05:30 PM EST, 11/20/2024 (MT Newswires) -- N-able (NABL) said late Wednesday it has acquired Adlumin, an enterprise-grade security operations platform provider.

N-able's acquisition consideration includes about $100 million in cash at closing, roughly 1.57 million shares of common stock, $120 million in cash installments over two years, and up to $30 million in potential earn-out payments based on performance targets, the company said.

Building on their successful partnership in extended detection and response capabilities and managed detection and response services, this acquisition will enable the firm to integrate Adlumin's technology into its platform, which offers security, unified endpoint management, and data protection solutions.

The company said it expects the acquisition to boost annual recurring revenue growth immediately and become accretive to cash flow by the fourth quarter of 2025.

Shares of N-able were up 2.5% in after-hours activity.