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Kaseya Sees Peril and Prosperity Ahead for MSPs: Page 3 of 3

In a virtual keynote yesterday and interview on the ChannelPro Weekly podcast, Kaseya CEO Fred Voccola (pictured) outlined how MSPs with the right tools will be poised for growth when the economy begins recovering. By Rich Freeman

“We are very, very profitable. We have a very strong balance sheet,” he said. Strong enough, he added, to accommodate the more than $10.5 million the company allocated in April to its Kaseya Cares COVID-19 relief program for MSPs. 

MSPs are actually in better fiscal shape than might be expected under present circumstances, according to Voccola, based on conversations with Kaseya partners. Most are making less now than two months ago, but not as much less as businesses in harder hit segments of the economy. “Everyone’s suffering, but we’re suffering, our sector, a lot less,” Voccola said. 

MSPs who can make it through the depths of the recession have prosperity ahead of them helping clients further leverage cloud technologies, he asserted. “We are seeing how the economy is going to rebound and what the next five to 10 years of incredible growth will look like,” Voccola said. “We don’t know if it’s going to take three months or two years to get there, but we know what it’s going to look like.

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