SolarWinds Acquires N-able
SolarWinds®, (Austin, Tx, USA) a provider of powerful and affordable IT management software, have announced the close of the N-able acquisition.
The acquisition of N-able by SolarWinds enhances its remote monitoring and management (RMM) offerings and adding MSP service automation to the range of IT management challenges that the company works to address for the entire IT community — from large enterprises to the growing segment of small businesses who are deploying “light IT” and “no IT” initiatives. SolarWinds acquired N-able for $120 million in cash that was funded from SolarWinds’ existing cash balance.
The acquisition gives SolarWinds a new brand, N-able by SolarWinds, and a robust set of Cloud-based offerings to meet the IT management needs of small businesses — with fewer than 100 employees — through the MSPs and Value-added Resellers they have come to trust.
“As small businesses continue to turn to MSPs and other service providers to support their business-critical IT environments via the Cloud, we believe that we are now well-positioned to extend our unique value proposition to this growing space and support these businesses’ evolving IT management needs. MSPs need a strong partner focused on delivering products that are powerful, affordable, and purpose-built to ensure that they are getting everything that they can out of their IT investments,” said Kevin Thompson, SolarWinds’ President and CEO.
“Over the past 13 years, N-able has developed a set of award-winning MSP-centric tools that have garnered strong recognition from the industry for their depth, breadth, and ease of use. We believe that the strength of the N-able brand, combined with SolarWinds’ unique value proposition and go-to-market model, will allow us to accelerate N-able’s growth and provide tremendous long-term value to managed service providers and the small businesses that they serve.”
N-able was founded in 2000 and is based in Ottawa, Ontario, Canada and currently serves more than 2600 MSPs. Like SolarWinds’ products, N-able’s portfolio is designed to solve the operational tasks MSPs face on a day-to-day basis in managing and securing small businesses’ IT infrastructure via the Cloud.
N-able products will continue to be marketed and sold by N-able via the N-able website and from select channel partners.
SolarWinds provides powerful and affordable IT management software to customers worldwide — from Fortune 500 enterprises to small businesses. We work to put our users first and remove the obstacles that have become “status quo” in traditional enterprise software. SolarWinds products are downloadable, easy to use and maintain, and provide the power, scale, and flexibility needed to address users’ management priorities. Our online user community, thwack, is a gathering-place where tens of thousands of IT pros solve problems, share technology, and participate in product development for all of SolarWinds’ products. Learn more today at http://www.solarwinds.com.