BRIEF-N-Able Acquires Existing Strategic Partner Adlumin

Reuters

2024-11-21

BRIEF-N-Able Acquires Existing Strategic Partner Adlumin

Nov 20 (Reuters) - N-Able Inc NABL.N:

N-ABLE ACQUIRES EXISTING STRATEGIC PARTNER ADLUMIN, ADDING CLOUD-NATIVE XDR AND MDR CAPABILITIES TO ITS END-TO-END SECURITY AND IT MANAGEMENT PLATFORM
N-ABLE INC - TO PAY $100 MILLION CASH, 1.57 MILLION SHARES FOR ADLUMIN
N-ABLE INC - EXPECTS Q4 2024 REVENUE OF $113.3 MILLION TO $114.8 MILLION
N-ABLE INC - EXPECTS FY 2024 REVENUE OF $463.0 MILLION TO $464.5 MILLION
N-ABLE INC: ANTICIPATES DEAL TO BE IMMEDIATELY ACCRETIVE TO ARR GROWTH AND ACCRETIVE TO CASH FLOW BY Q4 OF 2025

Source text: ID:nBw1WwQpQa

Further company coverage: NABL.N

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