N-able: Fast Growth Now, IPO Later
The VAR Guy is in New York today, but for the second time in recent hours he’s got Canada on his mind. First, he noted that OnForce will soon extend its online marketplace to VARs in Canada. Now, he hears N-able — the MSP platform provider — is among Canada’s fastest-growing companies. But does that mean an IPO is around the corner?
According to Profit magazine, N-able is No. 24 on Canada’s fast-growth list, lifting revenue more than 2,400 percent over the past five years. Alas, that doesn’t mean an initial public offering looms for the company.
Of the major MSP platform providers, N-able is the closest to entering public markets, according to the CEO of another prominent managed services company. But nobody should expect an IPO at N-able until the second half of 2008 or so at the earliest, the tipster adds, because the industry remains in its infancy.
Hmmm. The only Canadian investment The VAR Guy has made lately is purchasing two tickets to an upcoming Rush concert.