SolarWinds spinoff leads to formation of new company, N-able

Austin-based software maker SolarWinds has spun off its managed service provider business into a separate company called N-able.

SolarWinds makes network and IT management software. The company, which was founded in 1999 in Tulsa before moving to Austin in 2006, serves a range of industries including big-name companies and government entities. It has more than 3,000 employees globally. 

The spinoff deal was completed Monday. SolarWinds, which is publicly traded, will retain its core IT management business, with a focus on IT infrastructure management software.

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The new company, N-able, will also be publicly traded under the ticker symbol “NABL.” N-able will provide cloud-based software solutions for managed service providers.