It’s been a whirlwind year for Kaseya.
According to the Burlington-based IT automation firm, its business grew by more than 30 percent in 2018, and the company serves 40,000 customers around the world.
Today, Kaseya indicated it has no plans to slow down with the announcement of a new $500 million private equity round Led by TPG and Insight Venture Partners.
The bulk of the financing will go towards strategic acquisitions, according to a statement issued by Kaseya.
Acquisitions are certainly nothing new to Kaseya, which has acquired six different companies since the appointment of current CEO Fred Voccola in 2015. Four of those companies were acquired by Kaseya just last year.
Kaseya has used these strategic acquisitions to bolster its position as a provider of IT software automation services. The company designs tools for both internal IT teams, as well as managed service providers.
Kaseya will also use a portion of the new funds to fuel research and development of new products, and connect more deeply with international audiences.
To date, Kaseya has raised $567 million. The company is now valued at $1.75 billion.
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