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Kaseya reports strong performance in 2013

[Johannesburg, 14 February 2014] - Kaseya, a leading provider of IT systems management software, today announced it closed 2013 with exceptionally strong momentum in software bookings, new customer acquisition, and SaaS adoption. These outcomes reflect the renewed strength and focus of the company resulting from recent management changes and new product-focused investments.

Kaseya reported that in the second half of 2013, software subscription bookings grew more than 50% compared to the same period in 2012. In the same six-month period, the company also added over 500 new customers globally, 60% of whom purchased Kaseya's software as a service (SaaS) offering.

This growth shows the impact of recent corporate changes. In June 2013, Insight Venture Partners acquired Kaseya, and Yogesh Gupta was named President and CEO. Gupta immediately put a seasoned management team in place, and Kaseya embarked on significant new engineering investments to enhance and expand its IT systems management offering. As a part of this, the company implemented a comprehensive agile development process, which has enabled the company to accelerate its release cycles, offering three high-quality releases per year. The first of these releases, Kaseya Virtual Administrator (VSA) 6.5, came out in January 2014. Within the first two weeks, over 1 000 customers upgraded and began taking advantage of the new release. The release delivers enhanced quality and performance, as well as new platform support. Release 6.5 is the first of three Kaseya releases that will be delivered in 2014.
[Full Story.]

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Kaseya reports strong performance in 2013

Last updated: 14 February 2014