Message to Customers, Partners, & Employees from Fred Voccola:
Kaseya has secured a $500M investment to further propel our tremendous momentum and growth. With this investment, Kaseya now has earned a $1.75B valuation further demonstrating our position as the leading and most valuable player in today’s rapidly growing IT infrastructure management market.
To be clear, this investment is NOT a sale of our company. Unlike ConnectWise and Datto, whose founders chose to sell their companies, take cash proceeds and exit the business, we did not SELL OUT. Instead, together with Insight Partners, our majority shareholder, we decided to double-down on the company, and invest MORE in the business, our employees, and our customers.
We will use the proceeds of this investment to fuel our growth. Unlike recent merger and acquisition activity at some of our competitors, we will NOT have a change in leadership, we will NOT have layoffs, we will NOT reduce investment in R&D and support. We WILL be growing all aspects of the company and expect to hire several hundred people worldwide over the next 18 months. We WILL continue to make strategic acquisitions, expand our global footprint, and ensure that the IT Complete platform accelerates its leadership position as the platform of choice for SMB IT Infrastructure management.
Kaseya’s customer-centric and employee-centric focus continues to be the strongest driver for the strong financial results and success that our company has seen to-date and we won’t change that. We’ve learned that in addition to our industry-leading technology, Kaseya is blessed with two incredible assets, our customers and our employees. Our employees’ dedicated and relentless pursuit of customer success and satisfaction is the single largest reason for our continued success. We will continue to invest heavily in our customers, our product portfolio and our employees.