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. 

 


BCN partners with Zadara to introduce Africa's pioneering multi-tenant AI Factory, enhancing AI...
OVHcloud expands its footprint in Germany, launching its third European 3-AZ cloud region in...
Tata Consultancy Services and SAP embark on a strategic five-year partnership to enhance enterprise...
Wasabi Technologies enhances its EMEA Partner Programme to fuel growth and equip partners for the...
Node4 and Nerdio announce a strategic partnership to enhance Azure Virtual Desktop delivery for...
OVHcloud unveils its groundbreaking Quantum Platform, providing access to advanced quantum...
VAST Data collaborates with Google Cloud to optimise AI deployments across hybrid environments,...
Datadog Elevates Cloud Storage Management with New Solution