Cloud management and automation platform. This strategic acquisition targets labor scarcity and the shift toward cloud solutions by providing N-able's partners with enhanced tools for managing Microsoft Cloud services. Spinpanel's technology aims to simplify complex IT environments and help partners scale their offerings. The integration of Spinpanel’s solutions into N-able's portfolio is expected to occur in Q3 2022, enhancing value for both N-able partners and Spinpanel customers.
N-able, Inc. (NYSE: NABL) has announced that its Cove Data Protection for Microsoft 365 has surpassed one million protected users. Since its launch in December 2019, over 4,600 partners are using Cove to safeguard more than 36,000 customer domains and 1.2 million Exchange mailboxes. Cove offers cloud-first data protection, disaster recovery, and long-term backup retention, addressing the critical need for businesses to protect their Microsoft 365 data. The platform automates backups and adapts to the need for reliable solutions against data loss.
N-able, Inc. (NYSE: NABL) has introduced a new feature, Standby Image, for its Cove Data Protection™ solution, enhancing its cloud-first data protection and disaster recovery capabilities. The feature allows IT service providers to create and manage virtual server images without the need for costly proprietary appliances, promoting efficiency and reducing costs. This innovation addresses the growing ransomware threat and offers a flexible recovery option, ensuring backups are safe and accessible in a secondary location.
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