Kaseya enjoys rapid adoption of cloud offering, sees growth in channel business
Cloud-based IT management software provider Kaseya saw rapid adoption of its cloud offering as well as significant growth in its channel business in 2014.
Kaseya says the company’s growth was fuelled by strong product delivery in 2014 including investment in Kaseya's core IT management technologies, coupled with the introduction of new capabilities through both organic development and acquisition.
Nearly 70% of Kaseya's new customers purchased its cloud offering in 2014, and new cloud subscriptions grew by almost 40% year-over-year.
The company says accelerating adoption of Kaseya's cloud offering is attributable to the quick time-to-value it offers managed service providers and mid-sized enterprises, enabling them to deliver high quality IT services efficiently, and without the burden of building and maintaining their own IT management infrastructure.
Kaseya also reported strong growth in its new product offerings. In the summer of 2014, Kaseya acquired Identity and Access Management (IAM) vendor, Scorpion Software, adding multi-factor authentication, single sign on and password management to its portfolio.
IAM revenue grew by 45% in the second half of 2014 compared with the same period the year before. Another acquired technology, 365 Command, which simplifies Microsoft Online Services management and administration, saw 60% growth in the number of mailboxes under management in 2014, with more than two million total Office 365 mailboxes now under Kaseya management worldwide.
Kaseya also made significant investments in its core VSA IT management product, fulfilling on its promise to deliver three high quality product releases to its customers during the year.
“Highlights included the unveiling of the world's fastest remote control, enabling technicians to resolve issues remotely with great speed and reliability,” the company says in a statement. “In addition, we brought to market integrated network monitoring to enable the management of the entire IT environment from a single solution, making Kaseya VSA the only integrated network, system, client and mobile device management solution for MSPs and mid-sized enterprises.”
Kaseya also saw its global channel business grow nearly 40% year-over-year. The company added new channel partners in key regions and enhanced its global channel and alliance programme in 2014.
"We had some very aggressive goals we wanted to deliver on for our customers in 2014," says Yogesh Gupta, president and CEO of Kaseya.
"We made it our priority to deliver important enhancements like our new remote control solution that make the day-to-day task of managing IT much easier, while also adding critical new capabilities such as Identity and Access Management so that MSPs and IT departments can deliver the kind of IT services required to be successful today and into the future."