N-able has announced its acquisition of Adlumin, a cybersecurity operations vendor, in a deal valued at up to $266 million. This strategic purchase aims to significantly enhance N-able’s IT management platform by integrating Adlumin’s cloud-native XDR (Extended Detection and Response) and MDR (Managed Detection and Response) solutions. With the growing need for robust, integrated security solutions, this acquisition will provide N-able’s customers with advanced threat detection, ransomware prevention, and compliance automation capabilities. By adding these security features, N-able intends to strengthen its service offerings for managed service providers (MSPs) and IT teams, helping them address increasing cybersecurity threats.
Founded in 2016, Adlumin has rapidly gained recognition for its sophisticated security solutions, which include threat intelligence and real-time monitoring. The company has grown to a $22 million annual recurring revenue business, with a 60% year-over-year growth rate. The acquisition will provide N-able with a broader security product suite, including Adlumin’s open architecture platform that integrates data from endpoints, networks, cloud systems, and SaaS applications. This seamless integration will enable IT professionals to see and act on data across their entire IT environment, significantly improving the ability to identify and mitigate security risks.
In addition to enhanced security capabilities, Adlumin’s platform will help address a critical issue facing the cybersecurity industry: the shortage of skilled talent. By providing outsourced 24/7 security operations center (SOC) capabilities and automated remediation, Adlumin’s solutions will allow IT teams to scale their security operations without the need for extensive in-house expertise. This will prove invaluable for organizations struggling with the increasing complexity of cybersecurity management and the high cost of hiring qualified professionals. The integration of Adlumin’s offerings into N-able’s platform will also reduce false positives, improving the efficiency of threat detection and response for MSPs.
The acquisition is poised to accelerate N-able’s growth in the rapidly expanding cybersecurity services market, which is expected to reach $163 billion by 2025. N-able anticipates that this move will contribute to both short-term and long-term revenue growth, benefiting from cross-selling opportunities, bundling strategies, and expanded reseller relationships through Adlumin’s existing client base. With over 800 clients, including small to mid-sized businesses and large enterprises, Adlumin’s customer base will help N-able expand its reach and enhance its cybersecurity offerings. This acquisition is expected to further solidify N-able’s position as a leading provider of IT management and security solutions for MSPs worldwide.
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