In March, Kaseya announced it was tripling its office space in the Brickell corridor of Miami. Now the tech company is outgrowing the space and expanding again – this time to a recently renovated Class A office tower across the street.
The company announced it is expanding its North American headquarters to the top three floors at 800 Brickell, signing a lease for 42,872 square feet. In all, the company will be more than quadrupling its office space this year. Along with that: Kaseya will have prominent building top signage visible from the “main and main” corner of 8th Street and Brickell Avenue.
Kaseya is a provider and developer of unified IT management and security software for managed service providers and small to medium-sized businesses. The company delivers technologies that allow organizations to efficiently manage, secure, and backup IT.
With the new space in 800 Brickell, Kaseya is now expanding its Miami presence beyond its current locations, 35,000 square feet at 701 Brickell Avenue and 66,000 square feet at 777 Brickell Avenue, the expansion it announced in March.
Kaseya, with offices in more than 20 countries, has plans to hire 1,100 new employees worldwide with 500 of them to be based in Miami, said Kaseya CEO Fred Voccola, who is based in Miami. That would triple its South Florida workforce from just a year ago.
“This deal is extra special for us, as the building will have Kaseya branding proudly displayed for the thousands of people who travel through downtown every day to see,” Voccola said. “We are committed to Miami and contributing to its tech renaissance and are excited to have our brand prominently represented on the building as part of the Brickell corridor.”
This transaction brings the building to 97% leased.
“Thoughtful, transformative improvements at 800 Brickell allow the building to compete with newer product,” said Colliers Executive Managing Director Stephen Rutchik, part of the team representing the landlord, Gatsby Florida, in negotiating the long-term lease. “We are continuing to see an influx of tech and innovation companies into Miami, and to Brickell in particular.”
Founded in 2000, Kaseya established its Miami office in 2004, but over the years the office has become a US headquarters for the global company. In 2019, the firm received a $500 million investment from San Francisco-based TPG and New York-based Insight Venture Partners that boosted its valuation to about $1.75 billion. In April, Kaseya announced it was acquiring Datto, a security and cloud-based software provider, for $6.2 billion. That transaction is expected to close later this year. Also last month, Kaseya announced that it has teamed up with Florida International University to create a workforce pipeline to train students for jobs in technology.
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