It turns out Technisys’s $50 million Series D investment was not the only announced fund-raise last week by some of South Florida’s largest tech players.
Miami-based Kaseya announced on Friday that it has received an investment of more than $500 million. Investors include TPG, a leading global alternative asset firm, and Insight Partners, an existing investor in the company and one of the most active investors in Florida companies.
Kaseya is an IT infrastructure management solutions for both external service providers — MSPs — and internal service providers such as IT departments. This investment builds upon Kaseya’s recent momentum, which includes 30%+ annual company growth, the expansion its customer base to 40,000 customers worldwide, and four major acquisitions — Unitrends, Spanning Cloud Apps, RapidFire Tools and IT Glue.
The company will use this investment to fuel growth through additional strategic acquisitions, further expand into international markets, and increase R&D spending. Kaseya has made 10 acquisitions in the last six years, the company said on Friday.
“Technology is becoming more critical for small to mid-size businesses every day, and whether they receive it from a managed service provider or their own internal IT department, they want more efficient solutions that yield greater results,” said Fred Voccola, CEO of Kaseya, in a news release. “This investment validates our position as the only industry player that can offer these innovative, integrated solutions from a single pane of glass.”