Tim Pabich, Founder And CEO, Magnitech
What was/is your general reaction to and thoughts about the announcement?
Nothing really surprises me anymore with M&A. Once the founder sells the company for the first time, it’s [only] a matter of time before it’s sold again. What I thought was interesting was that a $2 billion company is acquiring the $6 billioncompany, and not the other way around. Maybe it’s because Kaseya is headquartered in Florida, like ConnectWise?
What do you predict the business impact will look like? The expansion?
I’m guessing it’s business as usual until both sides can gel and figure out the standard offering. There’s a lot of overlap in the tools and technology acquired. It’s clearly about the customers acquired and keeping them under contract.
What will this mean for partners? For the industry as a whole?
It will mean less choice with two major stacks (Kaseya and ConnectWise). Right now, we are mixed in both companies. The agony of change is real, and trying to change solutions to keep up with the consolidation is expensive and time-consuming. Kaseya and ConnectWise have had their differences which have been on display in the past, so it’ll be interesting to see how everyone plays out.
What will the new brand look like? Who and what will survive?
Not sure what they’ll call themselves, or what the org chart will look like, but I would expect some early retirements coming.