Kaseya Looks To The Future
The loquacious CEO Fred Voccola is coming off a stellar year for Kaseya with growth greater than 20 percent for the IT software vendor. He is looking forward to an even stronger 2021, as IT project work rebounds and the SMB dives deeper into its own digital transformation.
“We’re very fortunate that we’re in this space,” he told CRN. “I think that trend is going to accelerate even further. I think that you’re going to see the -- it’s a cheesy term -- but the digital transformation of literally every SMB industry is going to continue to accelerate massively because the value that can be achieved is so great.”
Voccola said as small businesses return to full operation this year, their remote services – such as telemedicine – will not be turned off, but will continue to generate revenue. Meanwhile overshadowing all of the players in the ITSM space are the billions in private equity and public investment dollars that are flooding the Software-as-a-Service ecosystem.
Kaseya and rival SolarWinds MSP are mulling possible public offerings, while competitor Datto led the way last October with its own public market debut. Voccola said odds are Kaseya will be a publicly traded company by the end of the year.
“I’ll give you a number and I’ll give you some context. There is a 66 percent, two thirds chance we are a public company in calendar 2021,” he said. “There is a 75 percent chance that we are a public company by the end of Q1. The reason there is a delta there, it depends on how quickly we can get all that back office stuff ready to go.”
Two weeks ago, Kaseya acquired RocketCyber, a cybersecurity company that developed a cloud-agent SOC that needs no hardware or specialized equipment, and integrates into a customer’s existing security and ticketing products. It will be added to Kaseya’s IT Complete platform and targeted at SMBs who need 24/7 security monitoring, Voccola said.
“With this acquisition, we’ve doubled down on our security investments to provide our customers with access to experts who can continuously monitor their IT environments without the cost and complexity of disparate tools,” Voccola said.