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 announced it has earned the Virus Bulletin’s VBSpam+ certification for its Mail Assure solution, achieving a remarkable 99.96% email malware blocking rate without any false positives. This marks N-able's second consecutive VBSpam+ certification, following a strong performance in previous tests. The recent independent test involved 394,101 emails over 19 days, with N-able Mail Assure recognized for its effectiveness in combating email threats, crucial given the significant role of email in malware distribution.
N-able, Inc. (NYSE:NABL) will report its financial results for the first quarter of 2022 on May 12, 2022. The company plans to host a conference call at 8:30 a.m. ET the same day to discuss these results. A live webcast of the call will be available on the N-able Investor Relations website. The earnings release highlighting the Q1 2022 results will be issued prior to the call. N-able focuses on empowering managed services providers with a versatile technology platform.
N-able (NYSE: NABL) announced research revealing a significant rise in cyberattacks targeting managed services providers (MSPs) and their customers. The study indicates that 90% of MSPs experienced a successful cyberattack in the past 18 months, with attacks prevented increasing from six to eleven monthly. Although 82% have seen a rise in attacks on their clients, financial recovery remains a challenge. Despite this, 70% of small to medium enterprises plan to boost their security budgets, presenting a growth opportunity for MSPs. The complete report is available for download.
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.
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