Insight Venture's Kaseya and Unitrends merge

The transaction comes six months after the Irish Strategic Investment Fund invested €19m in a €38m funding round for Kaseya, which is dual-headquartered in Ireland and the US. The funding round was intended to enable the business to undertake a recruitment drive, with the intention of increasing the headcount in its Irish operations from 30 to 160.

The consolidated business will offer a wider range of IT products and services comprising remote monitoring and management, endpoint management, network monitoring and management, professional services automation, IT service desk services, security, and backup and disaster recovery.

Insight first invested in Kaseya in June 2013 and is the majority shareholder in the company. The firm acquired a majority stake in US-based Unitrends four months later.

Following the merger, both companies will continue to operate under their existing brands and with their existing management teams, while Unitrends will invest in recruitment.

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.

Unitrends was founded in 1989 and is headquartered in Burlington, Massachusetts. The company provides software related to backups and disaster-recovery, as well as associated hardware and services.

People
Kaseya – Fred Voccola (CEO).
Unitrends – Paul Brady (CEO).

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