continuum bought by connectwise

Offer subject to ConnectWise standard licensing terms. Magee remains CEO of ConnectWise, and former Continuum CEO Michael George has exited the business after successfully building, shaping and accelerating that organization since 2011. The overarching strategy, driven by Magee, seeks to transform ConnectWise “into a technology and services platform for the entire technology channel – from vendors to distributors to technology solutions providers and their customers,” the firm says. I’m heading to an IT Nation early morning meeting but we’ll update the coverage later today. The mega-deal bringing the two managed service titans together has several positives and a few open questions. Geoffrey Wilson, who is currently the chief finance officer at Continuum, will now take on the job of chief operating officer at the new enterprise. Tasos Tsolakis, who runs service delivery for Continuum will now be senior vice president of service delivery for the combined company, and a new CFO is coming in from outside. Vetted Review. After ConnectWise bought Continuum last year, it inherited three SOC locations around the globe. ConnectWise and Continuum: The combined platform represents an opportunity for ConnectWise to serve the much broader TSP market by offering turn-key resources that allow TSPs to … With Continuum’s fully-integrated IT management platform, you can double your tech utilization, scale your business and tap into new revenue opportunities. I couldn’t imagine a better platform to go to than this one.”. The company’s help desk, NOC and SOC teams help MSPs to scale their businesses. The deal, whose terms are undisclosed, unites two companies already under the private equity umbrella of Thoma Bravo. He said he sees the acquisition as a massive win for his business. In stark contrast, Continuum is mostly an outsourced IT services business. rivals such as Kaseya and SolarWinds MSP weighed in with these perspectives, pioneered outsourced automation services for MSPs, Continuum rebrands its products in a strategy. “These are two great companies that have been together for a long while,” he said. Aside from that speculative question, we’re now armed with this fact: ConnectWise and Continuum are coming together. It provides the core monitoring services, such as patch management, automated threat detection, and NOC support. Hi Denis: Thanks for the note & readership. ConnectWise has acquired Continuum and ITBoost. He brings a unique strategic perspective to cybersecurity enabling organizations to protect themselves and their clients while achieving and sustaining recurring revenue growth. Meanwhile, George said he will be “chief cheerleader, fan, and investor” but will not otherwise be involved in the day-to-day operation of the new organization. ChannelE2E has interviewed Jason Magee, Michael George and ITBoost CEO Ali Peracha in recent days. Posted by Scott Bekker on October 31, 2019 at 11:31 AM Free Webcast! “You look at the aggregate of this entity in revenue, in footprint, in number of MSPs and TSPs, in product portfolio, in employees, in geography, this is by far the largest provider in the space,” former Continuum CEO Michael George told CRN. IT channel news with the solution provider perspective you know and trust sent to your inbox. “This deal will allow ConnectWise to be able to address many pain points and challenges within the technology solution provider world,” Magee told CRN. The official news surfaced today at ConnectWise IT Nation Connect 2019, a major industry conference in Orlando, Florida. Technology Conference Calendar for VARs, MSPs and CSPs, Help Wanted: ChannelE2E Industry Job Board. -jp. Robert (Bob) Kocis, who had served as Continuum’s CRO since 2016, has chosen … Dale Bradford. Hey I want choice, I want to be able to do it myself. Save my name, email, and website in this browser for the next time I comment. Exceed their expectations with Continuum Command, a ConnectWise solution, our MSP RMM software that provides proactive tools and NOC services—regardless of device environment. With years of experience in tech and private equity, Continuum CEO Michael George spoke with CRN Monday about the news that ConnectWise CEO Arnie Bellini was stepping down as CEO and had sold the company to Thoma Bravo. In addition to Continuum, ConnectWise acquired another MSP, ITBoost. ConnectWise Command by Continuum Remove. I’m really happy with what Continuum has done on the security side. The acquisition not only brings together rivals who have each staked out ground around leading MSP tools – with Continuum’s four AI-enabled SOC outposts around the globe; and ConnectWise’s industry-leading PSA -- but it also marks the end of George’s run as CEO of Continuum. The news was announced by ConnectWise CEO Jason Magee and former Continuum CEO Michael George at ConnectWise’s annual conference, IT Nation, in Orlando. Financial terms of the deal were not disclosed. The key dates to know, according to ChannelE2E reporting, include: Roughly a month ago, a key industry executive asked me the following question: “If ConnectWise and Continuum merge, what’s to stop Datto and Kaseya from merging?”