M&A Deal Summary

SolarWinds Acquires N-able

On May 21, 2013, SolarWinds acquired technology hardware company N-able from Accel-KKR for 120M USD

Acquisition Highlights
  • This is SolarWinds’ 1st transaction in the Technology Hardware sector.
  • This is SolarWinds’ largest (disclosed) transaction.
  • This is SolarWinds’ 9th transaction in the United States.
  • This is SolarWinds’ 1st transaction in Massachusetts.
Investment Fate
  • N-able was sold to a strategic buyer in 2021.

M&A Deal Summary
Date 2013-05-21
Target N-able
Sector Technology Hardware
Buyer(s) SolarWinds
Sellers(s) Accel-KKR
Deal Type Add-on Acquisition
Deal Value 120M USD
Advisor(s) Raymond James - Investment Banking (Financial)

Target

N-able

Burlington, Massachusetts, United States
N-able is a provider in remote monitoring and management automation solutions for managed service providers (“MSPs”) and IT departments. N-able’s N-central software and complementary toolsets are proven to reduce IT support costs, improve network performance and increase productivity through the proactive monitoring, management and optimization of IP-enabled devices and IT infrastructure. N-able was founded in 2000 and is based in Burlington, Massachusetts.

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Buyer(S) 1

Buyer

SolarWinds

Austin, Texas, United States
Category Company
Founded 1999
Sector Software
Employees2,073
Revenue 759M USD (2022)
DESCRIPTION

SolarWinds provides hybrid IT infrastructure management software to customers worldwide from Fortune 500 enterprises to small businesses, government agencies and educational institutions. SolarWinds was founded in 1999 and is based in Austin, Texas.

DEAL STATS #
Overall 10 of 22
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 10 of 21
State (Massachusetts) 1 of 2
Country (United States) 9 of 19
Year (2013) 1 of 2
Size (of disclosed) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-18 Rhino Software

Helenville, Wisconsin, United States

Rhino Software, Inc., is a FTP software provider.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-07 Confio Software

Boulder, Colorado, United States

Confio Software, Inc., is a maker of database performance management software.

Buy $103M

Seller(S) 1

SELLER

Accel-KKR

Menlo Park, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 19.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Accel-KKR is a private equity firm that seeks control and growth-oriented investments in middle-market technology companies. The Firm targets investments in public and private companies with revenues ranging from $15 to $150 million. Accel-KKR pursues transactions across multiple segments of the technology industry, including software, hardware and internet technologies, and IT enabled services. Accel-KKR's first fund was created in 2000 by Accel Partners and Kohlberg Kravis Roberts & Co. to invest in technology assets and businesses that were outside of each firm's core focus. Accel-KKR is based in Menlo Park, California.

DEAL STATS #
Overall 11 of 52
Sector (Technology Hardware) 1 of 1
Type (Add-on Acquisition) 8 of 28
State (Massachusetts) 2 of 4
Country (United States) 10 of 42
Year (2013) 2 of 2
Size (of disclosed) 14 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-20 Model N

Redwood Shores, California, United States

Model N is a provider of revenue management cloud solutions for life science, technology and manufacturing companies. Model N was founded in 1999 and is based in Redwood Shores, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-21 Zinc Ahead

Princeton, New Jersey, United States

Zinc Ahead, Inc. is a provider of commercial content management solutions.

Buy -
Mergr

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