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 Channel Futures

Mergers and Acquisitions


Shutterstock

Security Operations Center SOC

Kaseya Buying RocketCyber to Improve MSPs’ Security Capabilities

  • Written by Edward Gately
  • February 23, 2021
This acquisition "catapults" Kaseya even further ahead of its competition, the company's CEO said.

Kaseya is acquiring RocketCyber, a combination that will give MSPs another tool to protect customers against every type of cyberattack.

Dallas-based RocketCyber developed a cloud-agent security operations center (SOC) that requires no hardware or specialized equipment. It deploys in minutes and integrates into a customer’s existing security and ticketing products. That makes it ideal for the Kaseya IT Complete platform, the companies said.

RocketCyber’s managed SOC provides a 24/7 team of security analysts. They detect and respond to threats across endpoints, networks and cloud attack vectors.

Ahead of the Competition

Fred Voccola is Kaseya’s CEO. He said this acquisition “catapults” Kaseya even further ahead of its competition.

Kaseya's Fred Voccola

Kaseya’s Fred Voccola

“Without a doubt, we are the only IT infrastructure and security solutions provider in the industry to deliver managed SOC, automated internal threat detection, credential monitoring, anti-phishing and more for a truly comprehensive, end-to-end cybersecurity suite that tackles all of today’s modern threats,” he said. “Not only that, but we deliver these … tightly integrated solutions all in a single platform.”

SMBs get unparalleled cybersecurity protection, Voccola said. MSPs, in particular, can expand their security offerings to deliver billable monthly services that grow recurring revenue.

Few companies build SOC solutions for the MSP and with the cost-sensitive SMB owner in mind, he said.

Keep up with the latest channel-impacting mergers and acquisitions in our M&A roundup.

“We continuously look for solutions that not only complement, but elevate, the Kaseya IT Complete platform,” Voccola said. “The deal with RocketCyber has been in the works for the past six to eight months, as we continue our investment and expansion of Kaseya’s security offerings to meet the dynamic, changing needs of our customers.”

The Power of Managed SOC

Despite the surge in demand for IT support, budgets and resources remain limited, Voccola said. As a result, IT must continuously contend with having to do more with fewer resources.

“With the power of a managed SOC solution, IT teams have an added line of defense that provides expert security analysis and support 24 hours a day, seven days a week, 365 days year,” he said. “This level of round-the-clock surveillance against all types of cybersecurity threats is what IT needs to help them stay a step ahead of breaches and other vulnerabilities, and also enables them to deliver the level of service their customers expect.”

RocketCyber will continue to operate as an independent business within Kaseya, in Dallas. Kaseya’s SOCs will be in Dallas, Miami and Dublin. Additional integrations across the IT Complete suite are in development between RocketCyber and ID Agent Dark Web ID, IT Glue, Graphus and RapidFire Tools.

“When Billy Austin and I came together to found RocketCyber, our mission was to bring high-end cybersecurity capabilities to the masses and safeguard organizations against the onslaught of cyberattacks and cybercriminals,” said Carl Banzhof, RocketCyber’s CEO and co-founder. “RocketCyber is the culmination of our combined 50-plus years of experience in creating intrusion detection, vulnerability, risk and compliance technologies. In the end, Kaseya was the clear choice for us with its rich security platform. Now that our products are deeply integrated, MSPs and SMBs can protect themselves against all attack vectors and sleep soundly at night.”

Tags: MSPs Business Models EMEA Mergers and Acquisitions RMM/PSA Sales & Marketing Security Strategy

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