Fred Voccola is stepping down as Kaseya’s CEO and into the role of vice chairman, the global provider of AI-powered cybersecurity and IT management software announced today. In his new role, Voccola will focus on long-term innovation and strategy, as the company prepares for the next stage of growth: a potential initial public offering.
Voccola has been CEO for 10 years, and one of his first big moves for this University of Miami alum was relocating the company headquarters from Silicon Valley to Miami, a tenure marked with rapid job growth locally and globally. Under Voccola’s leadership, Kaseya, which develops and sells software that helps enterprises manage their IT systems and security, has grown from a single-product provider into a comprehensive platform with over $1.5 billion in annual recurring revenue.
“With Kaseya coming off the strongest quarter and year in our history, now is the right time for me to step up into the role of Vice Chairman and hand over operating responsibilities to a new CEO,” said Voccola, in a statement. “It has been the honor of my professional life to lead Kaseya and work alongside the talented team that has driven our success.”
In recent years, Kaseya has been adding hundreds of high-paying tech jobs to the economy locally and expanded to several Brickell office buildings, while maintaining a global presence in more than 25 countries. Kaseya employs more than a thousand people locally and is one of South Florida’s largest tech employers. The company has also been a player in the tech ecosystem, working with universities to expand internships and hiring, including by collaborating with Miami Tech Works.
“Kaseya continues to hire aggressively across its operations globally, particularly in Miami. We look forward to contining partnering with Miami-Dade County,” Kaseya Chief Communications Officer Xavier Gonzalez told the Miami Herald.
Corporate wide, Voccola oversaw the launch last year of Kaseya 365, a unified subscription service for IT professionals. In the last 12 months, he also strengthened Kaseya’s team with the additions of new executives in the roles of CFO, CMO and CHRO, along with elevating several key internal leaders. Also noteworthy is the company has gotten its name out there in a big way: Kaseya secured naming rights to the Miami Heat’s arena.
“Kaseya’s growth and transformation has been extraordinary,” said Mike Triplett, managing director at Insight Partners, in a statement. “Fred’s transition to vice chairman will enable him to focus on the long-range innovation and go-to-market strategies that will ensure Kaseya’s long-term success and prepare the company for a potential IPO.”
Kaseya board member Kevin Thompson, who will “play a key role in the transition” according to the company, will work with Voccola and the board to determine the next CEO.
As for plans to go public, no timeline has been determined.
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