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N-able posts 200% user growth in 2011

(Stock image)

(Stock image)

Published on January 9, 2012
Published on January 9, 2012
OBJ Staff  RSS Feed

N-able Technologies more than doubled its users under its managed service partner base in 2011, a milestone for the Ottawa-based company.

The firm's year-end wrap-up, released Monday, did not include revenue or profitability figures for the privately held IT monitoring and management automation software firm. In past interviews with OBJ, the company has said it is profitable.

On Monday, N-able announced small-and-medium-sized businesses managed by its partners now stand at more than 59,000, up 200 per cent from 22,000 last year. Device usage also grew by 235 per cent.

Much of the partner increase came in the international arena, with 40 per cent growth in aggregate seen in Australia, New Zealand, the Netherlands, Scandinavia, the United Kingdom, Germany and South Africa.

"The exponential growth across N-able's partner base is unrivaled and clearly demonstrates the success and ongoing leadership our partners hold within the IT industry," stated N-able chief executive Gavin Garbutt.

The company forecasts hiring again in 2012 to meet the increased demand for its services; its headcount is 33-per-cent larger than last year, at 161 people.

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