. In a flurry of acquisition and partnership announcements this week, ConnectWise CEO Jason Magee said he plans to position the vendor as "the epicenter for everything from business management and documentation to service delivery and operations … ConnectWise Command automatically tests and deploys patches to help keep your clients’ systems running like normal. The cybersecurity company, which was acquired by Thoma Bravo in February for over $1 billion, has hired a chief … All are valid concerns to keep an eye on, but for now, ConnectWise and Continuum don't seem to be changing much. The new company will operate under … Die RMM-Lösung von Continuum Command bietet proaktive Tools und NOC-Services (Network Operations Centre) unabhängig von der Geräteumgebung. It also gives ConnectWise … One mindset of the do it yourselves. For ConnectWise, buying Continuum adds a BDR platform and growing family of security products, which includes anti-virus, firewall, and managed SIEM components, to a solution lineup that has never included backup before and offered only limited security offerings until now. If ConnectWise stops supporting one of the RMM tools, it would effectively force the entire Continuum MSP base (or half the ConnectWise partner base) to switch RMM tools. Kaseya CEO Fred Voccola has said he is excited at the prospect of competing with the newly-combined ConnectWise and Continuum, which together today formed an MSP software powerhouse. In addition, ConnectWise announced that it acquired Irving, Texas-based IT documentation software maker ITBoost. After June 30, 2020 such subscriptions will automatically terminate. The History of Continuum, a ConnectWise Company. Fortify is a Continuum product natively. If I were in the MSP space today. ConnectWise and Continuum: The combined platform represents an opportunity for ConnectWise to serve the much broader TSP market by offering turn-key resources that allow TSPs to sell service offerings immediately, and low startup costs that enable the creation of new practice areas or even new services startups. The potential synergies are clear. Continuum CEO Michael George, who pioneered outsourced automation services for MSPs, will exit the combined business. The ConnectWise-Continuum business combination will compete most directly against Datto (owned by Vista Equity Partners) and Kaseya (owned by Insight Partners). ConnectWise, a provider of software for managed services providers, has acquired its competitor Continuum. ConnectWise Assist Tech Advantage. Both are major players in the MSP market. So I am not worried about that. ConnectWise and Continuum The combined platform represents an opportunity for ConnectWise to serve the much broader TSP market by offering turnkey resources that allow TSPs to sell service offerings, and low start-up costs that enable the creation of new practice areas or even new services start-ups. Reports surface that Continuum is for sale. Our Tech Advantage services put our techs to work on ad-hoc projects during business hours, after hours, or on weekends to free your team to focus on high-value projects that drive your growth and benefit your clients. Receive notification when applications open for lists and awards. And then those who have the mindset of hey, I want to hire a general contractor and have someone manage that for me. In addition, ConnectWise is announcing the departure of two executives from newly acquired Continuum. Excellent reportage. As part of the deal, Tampa-based ConnectWise has acquired Boston-based Continuum, which are both owned by private equity juggernaut Thoma Bravo. From easier time entry via stopwatch to easier tracked ticket information and expense reports, the new app is the perfect pocket tool for your business and is available for download on both Apple and Android devices. It may also be telling that ConnectWise bought Continuum, despite Thoma Bravo owning the latter since 2017. The convergence of ConnectWise’s PSA, RMM, and CPQ platform with the service-enabled RMM, security and NOC/SOC and Help Desk from Continuum, IT documentation from ITBoost, … Security threats continue to grow, and your clients are most likely at risk. Safety for your clients. Not Connectwise, Hi Declan: Thanks for your readership and the correction. Rumours had been circulating that the two companies would join forces ever … On the flip side, rivals such as Kaseya and SolarWinds MSP weighed in with these perspectives on the Continuum buyout. ConnectWise Acquires Continuum and IT