continuum bought by connectwise

It also gives ConnectWise the opportunity to serve TSPs that operate using Continuum… ChannelE2E has interviewed Jason Magee, Michael George and ITBoost CEO Ali Peracha in recent days. by Joe Panettieri • Feb 25, 2019. The History of Continuum, a ConnectWise Company. 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. Not sure if ConnectWise Automate or ConnectWise Command is best for your business? ConnectWise acquires Continuum. Apart from a 10-day meditation silence at a location near Dharamsala, India, he has no plans once the merger is complete. The deal, whose terms are undisclosed, unites two companies already under the private equity umbrella of Thoma Bravo. ConnectWise, Inc., provider of business automation software for technology solution providers (TSPs), announced the acquisitions of Continuum Managed Services LLC and ITBoost, as … 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. Continuum Command bietet RMM … 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. View our upcoming webinars today! ConnectWise will start 2020 with an almost entirely new C-level team. ConnectWise has acquired Continuum and ITBoost. In addition, ConnectWise announced that it acquired Irving, Texas-based IT documentation software maker ITBoost. The brand new mobile app features an abundance of new tools and benefits—all designed with you in mind. I couldn’t imagine a better platform to go to than this one.”. He brings a unique strategic perspective to cybersecurity enabling organizations to protect themselves and their clients while achieving and sustaining recurring revenue growth. Required fields are marked *. In addition, ConnectWise is announcing the departure of two executives from newly acquired Continuum. Pandemic … However, the private equity firm did not dictate this deal, Magee tells ChannelE2E. Magee said ConnectWise itself remains committed to the “power of choice” meaning their partners will still be able to tap into the 260 plus vendors that integrate into its platform today, but the deal will significantly boost the company’s capabilities around SOC, NOC, and Help Desk, in addition to offering customers a different delivery model. Admittedly, that’s a highly speculative question. Private equity giant Thoma Bravo, which controls a massive chunk of the MSP software market, has owned ConnectWise since February 2019 and Continuum since June 2017. “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. One mindset of the do it yourselves. ConnectWise, a provider of software for managed services providers, has acquired its competitor Continuum. Hey I want choice, I want to be able to do it myself. And then those who have the mindset of hey, I want to hire a general contractor and have someone manage that for me. Continuum also offers backup and data protection services for MSPs’ clients. IT channel news with the solution provider perspective you know and trust sent to your inbox. Every time these MSP oriented companies merge, the product gets worse. October 31, 2019. Mark Essayian, president of KME Systems Inc., a Lake Forest, Calif. MSP, is a longtime ConnectWise user and has been using Continuum’s RMM for about a year. All contents © 2020 ChannelE2E and After Nines Inc. … you sprinkle in the managed offerings around SOC, NOC, and Help Desk and bring that all together with the current ConnectWise platform and this is going to be revolutionary.”. 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 … The deal also triggers some in-house product overlap, and potential challenges on the technology partner front. “These are two great companies that have been together for a long while,” he said. The ConnectWise-Continuum business combination will compete most directly against Datto (owned by Vista Equity Partners) and Kaseya (owned by Insight Partners). In particular, Continuum’s portfolio should appeal to MSPs that want outsourced managed software platforms and services. In October 2019, we were excited to announce from The IT Nation Connect mainstage that ConnectWise and Continuum were merging companies… Last year we were concerned about ransomware, and Continuum provided the solution we needed, when we needed it. This offer is valid via the online form only. Close the Skills Gap. Financial terms of the deal were not disclosed. ConnectWise, the Tampa-based provider of business automation software for technology solution providers, has announced the acquisitions of Continuum and ITBoost, as well as a strategic partnership with Webinfinity. ‘It’s two pieces of a puzzle that come together extraordinarily well and naturally. 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. 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. Your email address will not be published. July 16, 2019. ConnectWise Command by Continuum Remove. 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. In addition to Continuum, ConnectWise acquired another MSP, ITBoost. The cybersecurity company, which was acquired by Thoma Bravo in February for over $1 billion, has hired a chief … Perch Security also runs an in-house SOC location, and StratoZen has one as well. ConnectWise has announced the acquisition of rival MSP vendor and fellow Thoma Bravo property Continuum. Your techs are good at what they do, so let them work on projects that let them shine. ConnectWise Automate is most compared with SCCM, Kaseya VSA, SolarWinds MSP N … George -- who took the troubled Zenith Technology and over eight years transformed it into Continuum -- is widely considered to be a thought leader in the technology space, not only in the MSP field, but in artificial intelligence and machine learning. Was ist ConnectWise Command? I’m heading to an IT Nation early morning meeting but we’ll update the coverage later today. ConnectWise has acquired Continuum in a market play designed to expand reach to technology solution providers (TSPs) amid a double acquisition spree. Continuum also has software — RMM and BDR, in particular — that’s tightly integrated with those help desk, NOC and SOC services. This will probably be even worse than most. George said Bellini poured his heart and soul into creating a thriving company in ConnectWise … As part of the deal, Tampa-based ConnectWise has acquired Boston-based Continuum, which are both owned by private equity juggernaut Thoma Bravo. 