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 (NABL) delivers cloud-based IT management solutions empowering managed service providers (MSPs) worldwide. This news hub provides investors and technology professionals with timely updates on corporate developments, financial performance, and product innovations shaping the MSP software sector.
Access official press releases and curated analysis covering earnings reports, strategic partnerships, and technology advancements in IT automation and cybersecurity. Our repository simplifies tracking regulatory filings, leadership changes, and market expansion initiatives critical for assessing N-Able's position in the competitive MSP tools landscape.
Key updates include product launch announcements, service enhancements for remote monitoring tools, and cybersecurity platform upgrades. Content is organized to highlight operational milestones and financial metrics relevant to SaaS business models while maintaining compliance with financial disclosure standards.
Bookmark this page for streamlined access to N-Able's evolving role in digital transformation through RMM (remote monitoring and management) solutions and PSA (professional services automation) integrations. Check regularly for verified updates that matter to stakeholders in the MSP ecosystem.
N-able (NYSE:NABL) reported strong Q3 2024 results with total revenue reaching $116.4 million, representing 8.3% year-over-year growth. Subscription revenue grew 9.3% to $115.0 million. The company achieved a GAAP gross margin of 82.9% and reported GAAP net income of $10.8 million. Adjusted EBITDA increased 22.7% to $44.8 million, with a margin of 38.5%. The company maintains a strong financial position with $174.4 million in cash and cash equivalents. N-able has updated its full-year 2024 revenue outlook to $462M and raised its adjusted EBITDA margin outlook to 37%.
N-able (NYSE: NABL) has introduced Fortified Copies, a new feature in its Cove Data Protection solution that provides automatic backup immutability without additional costs or management overhead. The feature creates hourly immutable backups across all devices and retains them for 30 days, protecting against ransomware attacks that target backup systems. Unlike traditional immutability solutions that require WORM locking or object storage, Fortified Copies leverages Cove's cloud-based architecture to provide enhanced cyber resilience without the associated storage and administrative costs. This development aligns with N-able's Ecoverse vision for streamlined IT management.
N-able (NYSE:NABL) has scheduled its third quarter 2024 earnings conference call for November 7, 2024, at 8:30 a.m. ET. The company, which provides software solutions for IT services providers, will release its Q3 2024 financial results before the conference call. A live webcast will be available on the N-able Investor Relations website, with a temporary replay accessible after the event.
N-able (NYSE: NABL) has launched expanded global compliance initiatives to support IT service providers with cybersecurity framework requirements. The company introduced measures including NIST 800-171 Attestation, FIPS 140-3 expansion, enhanced audit logging, and a separated hosted environment specifically designed for CMMC 2.0 compliance. The initiatives aim to help partners meet requirements across various frameworks including CMMC 2.0, NIS2, Cyber Essentials, and Essential Eight. N-able is also establishing a Global Compliance Advisory Council and a compliance resource library to support partners in their regulatory compliance journey.
N-able (NYSE: NABL) has been named a Great Tech Place to Work winner by NC Tech, North Carolina's only statewide technology awards program. The company, which provides software solutions for IT services providers, was recognized for its exceptional workplace culture. N-able emphasizes Diversity, Equality, and Belonging (DEB) with employees from nearly 15 countries, offers professional development opportunities, and implements comprehensive wellness programs. The company's culture is built around core values including N-rich Lives, N-spire Others, and N-joy the Journey.
Top Down Ventures, a venture capital firm led by Chris Day, has announced the first close of its US$25M Founders Fund, targeting early-stage SaaS companies in the Managed Service Provider (MSP) sector. The fund combines capital investment with operational expertise and a proven scaling playbook. General Partners Chris Day, Joel Abramson, and Mark Scott bring extensive experience from successful MSP companies.
The fund focuses on SaaS companies with $1M+ in annual recurring revenue, offering Seed or Series A investments up to $3M. With a network of experienced Partners and Operating Advisors, Top Down aims to amplify portfolio companies' success. The firm's venture studio model provides guidance in product development, go-to-market strategies, and team building, supporting founders with both strategic and tactical expertise.
N-able, Inc. (NYSE: NABL), a global software company specializing in IT services solutions, has been recognized by Comparably with three awards: Best Company Happiest Employees, Best Company Perks and Benefits, and Best Company Work-Life Balance. These awards are based on anonymous feedback from current employees over the past 12 months.
N-able's success is attributed to its focus on employee experience, guided by core values and regular input from staff. The company emphasizes Total Rewards, Learning and Development, and Diversity, Equality and Belonging initiatives. Earlier this year, N-able also received Comparably awards for Best Career Growth, Best Leadership Teams, Best Company Outlook, and Best HR Team.
Kathleen Pai, Chief People Officer at N-able, stated that these recognitions reflect the company's commitment to fostering a positive work environment and driving innovation through employee-centric practices.
N-able, Inc. (NYSE: NABL) has released new data showing a 56% increase in disaster recovery events related to Microsoft 365 domains and an increase in backups among its partners. This trend aligns with a reported 46.15% rise in cyberattacks in the first half of 2024 compared to 2023. Key findings include:
- 1,000 more MSPs offering backup services for Microsoft 365 with Cove
- Over 2.2 million Microsoft 365 end users protected, a 46% increase
- 42 petabytes of Microsoft 365 data backed up, up from 26 petabytes last year
The data underscores the growing importance of robust backup solutions in the face of increasing cyber threats, with 67% of surveyed MSPs expecting growth in managed backup services.
N-able, Inc. (NYSE: NABL) has been awarded a bronze Stevie® Award for Achievement in Employee Engagement in the ninth annual Stevie Awards for Great Employers. This recognition highlights N-able's commitment to creating an exceptional workplace culture and its focus on employee engagement.
The company believes that prioritizing N-ablite engagement not only establishes a world-class culture but also drives business success. Kathleen Pai, Chief People Officer at N-able, emphasized that this award demonstrates their dedication to keeping people at the center of the organization.
The Stevie Awards for Great Employers received over 1,000 nominations from 35 nations and territories this year, covering various HR-related categories. N-able's achievement in employee engagement stands out among global competitors, reinforcing its position as an employer of choice in the software industry.
N-able (NYSE: NABL) has announced its partner conference, Empower 2025, to be held in Berlin, Germany from April 7-9, 2025 at the Intercontinental Berlin. The event aims to bring together MSPs and IT professionals for knowledge sharing and industry insights. Key highlights include:
- 15+ hours of networking with industry leaders and top vendors
- Peer-to-peer learning opportunities for MSP growth
- Expertise sharing on marketing, automation, and software
- Focus on cyber-resiliency and the N-able Ecoverse
The conference is designed to provide actionable insights and real-world solutions for MSPs to enhance their businesses in the evolving IT landscape.
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