Kaseya Ltd., a major provider of infrastructure management software, today announced that it’s acquiring Maryland-based cybersecurity startup ID Agent LLC.

The deal comes just days after Kaseya disclosed that it has bagged a $500 million-plus funding round backed by TPG Growth. The investment values the company at $1.75 billion, which easily places it in tech unicorn territory. But Kaseya is not a typical unicorn: It’s headquartered in Dublin, Ireland rather than Silicon Valley and was founded all the way back in 2000.

The company sells software tools designed to ease the day-to-day work of information technology departments and outsourced infrastructure management providers. Kaseya’s flagship product, VSA, is a platform that enables administrators to manage all the devices in an organization through a centralized console. The company’s other products focus on similar tasks such as maintaining cloud environments and monitoring network traffic.

Several of these offerings include built-in security capabilities, which is the part of Kaseya’s value proposition that the ID Agent acquisition will boost. The startup has developed a pair of products for blocking cyberattacks that target a company’s employees and customers.

The firm’s first offering is a threat intelligence platform called Dark Web ID. It monitors the activity on dark web sites such as hacker forums, alerting companies if email addresses and passwords belonging to their workers or customers show up somewhere. ID Agent’s other product, Bullfish ID, enables IT departments to launch simulated phishing campaigns to test the security preparedness of their organizations.

ID Agent will continue to operate as an independent entity in the wake of its acquisition by Kaseya. Under the deal, the security provider’s team will remain at its current Maryland headquarters under the leadership of founder and Chief Executive Kevin Lancaster.

Kaseya did not disclose the financial terms of the transaction. The acquisition is its 11th to date, a number that can be expected to continue rising now that the company has $500 million in additional capital to spend. 

Photo: Kaseya