MSP Software Companies Discuss Momentum Amid Economic Worries
These are challenging economic times. But MSP software companies continue to issue momentum statements — reassuring managed services providers and signaling continued MSP industry growth. The latest example comes from N-able Technologies, which says its MSP partner base now manages more than 47,000 end-users, up nearly 150 percent since January 2010.
N-able develops remote monitoring and management (RMM) software that MSPs use to proactively maintain customer networks. Some VARs and MSPs also resell N-able’s software into mid-market IT departments. N-able has inked security and storage relationships with a range of software partners, empowering MSPs to offer freemium (free to start; paid for advanced capabilities) software capabilities to their end-customers.
N-able has also expanded its executive ranks in the past year — JP Jauvin joined as COO, working closely with CEO Gavin Garbutt, and VPs John Blaine (CFO), Mike Cullen (sales), Derik Belair (marketing and business development) and August Whermann (research and development). N-able is set to share more details about its growth strategy during N-able Partner Summit 2011 (Oct. 10-14, Scottsdale, Ariz.).
For MSPs, upbeat statements from N-able and ConnectWise are welcome developments — especially amid all the economic turbulence on Wall Street this week. Generally speaking, I think a healthy number of MSP software providers are experiencing reasonable to strong growth in 2011 — though it’s difficult to pinpoint revenue and profit figures since most of the MSP software industry players are privately held.