Kaseya
| Company type | Private |
|---|---|
| Industry | Software |
| Founded | 2000 in California, United States |
| Founder | Mark Sutherland, Paul Wong |
| Headquarters | Miami , United States |
Area served | Worldwide |
Key people | Fred Voccola (CEO) |
| Products | Network and system monitoring solutions |
| Owner | Insight Partners (majority ownership) |
| Website | www |
Kaseya Limited () is a software firm headquartered in Miami, focusing on solutions for network and system monitoring. With majority ownership held by Insight Partners, the company was appraised at $12 billion as of April 2023 and possesses the naming rights to the Kaseya Center.
History
Established in 2000 in California by entrepreneurs Mark Sutherland and Paul Wong—who previously collaborated on a National Security Agency initiative—Kaseya has undergone significant development through deliberate leadership changes. Gerald Blackie assumed the role of CEO in 2003. A pivotal shift occurred in June 2013 when Insight Partners acquired a controlling stake and appointed Yogesh Gupta as CEO. Subsequently, Fred Voccola became CEO in July 2015 to spearhead expansion efforts.
In 2018, the company moved its main office from Boston to Miami’s Brickell neighborhood, strengthening its footprint within an important technology corridor. By April 2023, Kaseya secured a 17-year naming rights agreement valued at $117.4 million for the Kaseya Center, further solidifying its brand presence.
During 2024, Kaseya reduced its Miami workforce by approximately 150 employees, representing around 8% of staff in that location, attributing this to standard performance evaluations while reaffirming its dedication to ongoing business operations.
Security Issues
A directory traversal vulnerability affecting Kaseya’s remote access tool was addressed in 2015; however, this same security weakness persisted on its support website for an additional six years. In 2018, cybercriminals exploited the remote access software to commandeer devices for cryptocurrency mining purposes. The July 2021 ransomware assault on Kaseya VSA by the REvil group resulted in service interruptions impacting 60 direct clients and over 1,500 affiliated businesses worldwide, causing substantial operational disruption.
Business practices
In 2022, Kaseya encountered customer dissatisfaction following modifications to its terms of service that introduced automatically renewing three-year contracts with only a 30-day notification period, highlighting challenges related to communication within its commercial approach.
Acquisitions
| # | Year | Company | Description |
|---|---|---|---|
| 1 | 2011-05 | Intellipool AB | Network performance monitoring solutions |
| 2 | 2013-07 | Zyrion | Cloud backup and disaster recovery services |
| 3 | 2013-07 | Rover Apps | Security for work-related use on personal devices |
| 4 | 2013-10 | 365 Command | Administration tools for Microsoft 365 |
| 5 | 2018-06 | Unitrends | Data protection technologies |
| 6 | 2018-10 | Spanning Cloud Apps | Cloud backup and disaster recovery offerings |
| 7 | 2019-05 | ID Agent | Threat intelligence and identity monitoring solutions |
| 8 | 2020-08 | Graphus | Anti-phishing technology |
| 9 | 2021-02 | RocketCyber | Security operations center services |
| 10 | 2022-06 | Datto | Backup and disaster recovery; acquisition valued at $6.2 billion |
| 11 | 2022-10 | ConnectBooster | Automation of accounts receivable processes |
| 12 | 2023-04 | Vonahi Security | Automated penetration testing for networks |
| 13 | 2024-10 | SaaS Alerts | Cloud security platform solutions |
External links
- Articles with short description
- 2001 establishments in California
- American companies established in 2001
- Network management
- Software companies based in Florida
- Software companies established in 2001
- Software companies of the United States
- System administration
- 5
- Companies of the United States by year of establishment