Kaseya Explained

Kaseya Limited 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

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]

In 2024, the company laid off 150 employees, about 8% of its Miami workforce. The company stated that it was part of its normal performance-based reviews and that the jobs would not disappear.^[9]

Security Issues

In 2015, Kaseya fixed a directory traversal vulnerability in their remote access tool.^[10] The same bug was present in the company's support website for a further six years.^[11]

In 2018, the company's remote tool was infiltrated and hackers were able to commandeer affected computers to mine cryptocurrency.

In July 2021, the Kaseya VSA ransomware attack, perpetrated by REvil, led to downtime for 60 customers and over 1,500 downstream businesses.^{[12] [13]}

Acquisitions

	Year	Company	Notes	Ref(s).
1		Intellipool AB	Network performance monitoring	[14]
2		Zyrion	Cloud backup & disaster recovery	[15]
3		Rover Apps	Work-related security for personal devices	[16]
4		365 Command	Microsoft 365 administration	[17]
5		Unitrends	Data protection technology	[18]
6		Spanning Cloud Apps	Cloud backup & disaster recovery	[19]
7		ID Agent	Threat intelligence and identity monitoring	[20]
8		Graphus	Phishing defense	[21]
9		RocketCyber	Security operations center	[22]
10		Datto	Backup and disaster recovery; $6.2 billion price	[23]
11		ConnectBooster	Account receivables automation	[24]
12		Vonahi Security	Automated network penetration testing	[25]
13		SaaS Alerts	Cloud security platform	[26]

Notes and References

1. News: What Does Kaseya Mean? Heat Arena Officially Has a New Name . Heather . Walker . . April 10, 2023.
2. News: After FTX meltdown, county has $117 million solution in Kaseya Center as Heat's home . . April 4, 2023 . subscription.
3. News: Firm hacked to spread ransomware had previous security flaws . MATT . O’BRIEN . . July 13, 2021.
4. News: 50 Cool Tools For Solution Providers . STEVEN . BURKE . . May 21, 2013.
5. News: Insight Venture Partners makes investment in Kaseya . Phumeza . Tontsi . . June 27, 2013.
6. Kaseya Names New CEO, Fred Voccola to Drive Company's Rapid Growth Phase . . July 7, 2015.
7. News: Brickell-based Kaseya gets incentive to add 3,400 IT jobs . Monica . Correa . . February 28, 2023.
8. News: Heat arena, formerly FTX, renamed Kaseya Center on 17-year deal . . April 4, 2023.
9. https://www.miamiherald.com/news/business/article287422165.html
10. Web site: CERT/CC Vulnerability Note VU#919604 . 2024-10-12 . www.kb.cert.org.
11. Web site: 2021-07-08 . Kaseya Left Customer Portal Vulnerable to 2015 Flaw in its Own Software – Krebs on Security . 2024-10-12 . en-US.
12. News: Wile . Rob . Wilner . Michael . July 6, 2021 . One of Miami's oldest tech firms is at the center of a global ransomware computer hack . live . https://web.archive.org/web/20211006094255/https://www.miamiherald.com/news/business/article252592013.html . October 6, 2021 . Miami Herald.
13. News: Osborne . Charlie . July 23, 2021 . Updated Kaseya ransomware attack FAQ: What we know now . ZDNet.
14. Kaseya to Acquire Intellipool AB . . May 2, 2011.
15. Web site: Talbot . Chris . Kaseya Acquires Zyrion for Monitoring, Management Features . Channel Futures . 2013-07-10 . 2024-10-30.
16. Kaseya Acquires Rover Apps . . July 16, 2013.
17. News: Insight Venture-Backed Kaseya Buys 365 Command . . October 24, 2013.
18. News: Kaseya Acquires Unitrends, Integrates Data Protection To IT Management Platform . JOSEPH F. . KOVAR . . May 3, 2018.
19. Web site: Panettieri . Joe . Kaseya Acquires Spanning: Microsoft Office 365 Cloud Backup . ChannelE2E . 2018-10-01 . 2024-10-30.
20. Web site: Francis . Allison . Kaseya's ID Agent Buy Strengthens IT Complete Security Suite . Channel Futures . 2019-05-08 . 2024-10-30.
21. News: Kaseya Buys Graphus To Make Phishing Defense Easy For MSPs . MICHAEL . NOVINSON . . August 24, 2020.
22. Kaseya Supercharges IT Complete Security Suite with the Acquisition of RocketCyber . . February 23, 2021.
23. News: It’s Official: Kaseya Completes Datto Acquisition . C.J. . FAIRFIELD . . June 23, 2022.
24. Kaseya Makes Billing Painless for its MSP Customers Through ConnectBooster Integration . . October 5, 2022.
25. Kaseya Acquires Vonahi Security to Revolutionize Cybersecurity with Automated Network Penetration Testing . . April 25, 2023.
26. Web site: Davis . Jessica C. . MSSP Market Update: Kaseya Acquires SaaS Alerts, Disrupts Pricing Again . MSSP Alert . 2024-10-30 . 2024-10-30.