Kaseya Stock Ownership and What the Company Does

Explore opportunities to own the Kaseya stock as a private company and learn about the potential for an IPO. Monitor the Hiive marketplace for Kaseya private share availability. 

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Noteworthy Kaseya News

04/11/2022: Datto Acquired by Kaseya for $6.2 Billion
05/03/2019: Kaseya Raises More Than $500 Million
11/16/2017: Kaseya Gets $22.4 Million From Irish Fund
06/27/2013: Insight Venture Partners makes investment in Kaseya

What Does Kaseya Do?

Who is Kaseya? Kaseya is an IT management and security software managed service provider (MSP) for mid-to-large enterprises. Most people know of Kaseya because of its naming rights deal for the Kaseya Center, home of the Miami Heat. 

The company’s suite of products helps organizations monitor IT systems, networks, and hardware infrastructure. Large enterprises rely on MSPs to keep their internal and external information systems up and running and secure from intruders and ransomware attacks.  

Kaseya’s flagship platform, Virtual Systems Administrator (VSA), enables IT employees to automate IT maintenance tasks, manage assets, deploy software, and monitor the health of devices across networks. 

Founded in 2000 by former NSA engineers, Kaseya moved its headquarters to Miami in 2018 and acquired naming rights to the Kaseya Center in April 2023. 

The name Kaseya means “protect and defend” in the Sioux native American language.

Kaseya’s competitors include ServiceNow, Solar Winds, ConnectWise, and NinjaOne.

Here’s a video showing the product and explaining optimizations using automations:

Ownership

Kaseya is majority-owned by the private equity/venture capital firm Insight Partners.

Additional owners include:

• TPG is a private equity firm that invested in May 2019.
• The Ireland Strategic Investment Fund (ISIF) invested in November 2017. The ISIF deal included hiring goals in Ireland. 
• Whitman Capital and Kanwal Rekhi provided seed round funding to Kaseya, but it is unclear if the investors currently maintain equity positions. 

Management executives and employees likely own a small stake too. 

Valuation

An accurate Kaseya valuation is not available as of May 2024. As a private equity-owned business, we need more information about the valuation. 

We can look to a few previous references for previous valuations, but these are outdated.  

Three years later, in April 2022, Kaseya acquired Datto for $6.2 billion, which would have valued Kaseya at significantly more than $6.2 billion. 

However, early 2022 was the peak value of hundreds of startups, many of which lost significant value in 2022.

Kaseya likely overpaid dramatically for Datto. 

Shares changed hands on the Hiive pre-IPO marketplace between November 2023 and May 2024 at around $1 per share.

But we do not have share price reference points to peg an accurate valuation on Kaseya at this time. 

IPO Potential

The Kaseya IPO date is unknown and may never occur. Kaseya has a small number of investors, and ownership is concentrated under the wing of one private equity firm (Insight Partners). 

Insight Partners has yet to indicate that it is interested in a Kaseya IPO. Many private equity firms own profitable businesses and reinvest their profits into the company and other businesses.

Seeing that Kaseya likely overpaid for acquisitions in the past, it may seek to recoup some of those losses through a public offering. 

The Kaseya Center naming rights deal may be the first step toward raising public awareness of the company, similar to Acrisure’s naming rights deal in Pittsburgh. 

How to Invest in Kaseya Stock

Our research has uncovered only five private investors in Kaseya. With a tight ownership stack, purchasing shares of Kaseya stock will be challenging. 

Employees with equity may list shares on pre-IPO marketplaces to sell shares. This is the best opportunity to acquire shares at this time. 

1. Monitor Kaseya stock availability on pre-IPO investing platforms

As of May 2024, the Hiive pre-IPO marketplace has a handful of listings available for sale. If accredited private investors want to acquire shares, Hiive is worth monitoring for availability. 

Sign up for an account to see detailed bid/ask activity. Sellers or investors can sign up and list shares or place bids for Kaseya shares on the marketplace. 

