BRIEF-N-Able Acquires Existing Strategic Partner Adlumin-November 2024-www.financetom.com

BRIEF-N-Able Acquires Existing Strategic Partner Adlumin

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BRIEF-N-Able Acquires Existing Strategic Partner Adlumin

Nov 20, 2024 7:33 PM

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

* 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 ( NABL ) - TO PAY $100 MILLION CASH, 1.57 MILLION SHARES

FOR

ADLUMIN

* N-ABLE INC ( NABL ) - EXPECTS Q4 2024 REVENUE OF $113.3 MILLION TO

$114.8

MILLION

* N-ABLE INC ( NABL ) - EXPECTS FY 2024 REVENUE OF $463.0 MILLION TO

$464.5

MILLION

* N-ABLE INC ( NABL ): ANTICIPATES DEAL TO BE IMMEDIATELY ACCRETIVE

TO ARR

GROWTH AND ACCRETIVE TO CASH FLOW BY Q4 OF 2025

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