Reported 4 months ago
Software company N-Able, valued at about $2.5 billion, is reportedly exploring a sale after attracting acquisition interest. The U.S.-based company, with major investors including Silver Lake and Thoma Bravo, is running a sale process with participation from software sector peers and private equity firms. Potential suitor Barracuda Networks, owned by KKR, is among those interested. N-Able's shares rose over 8% on the news. The company provides IT software to service providers, with 25,000 clients globally. Take-private deal volumes have surged this year, with other firms like PowerSchool and Envestnet also considering sales.
Source: YAHOO