Kaseya is adding business service management and monitoring for both private and public clouds to its catalog of capabilities with the acquisition of Zyrion, a provider of cloud and IT service monitoring software.

Kaseya’s focus has been on the remote monitoring and management space, and the company has worked with VARs and managed service providers (MSPs) for some time to empower partners in their own businesses. The vendor also provides an online backup service for its partners that leverages Amazon S3.

With this latest acquisition, Kaseya is adding addition service montoring software to its portfolio. Zyrion monitors and manages IT services using ITIL-based business service management technology for distributed and complex data center environments. Combined with Kaseya’s technology, Kaseya expects to be able to offer a complete portfolio of business services for monitoring and managing private and public clouds.

“We see significant demand from the industry for the ability to proactively and easily monitor new IT environments, including cloud and virtualization. Moreover, monitoring and managing the entire IT infrastructure from a business service view is extremely powerful in these hybrid environments. We believe Zyrion has built a market-leading product to meet this demand. The combination of these best-of-breed technologies will dramatically increase the value proposition for customers and will further drive Kaseya’s growth and success,” said Yogesh Gupta, CEO of Kaseya, in a prepared statement.

The acquisition adds new and enhanced capabilities to Kaseya’s portfolio, including complementary capabilities that add to the vendor’s own strengths in IT service management.

“With strong support across the infrastructure, Zyrion has evolved to deliver richly diverse capabilities for application monitoring, and is the industry’s single most pragmatic approach to service modeling, bar none. The combined company offers a very compelling solution to organizations looking for business service monitoring and management within a complementary automated IT management platform,” said Dennis Drogseth, vice president of Enterprise Management Associates, in a prepared statement.

For MSPs, Kaseya is expecting a massive opportunity. Take a look at our sister site MSPmentor for a more detailed breakdown on that opportunity from Gupta, who said it is a $1 billion to $10 billion opportunity for the vendor and its MSP partners. Additionally, Zyrion CEO Vikas Aggarwal provided some insight into the growing MSP opportunity the joining of the two companies will create.