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Kaseya buys RocketCyber managed security operations platform

Acquisitive Kaseya is adding a security operations centre platform to its portfolio, with the emphasis on easy integration and management. Purpose-built for MSPs and SMBs, the RocketCyber platform is a cloud-agent SOC that requires no hardware or specialised equipment and that can be integrated with customers’ existing products. The acquisition also makes Kaseya IT Complete the only integrated platform to deliver managed SOC, automated threat detection, credential monitoring and anti-phishing for an end-to-end cybersecurity suite, it claims.

“The addition of RocketCyber makes Kaseya IT Complete the only integrated platform in the market to deliver managed SOC, automated internal threat detection, credential monitoring, anti-phishing and more for a truly comprehensive, end-to-end cybersecurity suite that tackles all of today’s modern-day threats,” said Fred Voccola (pictured), CEO, Kaseya. “With this acquisition, we’ve doubled down on our security investments to provide our customers with access to experts who can continuously monitor their IT environments without the cost and complexity of disparate tools.”

RocketCyber managed SOC provides a 24/7 team of security analysts that detect and respond to threats across endpoints, networks and cloud attack vectors enabling IT professionals to cut through the noise and focus on critical issues that need to be remediated, it says. SOC analysts escalate only important actionable items. RocketCyber’s automated remediation and isolation technology applies remedies or guidance for a threat in order to contain and isolate a device on the network, until it is vetted clean, it says.

New integrations to the Kaseya IT Complete platform resulting from the acquisition of RocketCyber include:

  • The integration between Kaseya VSA and RocketCyber that allows organisations to rapidly deploy managed SOC across their infrastructure and begin continuous cybersecurity monitoring.
  • The integration between Kaseya BMS and RocketCyber that enables BMS to become the primary ticketing interface when RocketCyber analysts detect security incidents that need to be addressed.
  • The integration between Passly and RocketCyber that delivers single sign on (SSO) access to RocketCyber and ingests user login data from Passly so that the data can be reviewed by RocketCyber analysts, who can then create incident tickets for issues that need to be addressed and remediated.

“When Billy Austin and I came together to found RocketCyber, our mission was to bring high-end cybersecurity capabilities to the masses and safeguard organisations against the onslaught of cyberattacks and cybercriminals,” said Carl Banzhof, CEO and co-founder, RocketCyber. “RocketCyber is the culmination of our combined 50-plus years of experience in creating intrusion detection, vulnerability, risk and compliance technologies. In the end, Kaseya was the clear choice for us with its rich security platform. Now that our products are deeply integrated, MSPs and SMBs can protect themselves against all attack vectors and sleep soundly at night.”

The Kaseya CEO hinted at the move in his interview with IT Europa last month:

"We invested in integrations of the IT Complete platform, our tools and solutions and this has paid off. That is what we are doing and in 2021 there will be even more after our massive leaps this year. The experience our customers get with automation will be even better, and a lot of work is being done there."

There will be more acquisitions, with consequent integrations. And there will be a big push in EMEA, he says. "We had planned for this, but it got cut back by half. First half 2021 will continue the EMEA push – we do 30% of our total business in EMEA and it should be around half. There is room there for us to grow."

The IPO planned for 2020 will be put back to about Q3 2021. "Every time we do an acquisition it puts this back by a few months. Yes, we want to be public but we don’t want to slow down the business," he explains. Being public gives Kaseya better access to capital, so is desirable in the long term.