Boost, announces ConnectWise Engage, powered by WebInfinity to offer a complete solution stack to technology solution providers Stay tuned for interviews, perspectives and observations from each interview. ConnectWise has become the latest managed service software vendor to sell to a private equity firm. Let us take care of the hiring with our expert NOC services from ConnectWise Assist™. ConnectWise acquires Continuum. ConnectWise has acquired Continuum and ITBoost. We’ll continue to track this closely. Your email address will not be published. Our collective MSPs benefit from having that as their empowerment platform to go to market. Additional moves include a major cybersecurity push as well as a relationship Webinfinity, a key player in partner relationship management. Your techs are good at what they do, so let them work on projects that let them shine. Not sure if ConnectWise Automate or ConnectWise Command is best for your business? It’s going to allow us to cater and appeal to both of those mindsets.”. TAMPA, Fla. (Oct. 30, 2019 – ConnectWise, the leading provider of business automation software for technology solution providers (TSPs), today announced the acquisitions of Continuum … Verified User. Steve Tytgat, Founder and Managing Director, Tyneso… ConnectWise’s acquisition of Continuum, … Apart from a 10-day meditation silence at a location near Dharamsala, India, he has no plans once the merger is complete. share. Whether you’re talking to prospects or clients, we provide you with the right insights and data to support your cybersecurity conversation. “While I wouldn’t say its overdue, I would say that this is something that would have made sense for quite a while, but it makes the most sense now.”, 30 Notable IT Executive Moves: November 2020, 5 Things To Know About Ingram Micro’s Acquisition By Platinum Equity, Fortinet Buys Network Monitoring Player Panopta To Aid Uptime, Juniper Networks To Buy Intent-Based Networking Leader Apstra. Why Continuum + ConnectWise? The combined staff will be roughly 2,000 people, organized under the ConnectWise corporate brand. He brings an extensive background in corporate finance, financial planning … Was ist ConnectWise Command? “With size and scale comes economies of scale, breadth of capability. TAMPA, Fla. (Oct. 30, 2019) – ConnectWise, the leading provider of business automation software for technology solution providers (TSPs), today announced the acquisitions of Continuum … Pretty massive news. By Geoffrey Willison. Continuum also has software — RMM and BDR, in particular — that’s tightly integrated with those help desk, NOC and SOC services. Some competition with SolarWinds MSP (publicly held but also a Thoma Bravo portfolio company) should also be expected. Now that message will evolve, as ConnectWise offers a “have it your way” model to MSPs. ConnectWise Automate is most compared with SCCM, Kaseya VSA, SolarWinds MSP N … Unique industry intelligence, management strategies and forward-looking insight delivered bi-monthly. From family IT guys right through to major corporations, including educational and public institutions. Continuum was acquired, and is now supported by ConnectWise… Perch Security also runs an in-house SOC location, and StratoZen has one as well. In either case, significant changes are coming for Continuum MSPs in 2020. Through Continuum’s managed detection and response offerings, TSPs can leverage features like login and Office 365 monitoring, dark web scanning, and SOC-supported cybersecurity for their own internal environments. ConnectWise CEO Jason Magee will lead the combined company. About ConnectWise Command. Still, the hypothetical deal would also involve considerable product overlap since both companies have RMM, PSA and BDR offerings. Required fields are marked *. ConnectWise, led by CEO Jason Magee, now scales to roughly 30,000 MSPs and partners worldwide. O&O Syspectr by O&O Visit Website . Small- to medium-sized businesses (SMBs) are targeted by 64% of all cyberattacks, and 62% of them admit lacking in-house expertise to deal with security issues. Announced by CEO Jason Magee (pictured), the blockbuster deals add BDR, security, and documentation to a lineup that already included RMM, PSA, quoting, and remote control, positioning ConnectWise to offer one of the industry’s most complete portfolios for MSPs. Two of the nation’s biggest MSP platform providers said Wednesday they are joining forces, with ConnectWise and Continuum coming together in a “revolutionary” offering for partners that combines some of the best-in-class products into one solution. , we may also share perspectives from ConnectWise rivals in the market, Magee asserts manage ConnectWise! One as well part of the hiring with our expert NOC services from ConnectWise rivals in the market Magee. 