MSP News
Accel-KKR Gives N-able Technologies Investment Capital to Use for Growth
October 06, 2011
N-able Technologies, a remote monitoring and management (RMM) automation software provider catering specifically to managed service providers (MSPs) and IT departments, has recently received a growth equity investment from Accel-KKR, a private equity firm.
According to a press release, the investment will be utilized in order to further expand N-able's RMM platform all over the world, and to help the company set up an acquisition program.
Opening its doors in Ottawa in 2000, N-able Technologies is a rapidly growing technology company assists upwards of 2,200 MSPs use N-able's N-central RMM technology to manage 52,000 small and medium-sized businesses, the release revealed.
"This is an exciting time in N-able's history and a game-changing investment that provides us with the capital to accelerate our strategic growth plan and continue offering our MSP partners the business-building resources, comprehensive tools and technology innovation to remove the barriers that limit small and midsize businesses from taking advantage of managed IT services," said Gavin Garbutt, CEO of N-able Technologies in a statement. "Our goal is to further enable our 2,200 MSP partners to achieve 100 percent IT coverage within their markets and ensure they are recognized as the most successful MSPs in the world."
"Capitalizing on N-able's market-leading technology platform and strong partner network, Gavin Garbutt and the N-able management team have built an innovative and industry leading company committed to growth by delivering superior value to its MSP partners," commented Greg Williams, managing director of Accel-KKR. "We look forward to partnering with N-able as it continues to build upon its market leadership position, differentiated value proposition, and track-record of strong growth."
Furthermore, N-able is collaborating with its MSP partners to encourage the transition of managed IT services around the world. "Our partners' success has been and will always be our top priority and we are committed now more than ever to helping them add more value and better align their IT services with the business goals and budgets of their small and midsize customers," Garbutt concluded.
Jamie Epstein is a MSPNews™ Web Editor. Previously she interned at News 12 Long Island as a reporter's assistant. After working as an administrative assistant for a year, she joined TMC as a Web editor for MSPNews™. Jamie grew up on the North Shore of Long Island and holds a bachelor's degree in mass communication with a concentration in broadcasting from Five Towns College. To read more of her articles, please visit her columnist page.Edited by
Chris DiMarco
