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..

 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. 

 


Insecure cloud configurations create widespread risk, highlighting the urgent need for unified...
Experian, a global data and technology company, is embarking on the next phase of its cloud...
Private cloud now rated as a strategic equal to public cloud, driven by cost predictability, GenAI...
NVIDIA is building what it says is the world’s first industrial AI cloud for European...
The pilot program allows faster, more transparent procurement for cloud software buyers.
M247 Group, a leading international provider of hosting, data transport, and cloud solutions, has...
Datacloud Global Congress has achieved record attendance, with a 49% increase on last year’s...
AI could double the strain or solve it.