Revenue and ARR Growth
Fourth quarter revenue grew 7% year-over-year in constant currency, and full year 2024 revenue grew 10% at constant currency. Annualized Recurring Revenue (ARR) reached $482 million, growing 10% at constant currency.
Strategic Acquisition of Adlumin
Acquired Adlumin, which expands N-able's capabilities in the XDR and MDR markets. Adlumin's cloud-native AI-powered XDR platform became a significant contributor, joining Cove Data Protection as one of the top booking products.
Successful Product Innovation
Launched immutable backups and enhanced restore through AI, achieving over 95% restore accuracy. Recognized as a 2024 RMM champion by Canalys for the second year in a row.
Strong Adjusted EBITDA
Fourth quarter adjusted EBITDA was $38.1 million, reflecting a 32.7% margin, and $169.4 million for the full year, reflecting a 36.3% margin.
Growth in Reseller and Channel Partnerships
Expanded routes to market by leveraging Adlumin's North American reseller channels and planning international expansion in markets such as the U.K., DACH, and Australia.