Kaseya has acquired Zyrion, a provider of cloud and IT service monitoring software solutions. The move comes only a few weeks after Insight Venture Partners acquired Kaseya. Financial terms were not disclosed. Here’s the update for managed services providers (MSPs).

MSPmentor believes the combined Kaseya-Zyrion business is significantly larger than most traditional RMM (remote monitoring and management) software providers. I suspect the combined business will generate $120 million to $150 million or more in combined annual revenues (my estimate, which is unconfirmed).

Kaseya and Zyrion say their respective products don’t overlap one another but we’ll poke around to see what MSPs think. Other key rivals will include SolarWinds and N-able; AVG and Level Platforms; ConnectWise-LabTech Software; and Continuum (among others).

Zyrion provides ITIL-based monitoring software for data centers. Kaseya claims the deal will allow MSPs and corporate IT managers to oversee public and private clouds.

Yogesh Gupta, CEO of Kaseya, pointed to Zyrion’s strength in monitoring cloud and virtualized environments. All of Zyrion’s management and staff will join the Kaseya team as part of this acquisition and continue to work on integrating the Traverse solution with the Kaseya platform, the companies said.

We’ll be back with more analysis soon.