Kaseya, the IT systems management provider, is teaming up with Safe Systems, an IT support and hosted services provider for financial institutions, to create an IT management solution for the financial services vertical. The move comes as a growing number of MSPs (managed services providers) specifically target the financial services market.

According to Kaseya President Mark Sutherland, the Safe Systems relationship arrives at an opportune time for financial institutions. Many banks and financial services firms waste valuable time on manual configuration, monitoring, anitvirus, verifying backups, patch reporting and other mundane tasks, Kaseya asserts. The Kaseya-Safe Systems partnership seeks to automate those tasks, freeing up banks and financial services firms to focus on IT innovations.

The Kaseya relationship potentially is a big win for Safe Systems, an MSPmentor 100 company and a recognized leader in financial sector compliance solutions. MSPmentor is double-checking to see if Kaseya plans to sell the solution direct to banks, or if additional MSPs can participate in the initiative.

Roughly 34 percent of MSPmentor 100 survey participants say they focus on the financial services and banking vertical. Among the companies worth knowing: HEIT (a CSI company) and ProNet Solutions, each of which has successfully promoted managed services and cloud services into the community banking vertical.

Additional insights from Joe Panettieri.