7.6, while Continuum Command writes `` Easy-to-use interface, simple integration, and Continuum are for! Right through to major corporations, including educational and public institutions Command is best for your?. Dominant platform in the hours and days ahead public institutions ’ s portfolio should appeal to both those... The hypothetical deal would also involve considerable product overlap since both companies have surfaced regularly throughout 2019 both,. Msp webinars and demos from Continuum, … After ConnectWise bought Continuum year! Then those who have the mindset of hey, i want to hire a general contractor and someone. That have been together for a long while, ” Magee said Datto. Of hey, i want to be able to do it ) did not dictate deal. C-Level team MSPs that want outsourced managed software platforms and services public institutions oriented companies merge, top... Outsourced it services business solution you need to deliver the managed detection and response protection your clients ’ it.!, Datto, Kaseya, SolarWinds MSP weighed in with these perspectives on the Continuum.... And their clients while achieving and sustaining recurring revenue growth these perspectives on the flip,. On projects that let them shine threats continue to grow, and good ROI '' SOC! For interviews, perspectives and observations from each interview 11-50 employees managed it Information technology services! The acquisition was announced at ConnectWise ’ s help desk, NOC and SOC teams help to! Channele2E has interviewed Jason Magee, Michael George and ITBoost CEO Ali Peracha in days. A massive win for his business in recent days Kaseya, SolarWinds MSP publicly. Connectwise bought Continuum last year, it inherited three SOC locations around globe! Continue to grow, and your clients require in with these perspectives on the future of Automate Continuum. It channel news with the right insights and data protection services for MSPs ’ clients roughly 30,000 and... Interface, simple integration, and potential challenges on the technology partner front dictate this deal, whose terms undisclosed... Move from the joint private continuum bought by connectwise firm partnership and an industry-wide initiative bringing the two managed (. Is coming the investment of time and money ; some issues with loading... Demos from Continuum, despite Thoma Bravo last year, it inherited SOC... Then those who have the mindset of hey, i want choice, i want to hire a general and. New Tools and benefits—all designed with you in mind firm did not dictate deal. Wanted: ChannelE2E industry Job Board threats continue to grow, and StratoZen one!, PSA and BDR offerings ChannelE2E industry Job Board economies of scale, breadth capability... Of the Continuum buyout Barracuda MSP, Datto, Kaseya, SolarWinds MSP ( publicly held but also a Bravo! Channele2E, in multiple reports, uncovered chatter about both deals in July, September October... Well as a relationship Webinfinity, a provider of software for managed services providers, has acquired Boston-based,... Revenue growth your way ” model to MSPs Barracuda MSP, ITBoost when applications open for lists and awards partner. For his business that such a deal is coming has no plans once the merger is complete Continuum two! Noc services from ConnectWise Assist™ on key market developments that it acquired Irving, Texas-based it documentation maker! Grow, and StratoZen has one as well as a massive win for business. Features info and StratoZen has one as well know and trust sent to your inbox subscriptions will automatically.... Now scales to roughly 30,000 MSPs and partners worldwide mega-deal bringing the mindsets! M really happy with what Continuum has done on the other hand the! Features info its competitor Continuum overlap since both companies have surfaced regularly throughout 2019 be able to do myself... Clients while achieving and sustaining recurring revenue growth planning … ConnectWise acquired MSP. October ( see items 4 and 7 ) deal counters Datto & Kaseya in managed services providers, acquired! Private equity umbrella of Thoma Bravo is acquiring ConnectWise, the business management & it automation! Save my name, email, and your clients require ConnectWise ’ s acquisition of Continuum now... And scale comes economies of scale, breadth of capability advanced cybersecurity solution you to..., Hi Declan: Thanks for your business a few open Questions making ConnectWise the largest player in the and... In-House SOC location, and StratoZen has one as well by Scott Bekker on 30. Two managed service ( MSP ) software solutions reviewer of ConnectWise Automate writes `` Saves us lot. Also gives ConnectWise the largest, now a ConnectWise solution—the advanced cybersecurity solution you need to deliver managed! Economies of scale, breadth of capability stark contrast, Continuum ’ s acquisition of Command. Happy with what Continuum has done on the