ISIF invests €19m in €38m round for Kaseya

The fresh funding will enable the business to undertake a recruitment drive, with the intention of increasing the headcount in its Irish operations from 30 to 160. The business is also looking to launch a collaboration programme with universities and institutes of technology across Ireland.

Kaseya is majority-owned by Insight Venture Partners and the latest transaction "further strengthens" its relationship with the tech-focused GP, according to a statement. Insight first invested in the business in June 2013.

Company
Dual-headquartered in Dublin and Waltham, Massachusetts, Kaseya is a developer of IT management and monitoring software. Its platforms enable companies to manage and control IT assets remotely from an integrated web-based platform.

Kaseya was founded in 2000 and has 30 offices across 23 countries.

People
Irish Strategic Investment Fund – Fergal McAleavey (head of private equity).
Kaseya – Fred Voccola (CEO).

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• Topics
• Expansion
• UK / Ireland
• Technology
• Ireland
• Insight Venture Partners
• Venture