N-able, Inc. reports developments in cybersecurity software and business-resilience services for managed service providers, IT teams and small and midsize business environments. Company news commonly covers earnings results, annual recurring revenue trends, financial outlook, platform adoption and product expansion across security, automation, unified endpoint management and data protection.
Recurring operating updates include AI-powered cybersecurity capabilities, Security Operations Center enhancements, Adlumin Managed Detection and Response, N-central and N-sight unified endpoint management, Cove Data Protection, disaster recovery services and Technology Alliance Program integrations. News also addresses customer and partner enablement, incident-response automation and the company’s use of AI to support IT operations and cyber defense workflows.
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 August 11, 2022. A conference call will be held at 8:30 a.m. ET on the same day to discuss these results. Investors can access a live webcast via the N-able Investor Relations website. A detailed earnings release will be published prior to the call. N-able specializes in software solutions for IT service providers, focusing on remote monitoring, management, data protection, and security.
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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