N-able Technologies Tuesday completed its spin-off from parent company SolarWinds via an IPO that saw its shares tumble from its opening price.
Canada-based N-able, which provides a full technology stack with integrated monitoring, management, security, and ticketing to over 25,000 MSPs worldwide, was spun out of SolarWinds eight years after it was acquired, marking the beginning of “N-able 2.0,” said N-able CEO John Pagliuca.
Pagliuca told CRN the IPO came from discussions starting a year ago between the N-able and SolarWinds executive teams over what is the best way for the two companies to move forward.
The key driver for the spin-off was what Pagliuca called the “F-word.”