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BURLINGTON, Mass. - N-able, Inc. (NYSE: NABL), a provider of IT management software solutions with a market capitalization of $1.47 billion and impressive gross profit margins of 83.45%, has announced a strategic partnership with automation platform Rewst to enhance the operational efficiency of IT service providers. The integration, part of N-able’s Technology Alliance Program (TAP), aims to streamline workflows and improve backup orchestration through Cove Data Protection. According to InvestingPro analysis, the company appears slightly undervalued at current levels, with 8 additional exclusive insights available to subscribers.
The collaboration is designed to address challenges faced by IT providers, such as limited technical bandwidth and the need for increased operational efficiency. Rewst’s automation platform will allow Managed Service Providers (MSPs) to orchestrate tasks across multiple solutions, reducing manual efforts and enabling technicians to focus on strategic projects. This strategic focus has contributed to N-able’s solid revenue growth of 10.49% over the last twelve months.
Key automated processes introduced by the integration include user and device onboarding, backup monitoring and ticketing, and billing and invoice reconciliation. These enhancements are expected to reduce repetitive tasks, minimize human error, and improve billing accuracy by synchronizing data across systems.
Aharon Chernin, CEO of Rewst, emphasized the partnership’s role in reducing complexity for IT providers by creating an open, connected ecosystem. Stefan Voss, VP of Product for Cove Data Protection at N-able, highlighted the integration’s potential to simplify backup monitoring, streamline onboarding and billing processes, and ultimately improve service providers’ bottom lines.
N-able’s suite of solutions helps IT services providers manage and secure their customers’ systems, data, and networks. This latest integration with Rewst reflects the company’s ongoing commitment to innovation, automation, and support for their partners’ growth and service delivery.
The announcement is based on a press release statement and marks a step forward in N-able’s mission to provide scalable and secure infrastructure for IT service providers.
In other recent news, N-able, Inc. announced its fourth-quarter and full-year 2024 financial results, reporting a 7% year-over-year revenue growth for the quarter and a total revenue of $466.1 million for the year, marking a 10.5% increase. Despite these positive results, the company’s guidance for 2025 fell short of analyst expectations, with a forecasted revenue of $486.5-492.5 million, below the consensus estimate of $512.2 million. The company’s EPS for the fourth quarter was $0.10, surpassing the analyst estimate of $0.08, and revenue slightly exceeded estimates at $116.5 million compared to $113.71 million. N-able’s strategic initiatives include a $75 million stock repurchase program, reflecting confidence in its strategic direction and shareholder value.
In analyst updates, Scotiabank raised its price target for N-able to $9.00, maintaining a Sector Perform rating, while BMO Capital Markets reduced its target to $8.50, also keeping a Market Perform rating. Both firms cited concerns over future revenue and EBITDA guidance, despite acknowledging the potential benefits of the Adlumin acquisition. The company’s management has set a medium-term goal of achieving an annual recurring revenue exceeding $750 million by 2028. Investors are watching closely as N-able integrates Adlumin and enhances its channel partnerships, aiming to strengthen its position in the competitive cybersecurity market.
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