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Kaseya trumpets record MSP business growth

Kaseya, the provider of IT infrastructure management solutions for both managed service providers and internal IT departments, has announced record growth for 2019, with “well over” $300m in annual bookings.

The company provides Kaseya IT Complete, a fully integrated IT management platform for MSPs and SMBs. The record sales are said to represent an organic annual growth rate at the company of around 30%, as it added over 5,000 new customers in 2019.

Last year, the company acquired dark web monitoring and security vendor ID Agent, and it invested $10m in setting up a business unit to help MSPs meet their customers' compliance needs as-a-service.

With the help of a $500m private equity investment, Kaseya says it closed the year with a valuation of over $2bn.

“In 2019, we upped the ante through substantial investment in our customer-base and by developing new demand-driven products that completely revolutionise how MSP and IT professionals adapt to today’s complex technology demands,” said Fred Voccola, CEO of Kaseya.”

Industry veteran Ronan Kirby joined the firm as its president and general manager of the EMEA division last year.

Headquartered in Dublin, Ireland, Kaseya is privately held with a presence in over 20 countries.