N-able has acquired Adlumin in a move that builds on a successful partnership to fuel resilience across the full IT environment.
N-able has acquired Adlumin in a move that builds on a successful partnership to fuel resilience across the full IT environment.
Building upon Adlumin's and N-able's existing proven partnership providing extended detection and response (XDR) capabilities and managed detection and response (MDR) services, the acquisition will allow N-able to incorporate Adlumin's technology with N-able's platform that combines security, unified endpoint management, and data protection solutions.
This combination will mean N-able can provide deeper insights across the entire IT environment.
With this acquisition, N-able aims to scale its security portfolio and annual recurring revenue (ARR) from the existing partnership and set a new standard of security excellence for MSPs and internal IT teams.
“Our customers have been telling us for some time that cloud-native XDR and MDR solutions are mission-critical to their ability to fully secure their customers and users, which solidified our decision to partner with, and now, acquire Adlumin,” said John Pagliuca (pictured), President and CEO of N-able.
“N-able’s security operations platform fits perfectly within our Ecoverse vision for unifying security and unified endpoint management into a single platform.”
N-able delivers a wide set of security solutions, combined with unified endpoint management in a single platform, via an open Ecoverse that helps close the coverage gaps between IT professionals’ multi-vendor, multi-product software stacks.
Adlumin provides security solutions and services through its agnostic security operations platform that integrates with existing infrastructures.
Since launching the partnership with Adlumin, N-able has successfully driven meaningful ARR growth, showing that the combination of XDR software and MDR services with the N-able platform is a differentiator in the market.
In other news, N-able has provided its updated financial outlook for the fourth quarter of 2024 and full-year 2024.
The firm currently expects to achieve the following results for the fourth quarter of 2024: it says total revenue grew in the range of $113.3 to $114.8 million, representing five percent to six percent year-over-year growth on a reported and constant currency basis, and adjusted EBITDA in the range of $35.0 to $35.5 million, which represented approximately 31 percent of total revenue.
For the full-year 2024 results, N-able also expects to achieve total revenue in the range of $463.0 to $464.5 million, representing 10 percent year-over-year growth on a reported and constant currency basis.
It also expects adjusted EBITDA in the range of $166.3 to $166.8 million, representing approximately 36 percent of total revenue.
