Asset Manager

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N-able

N-able, Inc. is an SEC-registered investment adviser in Scottsdale, AZ, registered since 2023. The firm manages $733 million in assets, $726 million on a...

N-able

N-able, Inc. is an SEC-registered investment adviser in Scottsdale, AZ, registered since 2023. The firm manages $733 million in assets, $726 million on a discretionary basis. It has 14 employees and 9 investment advisers.

Website
n-able.com

General information

Firm type

Asset Manager

Year founded

2021

Location

Region

North America

Country

United States

City

Scottsdale

Corporate office

Burlington, MA, United States

Principals

John Pagliuca

President & CEO

Sector focus

Enterprise SoftwareCybersecurity

Frequently asked questions

How did N-able originate and why was it separated from SolarWinds?

N-able was originally the MSP-focused division of SolarWinds. Following the high-profile SolarWinds cyberattack in 2020, the parent company spun off the division to create a standalone business in 2021, trading as NABL on the NYSE. The separation aimed to ringfence the MSP-focused business, creating a pure-play entity unburdened by the parent's enterprise-focused legacy and incident response complexity.

Who runs investment decisions at N-able?

N-able is a publicly traded operating company, not an investment firm. Capital allocation and M&A decisions are made by CEO John Pagliuca and the senior leadership team under board oversight. The company itself is a target for institutional investors rather than a deployer of third-party capital.

What is N-able's core product set and who is the customer?

N-able provides software to managed service providers (MSPs). The core platform includes RMM tools like N-central and N-sight, security products such as Mail Assure and EDR, and backup solutions through Cove Data Protection. The end beneficiary is the MSP's small and medium-sized business clients, but N-able's direct customer is the MSP itself.

How does N-able differentiate structurally from enterprise IT management vendors?

N-able exclusively serves the MSP market, a channel that acts as an outsourced IT department for SMBs. Enterprise-focused vendors like the former SolarWinds parent target internal IT teams directly. N-able's go-to-market is entirely through MSP partners, and its pricing, multi-tenancy architecture, and support are built for a 'service provider serving many' model rather than single-enterprise deployments.

What was the firm's most significant recent product expansion?

In October 2023, N-able launched its own managed detection and response (MDR) service. This complemented existing security tools by adding a human-led, 24/7 threat hunting and remediation capability for MSPs that cannot build their own security operation center, deepening the security ecosystem available on its platform (per the firm, October 2023).

Is N-able a family office or an operating company?

N-able is an operating public software company, not a family office or investment entity. It appears in this context potentially as a portfolio holding or acquisition target relevant to family office allocators. The firm develops and sells technology; it does not manage external wealth.

Where does N-able maintain its operational footprint?

N-able is headquartered in Burlington, Massachusetts, with additional offices in Ottawa, Canada; Dundee, Scotland; and Brno, Czech Republic. These locations reflect R&D, support, and sales operations supporting its global MSP partner base across North America, Europe, and Asia-Pacific.

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