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IT management vendor SolarWinds to buy N-Able, drop perpetual license

IT management software vendor SolarWinds announced late Tuesday that it will buy remote monitoring and management (RMM) software vendor N-Able, which is privately held, for $120 million in cash.

SolarWinds executives said that the purchase of N-Able will enable it to “more effectively serve small businesses’ evolving IT needs by empowering the MSPs many of them have come to rely on.” N-Able, which is based in Ottawa and has about 180 employees, sells its products primarily to managed services providers (MSPs).

SolarWinds said that starting immediately with the close of the sale, it will sell N-Able products exclusively on a subscription model, thereby eliminating the perpetual license model.

According to N-Able, SolarWinds, which is based in Austin, Texas, plans to retain N-Able’s brand. N-Able founder Gavin Garbutt will retire with the sale of the company. The N-Able business will be headed up by J.P. Jauvin as general manager. The company named two other executives, Mike Cullen and Derik Belair, who will remain with N-Able. SolarWinds said that all other employees will be retained in the purchase.

The deal is expected to close by the end of this month.

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