N-able, one of the top three MSP tools platform companies, has acquired Adlumin for its XDR (extended detection and response) and MDR (managed detection and response) capabilities. The deal confirms just how critical cybersecurity and advanced capabilities such as MDR and XDR are for MSPs.
If the name Adlumin sounds familiar, it’s because the MDR/XDR provider was already a strategic partner to N-able. N-able’s MSP partners already had access to Adlumin’s technologies via N-able’s “open Ecoverse.”
Through this deal, N-able aims to scale its security portfolio and annual recurring revenues and “set a new standard of security excellence for managed services providers and internal IT teams.” The acquisition financial terms include $100 million in cash at closing, approximately 1.57 million shares of the company’s common stock at closing, and $120 million in cash installments paid out on the first and second anniversary of the closing. In addition N-able will pay an aggregate of $30 million in potential cash earn-out payments over the next two years based on the achievement of certain performance metrics.
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Today’s MSSP Update
1. Governments, education leaders face cyberresilience challenges - LevelBlue’s newest research highlights the challenge of balancing risk with innovation for U.S. state and local government and higher education leaders. The research reveals deep-seated barriers and inconsistencies in how leaders in these domains prioritize cyber resilience issues as cybercriminals weaponizing the latest technologies.
2. AI updates to security platform - Check Point Software has rolled out Quantum Firewall Software R82 and additional innovations for its Infinity Platform. The company said the AI-powered network security innovations help protect organizations as they face a 75% surge in cyber-attacks worldwide.
3. MSSP 250 company gains another Microsoft specialization - Quorum Cyber, an MSSP 250 company, has been awarded the Information Protection and Governance specialization from Microsoft. Quorum Cyber is a Microsoft Solutions Partner for Security, and already holds Microsoft Security specializations of Threat Protection and Cloud Security. Quorum Cyber wasfounded as a Microsoft-only security services providerand is a member of the Microsoft Intelligent Security Association (MISA).
4. RSAC Innovation Sandbox starts $5M funding awards - Starting in April 2025 the RSA Conference’s Top 10 Finalists in the RSAC Innovation Sandbox contest will each receive $5 million in financing provided by Crosspoint Capital Partners to help them further accelerate innovation to fight the next generation of cybersecurity threats. This is the first time financing will be awarded, and may be the largest startup competition of its kind in any field, according to RSAC. The funding is an uncapped Simple Agreement for Future Equity (SAFE) investment, a streamlined fundraising structure originally introduced by early stage startup accelerator Y Combinator.
5. Forum to help the RSAC winners - RSAC is also developing a new forum called the RASC Founders Circle to provide Innovation Sandbox winners with additional exposure, coaching, mentorship and connections to the CISO community.
6. Cybersecurity added to firmware - Lenovo’s new ThinkShield Firmware Assurance solution enables deep visibility and protection below the operating system by embracing zero trust architecture (ZTA) component-level visibility to generate more accurate and actionable risk management insights.
7. Cysurance offers breach warranty through Bitdefender - Bitdefender is partnering with Cysurance to offer a cybersecurity breach warranty program of up to $1 million in financial compensation. in the wake of security incidents impacting business operations.
8. New variants of Python NodeStealer infostealer - Netskope Threat Labs newest blog details six new variants of the Python NodeStealer infostealer. Initially identified by Meta in January 2023, NodeStealer broadened its targeting scope in September 2023. The newest variants evolved to target Facebook Ads Manager accounts, steal credit card data and sensitive browser-stored credentials using new techniques.
