SolarWinds completes MSP spin-off

SolarWinds Corporation and N-able have completed the previously announced spin-off of the SolarWinds managed service provider business into a standalone, separately-traded public company named N-able, Inc..

  • 2 years ago Posted in

 Following the separation, which was completed on July 19, 2021, N-able will provide cloud-based software solutions for managed service providers, enabling them to support digital transformation and growth within small and medium-sized enterprises. SolarWinds will retain its Core IT Management business focused primarily on providing IT infrastructure management software to corporate IT organizations. N-able common stock will trade on the New York Stock Exchange under the symbol “NABL.”

 

As previously announced, SolarWinds’ stockholders of record as of the close of business on July 12, 2021, the record date for the distribution, received one share of N-able common stock for every two shares of SolarWinds common stock held by them as of such date. SolarWinds stockholders received cash in lieu of any fractional shares. 

 


Next generation product set provides end-to-end, digitally sovereign cloud services.
Cockroach Labs has formed a new partnership with Crayon, a global provider of software and cloud...
Console Connect and Wasabi Technologies to support businesses with fast and secure cloud migration...
West Midlands Trains is owned by Transport UK. Operating London Northwestern Railway and West...
AWS becomes the Official Generative AI Provider of the DFL as part of its long-term innovation...
Alliance will focus on modernising IT infrastructures by streamlining connectivity to multiple...
New serverless Inference-as-a-Service offering available from Vultr across six continents and 32...
Google Cloud and Akeneo have formed a technology partnership that will boost Akeneo’s innovation...