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Kaseya CEO Fred Voccola On COVID-19, Connect IT And ConnectWise

‘Show me a business growing around 20 percent a year. We‘re well over $300 million. We’re 1,380 people worldwide. We’re not a small business. My peers are having a much more difficult time. We have not laid off a single employee, nor will we lay off employees. We’re actually still hiring,’ says Kaseya CEO Fred Voccola.

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Does that situation benefit Kaseya?

We‘re taking ConnectWise customers all the time. It’s happening more frequently now than it did four months ago. I think that there’s some underlying challenges that ConnectWise has, and they need to work through them. Arnie [Bellini, ConnectWise CEO,] sold the business. They had the leader of the company leaving. They’re operating under a private equity firm which is known for very aggressive cost cutting and value creation that way. There’s nothing wrong with that. It’s what they’re known for, as opposed to others that are more growth equity-driven. I think that the partner community there is going to suffer a bit, and it’s like the worst time in history to do that to your customer base.

Has this helped Kaseya's hiring at all?

They only clipped them [last month]. A lot of the ConnectWise employees were laid off in the state of Florida. ConnectWise is notorious for putting very aggressive non-competes in their employee contracts. So we would never solicit. There are legal issues and stuff, and we don‘t bother with it. We’ll see. Datto laid off a bunch of people. A lot of those are interesting, good people. We’ve hired one recently. We’re looking there as well, across the community. But I haven’t seen any fallout from this yet.

 
 
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