Insight Venture Partners Makes Investment in Kaseya
Industry Luminary Yogesh Gupta Named President and CEO
LAUSANNE, SWITZERLAND AND NEW YORK, NY – June 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.”
Kaseya® is the leading provider of complete IT Infrastructure Management Solutions for managed service providers (MSPs) and internal IT organizations. Through its open platform and customer-centric approach, Kaseya delivers best in breed technologies that allow organizations to efficiently manage, secure, and backup IT. The Kaseya IT Complete platform is the industry’s most comprehensive, integrated solution suite purposely engineered to help IT both run and grow the business. It empowers businesses to command all of IT centrally, easily manage remote and distributed environments, simplify backup and disaster recovery, and automate across IT management functions. Kaseya solutions manage over 10 million endpoints worldwide. Headquartered in Dublin, Ireland, Kaseya is privately held with a presence in over 20 countries. To learn more, visit www.kaseya.com.