IT management solution developer Kaseya has acquired Unitrends, an enterprise backup and continuity service provider.
Through this acquisition, Unitrends will become a wholly owned subsidiary of Kaseya, but both will work under their respective brands. Unitrends will continue operating from its Massachusetts headquarters and plans to expand its workforce.
Unitrends provides medium to large businesses with an all-in-one solution for the backup and support solutions for their IT infrastructure. The platform uses AI and automation to help protect a business from issues such as ransomware.
Its solutions include backup and recovery, cloud backup and recovery, disaster recovery and continuity, long-term retention, ransomware protection, analytics and reporting, and disaster recovery planning.
The Ireland-headquartered company, which is owned by Insight Venture Partenrs, is an IT management solution for mid-sized companies. Its solutions can help enterprises to easily manage remote and distributed environments, command all IT centrally, and automate IT management tasks.
Kaseya’s technology can be used for a range of processes including: finance, hospitality, healthcare, retail and education among others. For financial institutions the solution can automate tasks, fulfil IT audit reporting requirements and support new branches or ATM locations.
This acquisition will see Unitrends’ business continuity and disaster recovery work alongside Kaseya’s IT management solution to enterprises with a single platform for their IT needs. Together, the companies can offer remote monitoring and management, endpoint management, network monitoring and management, professional services automation, IT service desk, security, and backup and disaster recovery.
Kaseya CEO Fred Voccola said, “Over a year ago, we embarked on a journey to provide our customers with the best BCDR solution for their needs. After working with Unitrends to launch the Kaseya Unified Backup offering to our MSP customers, as well as introducing the core Unitrends product to our enterprise customer base, we witnessed the explosive adoption of these solutions and decided that it just made sense to further our relationship and to bring our two companies together.
Late last year, Kaseya secured €38m in a funding round to support the creation of 130 new jobs in its Dublin-based office. Ireland Strategic Investment Fund was among the investors and committed €19m to the company.
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