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Kaseya CEO Fred Voccola On His Rivals, Private Equity And A Possible IPO

The outspoken leader of the ITSM tool provider chimed in on where he sees growth coming from in 2021.

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What about threat monitoring, back up disaster recovery, end point protection?

Security has been growing hand over fist. Security is kind of the flavor of the month. Now with the SolarWinds stuff, it’s more like the flavor of the decade. A lot of people don’t know it. They just buy more and more, because they know more security is better than less. We did over $100 million in recurring revenue in security in 2020.

If you think about backup, the vast majority of backup sales are security related. It’s all tied together. I think that’s what we saw this year. I think next year we will see the same trends. I think we’re going to see a lot of projects.

What do you mean when you say that?

In April, there was talk about 10 million people dying worldwide from this virus. I was thinking, this might be the macro economic event that is just devastating. I’m not saying its not tragic. It was bad. The resilience of the economy to a shock like that, I didn’t expect it.

And we are staring to see this now, but spending is going to spike in the first and second quarters. A lot of projects that were being put on the back burner, are now being spent. Right now, what I’m hearing from MSPs is their backlogs of projects, is that they’re pretty tight for the next six months, and that is a really good sign. I think our sector is in for a really good year?

 
 
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