Kaseya Raises More Than $500 Million to Fuel Growth and Further its Leadership in IT Management Market
Summary
Kaseya will use this investment and partnership to fuel growth through additional strategic acquisitions, deeper expansion into international markets, and increased R&D spending on cutting-edge, customer-centric products. “Technology is becoming more critical for small to mid-size businesses every day, and whether they receive it from a managed service provider or their own internal IT department, they want more efficient solutions that yield greater results,” said Fred Voccola, CEO of Kaseya. The company’s innovative products, skilled management team, and strong customer base position them well for continued success, and we look forward to working together to build and enhance the platform.” Kaseya’s growth investment comes on the heels of recent acquisition activity in the space, which has led to potential restructuring and unrest within the managed services community as the market continues its rapid growth. I look forward to how IT Complete will continue to innovate and expand to help us grow our business and support both our franchise owners and their customers.” “We’re very pleased and welcome this great news from Kaseya,” said Ken Roulston, managing director, CMI. TPG Growth has the deep sector knowledge, operational resources, and global experience to drive value creation, and help companies reach their full potential.
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