Exclusive-Software company N-Able explores sale, sources say

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Private Equity Firms,Barracuda Networks,Silver Lake

The Burlington, Massachusetts-based company, which counts two private equity firms - Silver Lake and Thoma Bravo - as major investors, is running a sale...

- N-Able, a U.S. provider of information technology software with a market value of $2.3 billion, is exploring a sale after attracting acquisition interest, people familiar with the matter said.

N-Able was spun out in 2021 from management software firm SolarWinds, which had been in turn acquired by Silver Lake and Thoma Bravo for $4.5 billion in 2016. The two buyout firms now each own about a third of N-Able. Education software firms PowerSchool and Instructure are currently in talks with buyout firms to be taken private, Reuters has previously reported. Financial technology firm Envestnet is also exploring a sale after receiving acquisition interest from potential buyers, Reuters reported in April.

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