The company has reported record sales and new customer acquisitions in all regions during the first quarter of 2010.

Growth is said to have been led by sales to IT service providers, which increased more than 50% over the same period last year. Kaseya said it had also opened new offices and expanded operations in China, Canada, India and Ireland.

The recent launch of Kaseya 2, the firm's next generation software, was named as a major driver of growth.

“Kaseya 2 has dramatically accelerated our growth in Q1 and opened our entry into new market segments. Managed service providers know it gives them a competitive advantage while more and more corporate customers are realising its cost cutting and productivity potential,” said Gerald Blackie, CEO at Kaseya. “2010 has kicked off very positively and we fully expect to continue this momentum throughout the remainder of the year with growth accelerating out of the global recession.”

Kaseya currently employs over 350 employees and has no debt or external investors.

The firm recently announced that its managed services platform will be used to help drive base 2’s ICT Managed Services business.