Remote monitoring and management (RMM) platform vendor Kaseya has announced today that has acquired business service management vendor Zyrion. Terms of the deal were not disclosed but the acquisition follows Kaseya's own investment/purchase by a venture capital firm Insight Venture Partners.
Obviously wasting no time, Kaseya's new owners, including CEO Yogesh Gupta, see an opportunity to shore up any gaps in their own service capabilities and have started to execute on that plan beginning with Zyrion. As I've said before, I believe this M&A activity within the managed service provider RMM space has been long overdue. Following the other RMM platform acquisitions this year, the Kaseya/Zyrion deal marks what is likely to become a land rush to occupy and acquire full end-to-end IT management capabilities.
"We see significant demand from the industry for the ability to proactively and easily monitor new IT environments, including cloud and virtualization. Moreover, monitoring and managing the entire IT infrastructure from a business service view is extremely powerful in these hybrid environments. We believe Zyrion has built a market-leading product to meet this demand. The combination of these best of breed technologies will dramatically increase the value proposition for customers and will further drive Kaseya's growth and success," said Yogesh Gupta, CEO of Kaseya.
In the past, companies like Kaseya would simply partner with other technology vendors to bring features and capabilities to their MSPs. Now, with the strength of new investors/owners, Kaseya and the other RMM companies can go out and acquire the technologies they need and directly integrate them into their platforms, offering a much more cohesive and polished approach for the MSPs.
"Kaseya has a strong and respected presence and history in the IT Infrastructure software space. The Zyrion Traverse® monitoring solution is very complementary to Kaseya solutions and the combination will provide one of the strongest cloud and IT management solutions in the industry," said Vikas Aggarwal, founder and CEO of Zyrion. "All of Zyrion's management and staff will join the Kaseya team as part of this acquisition and continue to work on integrating the Traverse solution with the Kaseya platform."
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