Kaseya
 | |
| Company type | Private |
|---|---|
| Industry | Information technology |
| Founded | 2001 |
| Founder | Mark Sutherland Paul Wong |
| Headquarters | Miami, Florida |
Key people |
|
| Products | Network monitoring System monitoring |
| Revenue |  US$1.3 billion (2022) |
| Owner | Insight Partners (majority owner) |
| Website | www |
Kaseya Limited (/kəˈseɪ.ə/ kə-SAY-ə) is a company headquartered in Miami that develops software for network monitoring, system monitoring, and other information technology applications. It is majority-owned by Insight Partners and owns the naming rights to the Kaseya Center. The name of the company means "protect and defend" in the Sioux language.[1] The company was estimated to be valued at $12 billion in April 2023.[2]
History
[edit]Kaseya was founded in 2000 in California by Mark Sutherland and Paul Wong, who previously worked together on a project for the National Security Agency.[3]
In 2003, Gerald Blackie joined the company as its CEO.[4]
In June 2013, Insight Partners acquired control of the company and Yogesh Gupta became CEO.[5]
In July 2015, Fred Voccola was named CEO of the company.[6]
In 2018, the company moved its headquarters from Boston to Brickell, Miami.[7]
In April 2023, the company acquired the naming rights to the Kaseya Center in a 17-year, $117.4 million agreement.[8]
Security Issues
[edit]In 2015, Kaseya fixed a directory traversal vulnerability in their remote access tool.[9] The same bug was present in the company's support website for a further six years.[10]
In 2018, the company's remote tool was infiltrated and hackers were able to commandeer affected computers to mine cryptocurrency.[3]
In July 2021, the Kaseya VSA ransomware attack, perpetrated by REvil, led to downtime for 60 customers and over 1,500 downstream businesses.[3][11][12]
In 2024, the company laid off 150 employees or about 8% of its Miami workforce. The company stated that it was part if its normal performance based reviews and that the jobs would not disappear.[13]
Acquisitions
[edit]| # | Year | Company | Notes | Ref(s). |
|---|---|---|---|---|
| 1 | May 2011 | Intellipool AB | Network performance monitoring | [14] |
| 2 | July 2013 | Zyrion | Cloud backup & disaster recovery | [15] |
| 3 | July 2013 | Rover Apps | Work-related security for personal devices | [16] |
| 4 | October 2013 | 365 Command | Microsoft 365 administration | [17] |
| 5 | June 2018 | Unitrends | Data protection technology | [18] |
| 6 | October 2018 | Spanning Cloud Apps | Cloud backup & disaster recovery | [19] |
| 7 | May 2019 | ID Agent | Threat intelligence and identity monitoring | [20] |
| 8 | August 2020 | Graphus | Phishing defense | [21] |
| 9 | February 2021 | RocketCyber | Security operations center | [22] |
| 10 | June 2022 | Datto | Backup and disaster recovery; $6.2 billion price | [23] |
| 11 | October 2022 | ConnectBooster | Account receivables automation | [24] |
| 12 | April 2023 | Vonahi Security | Automated network penetration testing | [25] |
| 13 | October 2024 | SaaS Alerts | Cloud security platform | [26] |
References
[edit]- ^ Walker, Heather (April 10, 2023). "What Does Kaseya Mean? Heat Arena Officially Has a New Name". WTVJ.
- ^ "After FTX meltdown, county has $117 million solution in Kaseya Center as Heat's home". Miami Herald. April 4, 2023.
- ^ a b c O’BRIEN, MATT (July 13, 2021). "Firm hacked to spread ransomware had previous security flaws". Associated Press.
- ^ BURKE, STEVEN (May 21, 2013). "50 Cool Tools For Solution Providers". CRN.
- ^ Tontsi, Phumeza (June 27, 2013). "Insight Venture Partners makes investment in Kaseya". ITWeb.
- ^ "Kaseya Names New CEO, Fred Voccola to Drive Company's Rapid Growth Phase" (Press release). Marketwired. July 7, 2015.
- ^ Correa, Monica (February 28, 2023). "Brickell-based Kaseya gets incentive to add 3,400 IT jobs". Miami Today.
- ^ "Heat arena, formerly FTX, renamed Kaseya Center on 17-year deal". ESPN. April 4, 2023.
- ^ "CERT/CC Vulnerability Note VU#919604". www.kb.cert.org. Retrieved 2024-10-12.
- ^ "Kaseya Left Customer Portal Vulnerable to 2015 Flaw in its Own Software – Krebs on Security". 2021-07-08. Retrieved 2024-10-12.
- ^ Wile, Rob; Wilner, Michael (July 6, 2021). "One of Miami's oldest tech firms is at the center of a global ransomware computer hack". Miami Herald. Archived from the original on October 6, 2021.
- ^ Osborne, Charlie (July 23, 2021). "Updated Kaseya ransomware attack FAQ: What we know now". ZDNet.
- ^ https://www.miamiherald.com/news/business/article287422165.html
- ^ "Kaseya to Acquire Intellipool AB" (Press release). Business Wire. May 2, 2011.
- ^ Talbot, Chris (2013-07-10). "Kaseya Acquires Zyrion for Monitoring, Management Features". Channel Futures. Retrieved 2024-10-30.
- ^ "Kaseya Acquires Rover Apps" (Press release). GlobeNewswire. July 16, 2013.
- ^ "Insight Venture-Backed Kaseya Buys 365 Command". The Wall Street Journal. October 24, 2013.
- ^ KOVAR, JOSEPH F. (May 3, 2018). "Kaseya Acquires Unitrends, Integrates Data Protection To IT Management Platform". CRN.
- ^ Panettieri, Joe (2018-10-01). "Kaseya Acquires Spanning: Microsoft Office 365 Cloud Backup". ChannelE2E. Retrieved 2024-10-30.
- ^ Francis, Allison (2019-05-08). "Kaseya's ID Agent Buy Strengthens IT Complete Security Suite". Channel Futures. Retrieved 2024-10-30.
- ^ NOVINSON, MICHAEL (August 24, 2020). "Kaseya Buys Graphus To Make Phishing Defense Easy For MSPs". CRN.
- ^ "Kaseya Supercharges IT Complete Security Suite with the Acquisition of RocketCyber" (Press release). GlobeNewswire. February 23, 2021.
- ^ FAIRFIELD, C.J. (June 23, 2022). "It's Official: Kaseya Completes Datto Acquisition". CRN.
- ^ "Kaseya Makes Billing Painless for its MSP Customers Through ConnectBooster Integration" (Press release). PRWeb. October 5, 2022.
- ^ "Kaseya Acquires Vonahi Security to Revolutionize Cybersecurity with Automated Network Penetration Testing" (Press release). WXIN. April 25, 2023.
- ^ Davis, Jessica C. (2024-10-30). "MSSP Market Update: Kaseya Acquires SaaS Alerts, Disrupts Pricing Again". MSSP Alert. Retrieved 2024-10-30.