Brief: N-Able Acquires Existing Strategic Partner Adlumin

N-Able

20/11/2024 21:56

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 
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