Kaseya has acquired Scorpion Software for an undisclosed amount. The RMM provider said the acquisition will help build the foundation for its Identity Management as a Service (IDaaS) Offering.
Kaseya President and CEO Yogesh Gupta.
Remote monitoring and management (RMM) software provider Kaseya on Tuesday announced its acquisition of Scorpion Software, an identity and access management solutions provider. The financial terms of the deal were not disclosed.
As a result of the acquisition, Scorpion Software’s AuthAnvil products will be integrated into Kaseya’s solutions suite to create a cloud-based IT management and security offering, forming the foundation of Kaseya's Identity Management as a Service (IDaaS) offering.
Scorpion Software's identity and access management solutions combine an integrated two-factor user authentication process with password management and single sign-on.
Scorpion Software provided this statement on its website regarding its acquisition by Kaseya:
"Organizations today are faced with an ever-increasing set of challenges related to secure information access. They need to provide their employees secure and easy access to a growing number of applications from any device anywhere and to efficiently manage the complexities of providing this. At the same time, credentials are increasingly being stolen or compromised in today’s always-on mobile world. Unauthorized access to sensitive data can cause financial losses, reputation damage, and even expose companies to regulatory penalties for privacy violations. Thus, offering access with the highest levels of security is paramount, while making it easy for organizations and employees to manage their growing set of access credentials is critical to drive efficiencies and compliance with security policies.
"Identity and access management is a critical aspect of every MSP and IT department’s capabilities and Kaseya customers have been asking Kaseya to help address these challenges. The addition of the Scorpion Software AuthAnvil product set creates an IT management and security offering unparalleled in the industry. The AuthAnvil technologies will also form a strong foundation for Kaseya’s next generation IDaaS offerings."
Scorpion Software said employees of its technical, sales, marketing and support teams are joining Kaseya -- all of them.
"We’re very excited about the opportunities that this acquisition provides to expand our channel partner ecosystem," Kaseya President and CEO Yogesh Gupta told MSPmentor. "AuthAnvil has been sold exclusively through Scorpion Software’s network of partners around the globe and Kaseya has a strong global partner ecosystem of its own."
He added: "The combined partner eco-system will therefore be bigger and stronger and will be able to address both the IT management and security needs of the market."
As far as Kaseya's acquisition strategy, here's what Gupta said:
"Kaseya continues to innovate as evidenced by its delivery of the fastest remote control, integrated public, private and hybrid could management, and management of all end-user devices, mobile and otherwise in our Release 7.0. We also continue to look for opportunities to better serve our MSP and mid-market customers through a broad integrated set of IT Management and Security solutions. If we determine that our customers and business will be best served through certain acquisitions that strengthen our platform, we will do so.
"Our goal is to ensure we continue to deliver the market leading IT management cloud platform to our customers and address our customers’ evolving needs. To that end, we’ll innovate and build new products, acquire companies when it makes sense, and above all, integrate our offerings to deliver a unified platform to our customers and partners."
Some managed services providers (MSPs) have been critical of Kaseya's intentions of moving its IT management software to the cloud.
Gupta has responded by saying there isn't a deadline for when Kaseya would like its partners to move to cloud, adding that he doesn't believe it will be in the next three years.