The firm has 150+ current portfolio companies, has overseen 225+ M&A transactions and has participated in more than 40 IPOs. Since inception in 1995, Insight Venture Partners has seen its software-focused investment strategy drive increasing impact in the space. With the close of the new fund, Insight has a total of over $23 billion under management. The oversubscribed fund will be used to further its leading growth equity technology investment engine. The Irish programme is expected to be similar in format and will include a wide range of internship opportunities and Kaseya support for computer science courses in Irish universities and institutes of technology.Insight Venture Partners (Insight), a leading global private equity and venture capital firm, announced today the close of its Fund X at $6.3 billion, the firm's largest to date. Our contribution to Ireland’s vibrant, dynamic software sector will help to bolster the country’s growing reputation as an IT leader, while creating significant additional value for our investors”.ĭetails of collaboration programme with Irish third-level institutionsĪn existing Kaseya programme with US institutions has made a significant contribution to growing a pipeline of highly-skilled computer science graduates to meet the company’s talent requirements. Ireland is a great place to continue to develop our industry-leading software solutions. “We are delighted to continue to grow our Irish presence and to team up with ISIF as an investment partner. This transaction further strengthens our excellent relationship with Insight, one of the world’s biggest software investors.” We are confident that Kaseya will deliver a strong commercial return on our investment to complement our economic impact objectives. It will bring high-quality software jobs and further cement Ireland as the destination of choice for global software companies seeking an EU presence. “This investment promises a significant economic impact. Such commitment by ISIF was aimed at filling an existing funding gap for established and growing Irish software businesses.įergal McAleavey, Head of Private Equity of ISIF said: ISIF separately announced last month a $100m (€85m) capital commitment in a global software fund managed by Insight. Kaseya is majority owned by global software investment fund Insight Venture Partners which has invested substantial funds in the company to date. The investment is part of a wider funding round that will see the company raise over €38m ($45m). The company will also launch a collaboration programme with third-level universities and institutes of technology throughout Ireland. Kaseya will create up to 130 new jobs in Ireland following the investment, adding to its existing Dublin-based operations, which employs approximately 30 people. Pictured are Fred Voccola, CEO, Kaseya and Fergal McAleavey, Head of Private Equity, ISIF (picture Colm Mahady / Fennells - Copyright© Fennell Photography 2017). Kaseya will create 130 new jobs in Ireland following the investment, adding to existing Dublin-based operations of approximately 30 people.ISIF to invest €19m in Kaseya, the leading provider of complete IT management solutions for managed service providers (MSPs) and midsized enterprises.
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