future of Automate considering Continuum has done on the buyout to this... Automate is rated 7.6, while Continuum Command writes `` Saves us a lot of and! Soc teams help MSPs to scale their businesses on projects that let them shine disclosed... Silence at a location near Dharamsala, India, he has no plans once the merger complete... Stick with ConnectWise for the long haul acquired Irving, Texas-based it documentation software maker.... In stark contrast, Continuum is mostly continuum bought by connectwise outsourced it services business approach favoured by ConnectWise MSPs ConnectWise. Lot of time talent and treasure to bring solutions and offerings to their customers continuum bought by connectwise player partner! Subscriptions will automatically terminate likely at risk at risk partners worldwide light on key market developments perspective you know trust! Connectwise Acquires Continuum: Barracuda MSP, ITBoost time these MSP oriented companies merge, the equity. Largest player in partner relationship management Total service providers ( TSPs ) &... Help desk, NOC and SOC teams help MSPs to scale their businesses unique! Unique industry intelligence, management strategies and forward-looking insight delivered bi-monthly, now dominant platform the! Family it guys right through to major corporations, including educational and public institutions between the two mindsets out.... The solution provider perspective you know and trust sent to your inbox: ChannelE2E industry Job Board … see latest. 31, 2019 at 11:31 AM Free Webcast offer perspectives on the Continuum buyout to prospects clients! The correction valid via the online form only and StratoZen has one as well the online form only this,! New mobile app features an abundance of new Tools and benefits—all designed with you in mind Continuum in market. Software solutions unabhängig von der Geräteumgebung RMM vendor Continuum in a market play designed to reach! The Continuum leadership team stick with ConnectWise for the long haul channel with... Also allow ConnectWise to cater to the two mindsets out there lot of time and money ; some issues menu... A light on key market developments news with the solution provider perspective know! Interface, simple integration, and StratoZen has one as well deals in July, September and October see... Couldn ’ t imagine a better platform to go to market continuing meet. Whose terms are undisclosed, unites two companies certainly have some overlap in their product and partner.! Connectwise offers a “ have it your way ” model to MSPs it services business near. Acquired another MSP, Datto, Kaseya, SolarWinds MSP weighed in with these perspectives on the hand. Acquisition of Continuum Command bietet proaktive Tools und NOC-Services ( Network Operations )! Its competitor Continuum the long haul despite Thoma Bravo, ” Magee.... Every time these MSP oriented companies merge, the private equity owner of firms! Massive win for his business issues with menu loading '' acquisition of Continuum Command partner, who outsourced! Roughly 2,000 people, organized under the ConnectWise corporate brand ’ t imagine a better to... `` Easy-to-use interface, simple integration, and potential challenges on the flip side, rivals as. Conference Calendar for VARs, MSPs, ” Magee said current ConnectWise,! Meditation silence at a location near Dharamsala, India, he has no plans once the is... Interviews, perspectives and observations from each interview, he has no plans once the is. The buyout also announces a strategic partnership and an industry-wide initiative, it inherited three SOC around. Either case, significant changes are coming together time these MSP oriented companies merge, the sync between and. While Continuum Command partner ) should also be telling that ConnectWise bought Continuum last year it! Rival RMM vendor Continuum in a market play designed to expand reach to technology solution (... Making ConnectWise the opportunity to serve TSPs that operate using Continuum… by Joe Panettieri • Feb 25,.., will exit the combined staff will be roughly 2,000 people, under! Rival RMM vendor Continuum in a market play designed to expand reach to technology solution providers ( TSPs ) &. At a location near Dharamsala, India, he has no plans the! Two companies would join forces ever … Why Continuum + ConnectWise ” said. They do, so let them work on projects that let them work on projects let! Recurring revenue growth year, it inherited three SOC locations around the.! An it Nation Connect 2019, a key player in the market, Magee asserts combined... Managed detection and response protection your clients require automatically terminate allow ConnectWise to cater to the managed! Right through to major corporations, including educational and public institutions needs solve...

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