Fresh off a cash infusion, acquisition adds ID monitoring, management, anti-phishing chops to Kaseya’s growing list of security features
Well, that didn’t take long.
Infrastructure management vendor Kaseya this week announced the acquisition of ID Agent, a Bowie, Maryland-based maker of threat intelligence and identity monitoring tools. The move mainly targets SMBs, and the MSPs that serve them, with added features for protecting users and networks from cyberattacks.
The Lowdown: ID Agent will continue to operate under its existing brand and as an independent business unit based out of its Maryland headquarters. Founder and CEO Kevin Lancaster will continue to lead the ID Agent team and drive Kaseya’s ongoing security management strategy, officials said.
The Details: The purchase brings significant heft to Kaseya’s current IT Complete security capabilities, which are mainly focused on network and endpoint vulnerability scanning and patch management. Specifically, the ID Agent deal will allow Kaseya to fold into its platform:
ID Agent Dark Web ID, which combines human and dark web intelligence with search capabilities to identify, analyze, and monitor for compromised or stolen employee and customer data and credentials.
ID Agent BullPhish ID, a tool that complements Dark Web ID with simulated phishing attacks and security awareness training campaigns to educate employees.
AuthAnvil Identity and Access Management, an IDAM platform that delivers multifactor authentication, password vaulting, and single sign-on.
Background: Kasyea is quickly making good on its recent vow to become a one-stop shop for tools that power both managed service providers and large IT shops. Just last week, Kasyea said it had landed $500 million in fresh funding to fuel its M&A ambitions. The company received the massive finance injection from its existing venture backer, Insight Ventures, and new investor TPG, last month, Kaseya announced that TPG was taking a minority stake in the firm.
Kaseya claims to be growing at 30% annually as it continues to expand its portfolio of managed service tools and support systems. Kaseya markets its products to enterprises as IT management and automation tools, while also selling applications and resources to managed service providers for remote systems support.
The Buzz: “We’re thrilled to add ID Agent, our fifth market-leading acquisition in the last 18 months, to the Kaseya family and integrate its visionary cybersecurity solutions into IT Complete, our platform to help IT organizations simplify their tech stack by providing everything an IT department could want – and more,” said Fred Voccola, CEO of Kaseya. “What Kevin Lancaster and his team have built with ID Agent is truly outstanding and its offerings are a natural fit for Kaseya’s customers as we continue to innovate our IT Complete offering to help our customers meet the challenge of implementing secure, adaptive, and scalable cybersecurity solutions under one pane of glass.”
“The marriage of ID Agent with Kaseya’s existing security stack will give external and internal service providers greater opportunity to be leaders in cybersecurity protection by staying ahead of emerging threats with powerful, cost-effective services,” said ID Agent’s Lancaster. “This combination bolsters the IT Complete platform and adds to the tremendous momentum that has seen Kaseya grow to more than 40,000 customers worldwide.”