Kaseya, a Dublin, Ireland-based provider of IT infrastructure management solutions for both external service providers (MSPs) and internal service providers (IT departments), completed an investment of more than $500m.
Backers included TPG and Insight Partners.
The round valued Kaseya at $1.75 billion.
The company intends to use the funds to accelerate its growth through:
– additional strategic acquisitions,
– expansion into international markets, and
– increased R&D spending on customer-centric products.
Led by Fred Voccola, CEO, Kaseya is a provider of complete IT Infrastructure Management Solutions for managed service providers (MSPs) and internal IT organizations. Through its open platform and customer-centric approach, the company delivers technologies that allow organizations to manage, secure, and backup IT. The Kaseya IT Complete platform is an integrated solution suite engineered to help IT both run and grow the business. It allows businesses to command all of IT centrally, manage remote and distributed environments, simplify backup and disaster recovery, and automate across IT management functions.
The company has presence in over 20 countries and a base of approximately 40,000 customers worldwide.