subject: N-able Technologies® Closes Out 2009 With a Bang, Readies for Explosive Growth in 2010 [print this page] Author: Market Wire Author: Market Wire
OTTAWA--(Marketwire - January 4, 2010) - N-able Technologies, the global leader in remote monitoring and management (RMM) software for managed service providers (MSPs) and IT departments, today announced its Q409 worldwide sales and subscription revenues exceeded company expectations and has set the stage for a record breaking 2010. According to N-able's President and CEO Gavin Garbutt, 2009 was a banner year for technology innovations, international growth and partner enablement at N-able. "We invested heavily in R&D and pushed innovation and partner enablement to the limit in 2009 with a never-before-seen $75 million dollar market stimulus offering and the introduction of the industry's first freemium RMM (remote monitoring and management) platform," says Garbutt. "Further, our new N-central 7.0 technology has radically changed the landscape of the managed services industry -- giving N-able partners an undeniable service advantage and placing even greater distance between us and our competitors." In 2009, N-able also expanded its technology alliances with IT heavy-weights Cisco, Intel, Lenovo, Microsoft and Xerox and forged new partnerships with emerging and established IT leaders and Master MSPs including APC, LetMeDoIT, NTR Global, Panda, and VaultLogix. In October 2009, N-able's Technology Alliance Partners came together to sponsor N-able's Annual Partner Summit which attracted nearly 400 MSP partners. Further contributing to the success of N-able and its partners in 2009 was the company's rapidly growing international footprint in Australia, New Zealand, the Netherlands, Scandinavia and the U.K., as well as its groundbreaking partner programs and resources including N-able's unrivaled Mid-market Partner Program, Business e-Training Essentials and new Partner Resource Center. "Our international growth in 2009 was phenomenal -- doubling the revenue of the year prior," says Mike Cullen, Vice President of Sales, N-able Technologies. "Our new operations in the Netherlands are performing exceptionally well and we continue to gain noticeable market and competitive mindshare throughout the U.K. and Australia as a result of our channel-exclusive sales model, new Mid-Market Partner Program and superior technology and support services." In North America N-able's business also grew in 2009. "We saw a 200 percent increase in our subscription revenues year-over-year which means our partners are managing more devices and earning more recurring revenues," says Cullen. 2010 Outlook Building upon its success in 2009, Garbutt says N-able is planning for a record year that will be fueled by explosive market growth and adoption of managed services thanks in part to the company's new N-central 7.0 platform. "IT spending is set to pick up again over the next two years and will bring forward massive revenue and profit generating opportunities for those MSPs worldwide who are well positioned and proactively using their clients' IT asset data to provide intelligent recommendations on what IT solutions and services may best support the client's business goals and objectives," says Garbutt. To ensure its partners' success, N-able will continue development around its hybrid RMM platform and Mid-market Partner Program. In addition, the company will invest heavily across the board when it comes to partner enablement with the goal of ensuring N-able's partners are the IT industry's most successful MSPs worldwide. For more information about N-able Technologies, visit www.n-able.com. About N-able Technologies N-able Technologies is the global leader in remote monitoring and management software for managed service providers and IT departments. N-able's award-winning N-central platform and complementary toolsets, backed by best-in-class business and technical services, are proven to reduce IT support costs, improve network performance and increase productivity through the proactive monitoring, management and optimization of IP-enabled devices and IT infrastructure. N-able is 100% channel-friendly and maintains operations in North America, the U.K., the Netherlands and Australia. Start a free 30-day trial of N-central at www.n-able.com/trials.About the Author:
