N-able, Inc.

N-able builds software for the companies that manage other companies IT. The business spun out of SolarWinds in 2021 as its own public firm. It operates from Morrisville, North Carolina.

Its customers are managed service providers, or MSPs. These are the outsourced IT shops that keep small and mid-size businesses running. N-able gives them the tools to do that job at scale.

Picture an MSP that watches over 300 client laptops across 40 small firms. One tech cannot babysit every machine by hand. N-able changes the math. Its remote monitoring and management tools, N-central and N-sight, let that tech see every device from one screen. Patch a security hole everywhere at once. Fix a frozen server without leaving the office.

The platform also covers backup and security. Cove Data Protection handles cloud backup. Add-ons cover endpoint protection, password management, and email security. The idea is to hand MSPs a full kit under one roof.

N-able earns recurring subscription revenue, usually priced per device or per technician. Revenue runs around $450 million a year. Gross margins sit above 80 percent. The company grows as its MSP partners grow, which ties its fortunes to the health of small business IT everywhere.