DATTO HOLDING DL-,001

MIAMI, April 10, 2025 (GLOBE NEWSWIRE) -- MSP Recovery, Inc. (NASDAQ: MSPR) (“MSP Recovery” or the “Company”), a Medicare, Medicaid, commercial, and secondary payer reimbursement recovery and technology leader, is pleased to announce that it entered into a strategic term sheet (“Term Sheet”) agreeing to several restructuring transactions with Hazel Partners Holdings, LLC (“Hazel”), Virage Capital Management (“Virage”), and their respective affiliates. These initiatives are designed to reduce costs of the Company through a New Servicer entity (as defined below), deleverage the Company by converting certain debt of significant creditors into equity and release $1.2 billion of debt guaranteed by the Company, provide access to $9.75 million of bridge funding to the Company (of which $6.5 million remains available through July 2025) and up to $25 million working capital for New Servicer, and to focus the Company's operations, through the New Servicer, on the core business model of pursuing recoveries under the MSP Laws so that it can achieve its long-term recovery goals. The Company has also obtained a payment extension and waiver from YA II PN, Ltd. (“Yorkville”), which allows the Company to continue its original core business as well as develop new and existing tools. In addition to the summary herein, additional information is set forth in greater detail in the Company's Current Report on Form 8-K, which was filed with the Securities and Exchange Commission on April 10, 2025. Execution of definitive agreements and closing of the restructuring are expected no later than April 30, 2025.» Mehr auf globenewswire.com

Partner Location Transitions Endpoint Management to High Wire's Overwatch Platform and Will Offer Full-suite of Cybersecurity Solutions to Clients Partner Location Transitions Endpoint Management to High Wire's Overwatch Platform and Will Offer Full-suite of Cybersecurity Solutions to Clients» Mehr auf globenewswire.com

BURLINGTON, Mass.--(BUSINESS WIRE)--N-able, Inc. (NYSE: NABL), a global software company helping IT services providers deliver security, data protection as-a-service, and unified endpoint management, today announced its second annual MSP Horizons Report in partnership with leading channel analyst firm, Canalys. The report—which summarizes the top findings from research with MSPs across the globe—reveals a sharp projected uptick for managed services growth driven by a number of key factors, incl.» Mehr auf businesswire.com