New leadership and an enhanced product portfolio lead to growth, customer acquisition and increased SaaS adoption
BOSTON, MA – Feb. 13, 2014 – Kaseya, a leading provider of IT systems management software, today announced that it closed 2013 with exceptionally strong momentum in software bookings, new customer acquisition, and SaaS adoption. These outcomes reflect the renewed strength and focus of the company resulting from recent management changes and new product-focused investments.
Kaseya reported that in the second half of 2013, software subscription bookings grew more than 50 percent compared to the same period in 2012. In the same six-month period, the company also added over 500 new customers globally, 60 percent of whom purchased Kaseya’s software as a service (SaaS) offering.
This growth shows the impact of recent corporate changes. In June 2013, Insight Venture Partners acquired Kaseya, and Yogesh Gupta was named President and CEO. Gupta immediately put a seasoned management team in place, and Kaseya embarked on significant new engineering investments to enhance and expand its IT systems management offering. As a part of this, the company implemented a comprehensive agile development process which has enabled the company to accelerate its release cycles, offering three high-quality releases per year. The first of these releases, Kaseya Virtual Administrator (VSA) 6.5, came out in January 2014. Within the first two weeks, over 1000 customers upgraded and began taking advantage of the new release. The release delivers enhanced quality and performance, as well as new platform support. Release 6.5 is the first of three Kaseya releases that will be delivered in 2014.
The company also enhanced its portfolio with three key strategic technology acquisitions, including Zyrion (now Kaseya Traverse) for cloud and network monitoring, Rover Apps (now Kaseya BYOD) for Bring Your Own Device management, and 365 Command for Office 365 management and administration. These leading products add important capabilities that enable Kaseya customers to manage new challenges within today’s evolving IT environments.
“We have been a Kaseya customer for a number of years, and are excited about the changes we’ve seen recently in the company,” said Pratik Roychoudhury, CEO of Shield Watch, a managed service provider. “The predictable and frequent product releases as well as new capabilities translate directly into value for our business. We appreciate the new management team’s customer focus and are confident that we have chosen the right partner moving forward.”
Kaseya’s SaaS solution has helped us consolidate our support and management tools in the hands of the team who needs them,” said Joel Peabody, IT User Experience Manager for Money Management International. “Kaseya has been a great partner and we are excited to see the product roadmap and corporate strategy heading in the right direction.”
“Over the last six months, we’ve focused on expanding and enhancing our offerings and processes in order to better serve the MSPs and enterprises that rely on us,” said Gupta. “Making our customers successful is our number one goal. The very strong results that we’ve seen in the last six months are just the beginning of what we can and will deliver for our customers, our products, and our business over time.”
Customers can look forward to learning more about the company’s vision and roadmap at Kaseya’s annual user conference, Kaseya Connect, scheduled for 14-16 April 2014 at the Mandalay Bay Resort in Las Vegas. Last year’s conference included more than 700 attendees and 30 sponsoring companies. This year’s event promises to be even more exciting with a programme including in depth technical sessions, business-focused sessions, keynotes, guest speakers, and ample networking time with both the Kaseya team and Kaseya customers.