Kaseya has acquired security and authentication provider Scorpion Software for an undisclosed amount, in a move that executives said is a key step in the company's transition to a leading cloud-based IT management company.
With all of the security breaches in the past few months, Kaseya CEO Yogesh Gupta said that there was a lot of demand from customers for an identity and access management solution as part of the Kaseya portfolio. A longtime partner of Kaseya, Scorpion Software had a quickly and easily deployable solution, price range and was already integrated with the Kaseya platform.
"I think, to me, when I came to Kaseya a year ago, I saw that there was an opportunity to build a billion-dollar software company. For us to do that, we need to address the needs of the midmarket as well as MSPs in a very holistic manner through a cloud platform," Gupta said. "This announcement is a key part of making that happen. That's why we're excited about it."
More specifically, the acquisition will add features such as single sign-on, web-based SSO, secure remote access, multifactor authentication, credential management, compliance, password automation and password auditing to the Kaseya IT management offering. With the addition of those features, Gupta said that the acquisition will help Kaseya become even more of an "out of the box, in the cloud" solution for both IT management and security.
"To me, that's the beauty of this and why it gets me excited," Gupta said. "Scorpion by itself is unique. Kaseya by itself is unique. Together we're unstoppable."
"Our overall game plan is to be the market leader for IT management and security in the cloud," Gupta said. "It's as simple as that."
Dana Epp, founder of Scorpion Software, said that bringing Kaseya into the equation for the identity management vendor would help give IT service providers and midmarket IT professionals access to the information they need to keep their users and systems secure.
"The idea of leveraging Kaseya to weave those infrastructures directly into the next-generation cloud and a lot of the existing infrastructure to extend it really makes a lot of sense," Epp said. "When we look at identity management today, it's mostly looked at as an enterprise play for end users. It's missing out on a huge reality that while people have access to things, IT needs to manage it. People need to be able to manage and control and audit and know what's going on. That's some of the capability that Kaseya is adding."
Epp will join the Kaseya team as principal architect of identity access management.
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