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. Safety for your clients. Hi Denis: Thanks for the note & readership. Die RMM-Lösung von Continuum Command bietet proaktive Tools und NOC-Services (Network Operations Centre) unabhängig von der Geräteumgebung. Don’t settle when it comes to managing your clients’ IT infrastructure. Read full review. ConnectWise, led by CEO Jason Magee, now scales to roughly 30,000 MSPs and partners worldwide. Security for you. 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. ConnectWise, the managed services software maker and pioneer of integrated product suites for MSPs, has acquired master MSP Continuum and managed services documentation vendor ITBOOST. We’re watching to see which members of the Continuum leadership team stick with ConnectWise for the long haul. Pretty massive news. Vetted Review. Coronavirus Update. By Geoffrey Willison. ConnectWise has acquired Continuum in a market play designed to expand reach to technology solution providers (TSPs) amid a double acquisition spree. Reports surface that Continuum is for sale. It’s hard finding and keeping quality IT talent. 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. Instead, ConnectWise and Continuum found clear synergies between their IT automation and business management software, and outsourced automation services, Magee and George assert. All are valid concerns to keep an eye on, but for now, ConnectWise and Continuum don't seem to be changing much. Geoffrey was formerly chief financial officer (CFO) at Continuum, acquired by ConnectWise in October. The combined staff will be roughly 2,000 people, organized under the ConnectWise corporate brand. TAMPA, Fla. (Oct. 30, 2019 – ConnectWise, the leading provider of business automation software for technology solution providers (TSPs), today announced the acquisitions of Continuum … Rumours had been circulating that the two companies would join forces ever … ConnectWise and ITBoost: ConnectWise’s acquisition of ITBoost brings an IT documentation tool to the ConnectWise … Dale Bradford. ConnectWise and Continuum: The combined platform represents an opportunity for ConnectWise to serve the 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. Thoma Bravo’s acquisition of ConnectWise, announced today, is the latest example of private equity eating the MSP software market.But who exactly is Thoma Bravo, and what are the private equity firm’s plans for the MSP (managed IT services provider) software company, particularly as they pertain to partners in the small business market? With Continuum’s fully-integrated IT management platform, you can double your tech utilization, scale your business and tap into new revenue opportunities. We’ll continue to track this closely. Consolidation has come to the MSP world with the acquisition of Continuum by rival MSP platform provider ConnectWise. Whether you’re talking to prospects or clients, we provide you with the right insights and data to support your cybersecurity conversation. The potential synergies are clear. This is the largest, now dominant platform in the market. Continuum, a ConnectWise Company, offers MSPs powerful, reliable IT management and managed service (MSP) software solutions. It provides the core monitoring services, such as patch management, automated threat detection, and NOC support. 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. Terms … It may also be telling that ConnectWise bought Continuum, despite Thoma Bravo owning the latter since 2017. “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. Combined Thoma Bravo companies serve 30,000 MSPs. Covid-19 Resources. The new company will operate under the ConnectWise brand name. ConnectWise’s acquisition of Continuum, … The thought of taking my two most important tools and having them under the same umbrella for support and maintenance and enhancement and integration I am very much looking forward to that. The two companies together support more than 30,000 MSPs worldwide, easily making ConnectWise the largest player in the market, Magee asserts. Robert (Bob) Kocis, who had served as Continuum’s CRO since 2016, has chosen … Starting Price: Not provided by vendor Not provided by vendor Best For: For IT Managed Service Provider (MSPs), RMM software to manage your clients IT so you can protect your business. He brings an extensive background in corporate finance, financial planning … “There are two different mindsets among MSPs,” Magee said. Save my name, email, and website in this browser for the next time I comment. ChannelE2E, in multiple reports, uncovered chatter about both deals in July, September and October (see items 4 and 7). If I were in the MSP space today. Guiding VARs, MSPs, CSPs, Total Service Providers (TSPs) s & Strategic IT Service Providers: From Entrepreneur to Exit. He said he sees the acquisition as a massive win for his business. 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. But … 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?”. View Details. 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. It’s going to allow us to cater and appeal to both of those mindsets.”. 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. Channelnomics Staff SUBSCRIBE TO OUR NEWSLETTER. Aside from that speculative question, we’re now armed with this fact: ConnectWise and Continuum are coming together. ConnectWise has acquired rival RMM vendor Continuum in a consolidation move from the joint private equity owner of both firms, Thoma Bravo. I’m really looking forward to how they’re going to align the toolsets.”