- 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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Forget Magnificent Seven: Hedge Funds are Pouring Money Into This Utility Stock to Cash In On AI Boom
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