Insight Venture Partners has invested in Kaseya. Financial terms weren’t announced. Kaseya, of Switzterland, provides IT Service Management software services.
LAUSANNE, SWITZERLAND and NEW YORK, NY–(Marketwired – Jun 24, 2013) – Kaseya and Insight Venture Partners, today announced that Insight Venture Partners has made a significant investment in Kaseya. Terms of the agreement are undisclosed.
“Kaseya is the market leader in IT management solutions for MSPs and mid-market enterprises,” said Mike Triplett, Managing Director of Insight Venture Partners. “We intend to expand on that leadership position and bring significant value to Kaseya, its customers and its employees.”
Effective immediately Yogesh Gupta has been named President and CEO of Kaseya. Kaseya founders Gerald Blackie, 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,” said Yogesh Gupta. “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,” said Gerald Blackie. “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.”
· Insight Venture Partners
About Insight Venture Partners
Insight Venture Partners is a leading global private equity and venture capital firm investing in software, eCommerce, Internet, and data-services companies. Founded in 1995, Insight has raised more than $7.6 billion and made more than 190 investments worldwide. Insight’s mission is to find, fund, and work successfully with visionary executives who are driving change in their industries. Insight provides them with practical, hands-on growth expertise to foster long-term success. For more information on Insight and all of its investments, visit www.insightpartners.com.
Kaseya is a leading global provider of IT Service Management software services. They are the industry’s only vendor to provide a complete IT Service management SaaS solution, along with an on-premises solution built on the same core technology. Kaseya solutions are in use by more than 10,000 worldwide customers. Their technology empowers any sized IT operation — from individual IT professionals at small-to-medium sized businesses to large corporations and IT service providers — to proactively manage and control IT assets remotely, easily and efficiently from one integrated Web-based platform. Kaseya solutions are used in a wide variety of industries, from healthcare to education, finance, government and more. The company is privately held with over 30 offices in 23 countries. To learn more, please visit http://www.kaseya.com.