regional players such as Naverisk, ChannelE2E believes.
Meanwhile, Datto is expected to announce Q2 2021 financial results sometime in August 2021, ChannelE2E estimates. The other companies listed above are privately held.
N-able Financing, Spin-Out From SolarWinds
John Pagliuca, president, N-able
The N-able revenue estimate surfaces amid the company’s spin-out from SolarWinds, which is expected to be completed this month (July 2021). Private equity firm Thoma Bravo, among other investors, will continue to own big stakes in both SolarWinds and N-able, post spin-out.
N-able President John Pagliuca shifts to CEO of the MSP software company amid the spin-out. Plus, the company has hired multiple executives to round out its executive team.
As part of that spin-out, N-able has secured private placement financing of $225 million, the company also disclosed today. N-able will distribute the net proceeds of the financing — roughly $216 million — to SolarWinds, which expects to use the funds to make a distribution to its stockholders and/or pay down its existing third-party indebtedness, the companies say.
MSP Software Under the Microscope
Meanwhile, the U.S. federal government is paying close attention to the MSP software market, and potential cybersecurity risks associated with MSPs running RMM (remote monitoring and management) software.