SolarWinds to Buy N-able Technologies

SolarWinds to Buy N-able Technologies for $120 Million.

http://www.n-able.com/company/newsroom/press_releases/2013-05-21.aspx

 
http://www.obj.ca/Technology/2013-05-22/article-3254000/UPDATE-Nable-to-remain-in-Ottawa-following-120M-SolarWinds-acquisition/1

Solarwinds started to enter into the cloud business by acquiring N-able. N-able has RMM and MSP Service Automation Platform! They have products for

• Remote Monitoring and Management
• Asset and License Management
• Device Management
• Mobile device Management
• Password Management
• Patch Management
• Group Policy Management

N-able’s client base includes more than 2,600 MSPs worldwide, which serve approximately 91,000 small and medium-sized businesses. They have done $24 M in 2012. They are having around 200 employees.

N.able has doubled their customer base in 2012. This is one of the reasons for this deal.

Saravanan