Kaseya, a global provider of IT automation and systems management software, has 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% 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 growth is driven by its recent launch of Kaseya 2, the next generation of the company’s 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,” says 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.