Other pre-IPO marketplaces where investors may find opportunities include Equitybee, Forge Global, Equityzen, and Linqto.

Direct pre-IPO investors must be meet the SEC accreditation requirements. Minimum investments range from $5,000 to $50,000 or more for these different platforms.

Non-accredited retail investors can own pre-IPO companies such as Databricks, Anduril, OpenAI, and Anthropic by owning the Fundrise Innovation Fund.

However, Kaseya stock is currently not present in the portfolio. Monitor my Fundrise Innovation Fund review for the latest additions to the fund. 

Please note: This is a testimonial in partnership with Fundrise. We earn a commission from partner links on AccessIPOs.com. All opinions are my own.

2. Participate in the Kaseya IPO via IPO-friendly brokers

As of Q2 2024, Kaseya has not filed for an IPO publicly or confidentially. Because of its current ownership structure, it is unlikely to IPO anytime soon. 

If the private equity firm that owns it wants to recover some of its investment, it may use an IPO to raise funds or liquidate. 

When the company files, retail investors can prepare to invest in the IPO by opening accounts with the following online brokers and watching for IPO opportunities. 

• TradeStation 
• Robinhood

This website monitors growing startups and helps investors gain access to IPO shares. High-demand IPOs can provide opportunities for short-term gains. 

Check out this list of best brokers for IPO investing to learn more about IPO access for retail investors.

3. Invest after the IPO (may never happen)

Investing in a company after it goes public, rather than rushing to invest in it while it is still private, can offer several advantages. Here are three key benefits: 

• Enhanced transparency and regulatory oversight — Regulatory frameworks provide transparency into a company’s financial health and operational risks, reducing the likelihood of investing based on incomplete or misleading information.
• Liquidity and Market Accessibility — Publicly traded shares offer more liquidity compared to private investments, even with increased access for retail investors in recent years. When a company IPOs, its shares become easier for investors to buy and sell shares. Liquidity provides flexibility to adjust investment portfolios in response to market conditions or personal financial needs.
• Market Validation and Price Discovery — The IPO process validates a company’s valuation and business model. Investment banks and underwriters perform due diligence and market the offering to institutional investors, who, in turn, set an initial trading price based on their analysis. This process helps establish price discover, providing individual investors with a reference point that reflects broader market sentiment.

Though investors may lack the patience to invest in innovative companies, stock prices often fall after the IPO, presenting excellent opportunities for long-term buy-and-holding investors. 

Frequently Asked Questions (FAQs)

Is Kaseya publicly traded?

No. Kaseya is not publicly traded. It is a private startup.

What is the Kaseya stock symbol?

This is a private company, so there is no Kaseya stock symbol. 

“KSYA” is available if it ever decides to pursue an IPO.

What is the Kaseya stock price?

A public Kaseya stock price does not exist because the company remains private. 

Data on the pre-IPO marketplace Hiive shows that transactions occurred at around $1 per share in late 2023 and Q2 2024. 

Conclusion

Curious retail investors familiar with Kaseya because of the Kaseya Center explore the company’s business side. What does it do, who owns Kaseya, etc.?

Private equity is unfamiliar to many because of the private nature of these holding companies. Since Kaseya is majority-owned by Insight Partners, a private equity firm, they call the shots. 

Furthermore, Kaseya’s business dealings are not made public. Therefore, curious investors will likely not have a chance to invest in Kaseya. 

That said, the Kaseya Center naming rights deal may be the first step in raising the public’s awareness of the company, which could eventually lead to an IPO. Or it could be that ownership likes basketball and the Miami Heat and wants a nice suite to entertain profitable customers. 

The company’s valuation is private, but based on the limited pre-IPO data on platforms like Hiive, it seems to have suffered a significant valuation loss. The acquisition of Datto indicates Kaseya’s peak valuation, which is likely much lower today.

Without significant financial or company news about a potential public debut, Kaseya is more of a curiosity than an investable business for retail investors. 

If you want to own Kaseya stock, monitor pre-IPO platforms for availability. The Kaseya IPO may never happen.