Remote monitoring and management (RMM) platform vendor, Kaseya, has sold a controlling interest in the company to venture capital firm Insight Venture Partners. Terms of the deal were not disclosed. Kaseya CEO Gerald Blackie will be stepping down and Yogesh Gupta from Insight Ventures will take over as the new president and CEO.
The deal marks the third RMM vendor company to be acquired this year, beginning with the SolarWinds purchase of N-able and the AVG purchase of Level Platforms.
“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."
Kaseya, a company started as a desktop management add-on to N-able server monitoring for many MSPs, grew and matured as a company to become one of the leading SMB focused managed services RMM platform vendors. The acquisition, or investment as it is being called, is further evidence of the maturity of the managed services professional marketplace and likely signals the beginning of a period of innovation and investment, not only into the remote monitoring and management capabilities, but also logical MSP extensions like BYOD, cloud, virtualization, security, and storage.
