Kaseya Continues Global Expansion and Record Growth in Q1, 2010
LAUSANNE, SWITZERLAND, April 19, 2010 — Kaseya, the leading global provider of IT automation and systems management software, today announced record revenue and corporate growth during the first quarter of 2010. The company reported record sales and new customer acquisition in all regions worldwide, led by sales to IT service providers, which increased more than 50 percent over Q1, 2009. In order to meet increasing demand, Kaseya opened new offices and expanded its operations in China, Canada, India and Ireland.
The company now has more than 350 employees and is funded through the earn-to-grow model. The company has no debt or external investors.
Kaseya’s explosive growth is driven by its recent launch of Kaseya 2, the next generation of its powerful software. Kaseya 2 includes Software-as-a-Service (SaaS) and on-premises solutions, designed to help companies and IT service providers of all sizes manage their IT systems more efficiently.
“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 realizing 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.”
According to the recent MSPmentor 100 list (February 2010), more than half of the top 100 information technology-based managed service providers (MSPs) worldwide use Kaseya. The survey also revealed that 60% of the Top 25 MSPs ranked by recurring revenue use Kaseya, growing at a stunning rate of 152% despite ongoing economic conditions.
“Kaseya has played a huge role in our success,” according to Jason Evans, CEO at PEQ, the third-ranked MSP on the MSPmentor 100. “Kaseya truly understands how to work with its customers to help them achieve profitable, positive results. Kaseya’s software allows us to focus on growing our business, which is extremely important for survival in current market conditions.”
“Our Q1 results and the company’s rapid growth prove we’re delivering the functionality customers want,” said Mark Sutherland, president of Kaseya. “Results are the ultimate test of a company’s value in the marketplace.”
About Kaseya
Kaseya is the leading global provider of IT Systems Management software. Kaseya’s solutions empower virtually everyone –– from individual consumers to large corporations and IT service providers –– to proactively monitor, manage and control IT assets remotely, easily and efficiently from one integrated Web-based platform. To learn more, please visit http://www.kaseya.com
Contact: Heather Lowles
Kaseya
heather.lowles@kaseya.com+1 (415) 694-5700, ext. 4819
