Managed services platform vendor Kaseya has acquired the assets of ObjAcct, the makers of ObjAcct XML Accounting Suite, according to Kaseya.
Kaseya plans to integrate the suite into its systems and service management platform as a means to create an easier way for IT professionals to capture and monetize the costs associated with the delivery of IT services, according to Gerald Blackie, chairman and CEO of Kaseya.
"It's a company that we've worked with for some time. They've done a great job with next-gen XML-based accounting. It meshes well with the technology we use," Blackie said.
The ObjAcct XML Accounting Suite will become known as Kaseya Financials for IT Services, and be an integral new element of Kaseya’s core framework, Blackie said. It will be combined with the Billing for IT Services application that Kaseya picked up during the 2009 acquisition of Datatune, according to the company. With ObjAcct, Kaseya now has all the ingredients to offer a fully integrated IT systems management solution that encompasses money, people and IT assets, Blackie said.
"One of the things I've always held in my views of IT is that we don't have a true 360-degree view of what goes in IT either at an in-house IT department or through the service provider category," Blackie said. "At the service provider end, folks have a lot of good financial information, runtime and billing systems and so forth, but as we enter the new world of proactive services, SLAs and best practices service deliveries, we're looking to understand what the efficiency is of the organization based on the number of folks in IT providing those services, looking at all kinds of data around the acquisition of IT assets. Are we maintaining good stewardship of IT assets? All those things can only be answered in a strong IT financials framework."
ObjAcct can give service providers more of a financial picture into their own services offerings, but can also help end users understand the financial framework of the services, Blackie said.
"The financial framework itself fits in the market segment where Microsoft and others are moving up market. If [service providers] choose, they could be in a position to offer financial services from their Kaseya framework," he said.
