5 things, Channel markets, Channel technologies, Channel partners

Channel Brief: N-able Q4, Veeam, Kyndryl, More

Grab a cup of your favorite morning beverage and check out the return of our regular market briefing for managed services providers (MSPs), IT service providers (ITSPs), technology service providers (TSPs), cloud service providers (CSPs) cybersecurity consultants, systems integrators, VARs, independent software vendors (ISVs), and distributors.

Scroll down for a quick view of upcoming in-person channel and MSP events at the bottom of this post (while we spiff up our industry calendar behind the scenes. It will return!)

And please send your news tips, information, and industry chatter to editorial director [email protected].

Sip up.

A. Today’s Tech, Channel and MSP News

1. N-able financial results - N-able reported total year revenue growth of 13.5%, subscription revenue growth of 13.7% and an adjusted EBITDA margin of 34% in its Q4 earnings announcement. For the quarter the company reported 13.2% year over year revenue growth. The outlook for Q1 includes total revenue of $111 million to $111.5 million, representing 11% to 12% growth year over year. For the year, N-able expects total revenue in the range of $460 million to $465 million, representing  9% to 10% year over year growth.

2. Cyberresiliency service partnership - Kyndryl and Veeam have created a global strategic alliance focused on providing customers with cyber resiliency services supported by technology, infrastructure management and incident recovery services. Under the alliance, Kyndryl will now be a Veeam Accredited Service Partner (VASP).

3. New CMO - Mitel has appointed Eric Hanson to its executive team as chief marketing officer. He will lead Mitel’s global marketing strategy including solutions marketing for Mitel’s extensive communications portfolio, demand generation, brand, partner engagement marketing, customer marketing and global communications. 

4. AI law enforcement official appointed - The U.S. Justice Department on Thursday named its first official focused on artificial intelligence as the department grapples with the potentially transformative affects of AI on federal law enforcement and the criminal justice system. (Reuters)

5. ConnectWise vulnerabilities serious - Huntress CEO Kyle Hansloven told ChannelE2E affiliate site SC Media in a statement that the ConnectWise vulnerabilities reported this week are bad and could mean we are “on the cusp of a ransomware free-for-all.” (SC Media)

B. In-Person MSP and Channel Partner Events

  1. Right of Boom - March 6-8, 2024, MGM Grand Resort, Las Vegas
  2. CompTIA Communities & Councils Forum - March 11-13, Renaissance Chicago Downtown Hotel, Chicago
  3. N-able Empower - March 25-28 – Omni PGA Frisco Resort, Frisco, Texas
  4. Kaseya Connect - April 29-May 2, MGM Grand Resort, Las Vegas
  5. IT Nation Secure, June 3-5, 2024, Gaylord Palms Resort & Convention Center, Orlando, Florida
Jessica C. Davis

Jessica C. Davis is Editorial Director of CyberRisk Alliance’s channel brands — MSSP Alert and ChannelE2E. She also oversees content and programming for the MSSP Alert Live event. She has spent a career as a journalist covering the business of technology including chips, software, the cloud, AI, and cybersecurity. She previously served as Editor in Chief of Channel Insider and later of MSP Mentor where she was one of the first editors to oversee the creation and vision of the MSP 501 list.