N-able Acquires Adlumin to Enhance Cybersecurity Offerings

N-able Solutions ULC has announced its acquisition of Adlumin, a cybersecurity company offering Security Operations as a Service. This acquisition aims to enhance N-able's portfolio by integrating Adlumin's enterprise-grade cybersecurity solutions. Adlumin's platform is designed to integrate seamlessly with existing technology infrastructures and offers flexible management options, whether self-managed by an internal team or fully managed by Adlumin experts.

The acquisition is anticipated to bring several benefits to N-able, including increased growth, improved cash flow, and enhanced results. It is expected to expand N-able's sales channels and cross-selling opportunities, leveraging Adlumin’s anticipated fiscal 2024 annualized recurring revenue (ARR) growth.

N-able's forward-looking statements suggest that the acquisition will significantly influence its financial outlook for the fourth quarter and the year ending 2024. However, these statements are subject to risks and uncertainties, including the integration of Adlumin's technology and personnel, potential disruptions in business relationships, and security risks related to the acquired technology.

N-able has disclosed these forward-looking statements under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, acknowledging that actual results may differ due to various risk factors. These include the realization of anticipated benefits from the acquisition, integration challenges, potential disruptions, and any unforeseen costs or liabilities. N-able remains committed to updating stakeholders as required by law.