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. 

 


AI could double the strain or solve it.
Data from ‘Unlocking Growth in the Mid-Market: The Node4 Report’, reveals UK mid-market leaders...
Flexera has announced a new partnership with Greenpixie, focused on accelerating sustainability...
Network and security services specialists continue international growth with opening of expanded...
Opens first data centre in Italy.
Businesses can boost resilience, level-up their cloud services and benefit from a wide choice of...
An all-in-one, ready-to-use solution to unleash the full value of data.
Juniper Networks is working with Google Cloud to accelerate new enterprise campus and branch...