It seems as though there is no stopping acquisitions in the RMM world. Last month it was SolarWinds' acquisition of N-able, and then a couple of weeks back, Level Platforms shocked its partners when it announced that it was acquired by anti-virus giant AVG. The latest victim is Kaseya, which announced late today that it was acquired by Insight Venture Partners, which has made a significant investment in the RMM. According to a press release issued by Kaseya, terms of the agreement are undisclosed.
In addition, the press release stated that, effective immediately Yogesh Gupta has been named President and CEO of Kaseya. Gerald Blackie, one of Kaseya’s co-founders, who also held the role of CEO, will be stepping down to pursue other opportunities. Blackie, as well as his co-founders Mark Sutherland and Paul Wong, will work with Gupta ensuring a smooth transition prior to pursuing other opportunities.
"Not only did Gerald, Mark and Paul define the MSP IT management market, they built an extremely successful business to serve it," new CEO Yogesh Gupta said in a media statement. "Kaseya's customers rely on its market-leading IT Service Management offerings and we will continue to evolve our offerings to meet their changing needs while delivering a compelling value proposition to them. Industry trends such as BYOD and cloud computing are creating new challenges and opportunities for companies. I look forward to leading Kaseya to its next level of success through accelerated innovation, and to partnering with our customers to drive their success in this new world."
"We have spent over a decade building a successful business from the ground up. I am extremely proud of the Kaseya team, our worldwide customer base and our award winning, best of class products," Gerald Blackie added to the media statement. "Yogesh Gupta's blue chip credentials, coupled with the experience, guidance and investment strength of Insight Venture Partners, bring a strong and committed partnership that will further drive Kaseya's growth and success."
Stay tuned for more information on this developing story, and check back here at our blog!