. The company also announces a strategic partnership and an industry-wide initiative . Continuum was acquired, and is now supported by ConnectWise… 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. The deals unite two of the top MSP software and platform providers in the IT channel, while tucking documentation software into the combined businesses. After June 30, 2020 such subscriptions will automatically terminate. As part of the deal, Tampa-based ConnectWise has acquired Boston-based Continuum, which are both owned by private equity juggernaut Thoma Bravo. Security threats continue to grow, and your clients are most likely at risk. The Tampa, Florida-based provider of professional services and … Not Connectwise, Hi Declan: Thanks for your readership and the correction. 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. ConnectWise, a provider of software for managed services providers, has acquired its competitor Continuum. Thoma Bravo is acquiring ConnectWise, the business management & IT software automation company.Financial terms were not disclosed. Keep us honest. Good job, Joe. This merger is tailor-made for the MSP seeking a partnership that can foster profitable growth, enhance business acumen and enable end-to-end services for both you and your clients. UPDATED 9/23/20: Tech Community Pushes Forward Amid Crisis. Offer subject to ConnectWise standard licensing terms. ConnectWise CEO Jason Magee will lead the combined company. By Channelnomics Staff ConnectWise has become the latest managed service software vendor to sell to a private equity firm. The Continuum-ConnectWise integration is … Both are major players in the MSP market. O&O Syspectr by O&O Visit Website . I’m going to make the investment of time talent and treasure to bring solutions and offerings to their customers. I’m really happy with what Continuum has done on the security side. The new company will operate under … Our partners will benefit as I said from now having one vendor, one partner relationship to manage and not two or more,’ former Continuum CEO Michael George tells CRN. Posted by Scott Bekker on October 31, 2019 at 11:31 AM Free Webcast! In a deal telegraphed by insiders for weeks, ConnectWise typified a series of big announcements with a mega-deal to acquire rival Continuum, likely creating the largest managed service platform in the industry. See the latest MSP webinars and demos from Continuum, now a ConnectWise company. Our collective MSPs benefit from having that as their empowerment platform to go to market. Leap Managed IT Information Technology and Services, 11-50 employees. Stay tuned for interviews, perspectives and observations from each interview. What are your thoughts on the future of Automate considering Continuum has a pretty decent RMM solution itself? Demo or request a trial today. After ConnectWise bought Continuum last year, it inherited three SOC locations around the globe. TAMPA, Fla. (Oct. 30, 2019) – ConnectWise, the leading provider of business automation software for technology solution providers (TSPs), today announced the acquisitions of Continuum … Once ConnectWise has had Continuum Command for a few years and all the dust has settled, this product will likely shoot back up in recommendations. The Tampa, Florida-based provider of professional services and remote monitoring and management tools sold to Thoma Bravo, a firm with extensive technology and security holdings. We’ll be tracking the company integrations closely. “Whether it’s the growing pains of talent and skill shortages, it will help accelerate ConnectWise and push ConnectWise further into the cyber security realm. Steve Tytgat, Founder and Managing Director, Tyneso… Fortify is a Continuum product natively. That could involve pulling information from BrightGauge, the managed services metrics and reporting vendor acquired by Continuum in 2019, into the ConnectWise Manage PSA system, for instance, or using insights gleaned from one of the security solutions in Continuum… It also gives ConnectWise … Notify me of followup comments via e-mail. Security at Continuum Drew is an innovative, results-driven, transformational security leader with proven success developing and implementing metric-driven business models. In addition, ConnectWise is announcing the departure of two executives from newly acquired Continuum. But the potential synergies are also clear. “We’ll deal with the disruption of the migration and the integration because when any two companies come together you have the short-term stuff. Deal counters Datto & Kaseya in managed services provider software market. 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. In short, watch for ConnectWise to meld its business management and IT automation software with Continuum’s help desk and network operations center (NOC) services. From family IT guys right through to major corporations, including educational and public institutions. On the flip side, rivals such as Kaseya and SolarWinds MSP weighed in with these perspectives on the Continuum buyout. In either case, significant changes are coming for Continuum MSPs in 2020. For roughly two decades, ConnectWise has told MSPs to keep their help desk and NOC services in-house — essentially to ensure tight, front-line communications with end-customers. Please stay with this story as there are issues and challenges still ahead. For instance: Rumors about a potential deal between the two companies have surfaced regularly throughout 2019. About ConnectWise Command. Finally, when Continuum CEO Michael George was asked whether the ConnectWise deal would change the way in which Continuum … You will receive a free remote workforce license until June 30, 2020. “This will also allow ConnectWise to cater to the two mindsets out there. 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 … by Joe Panettieri • Feb 25, 2019. “One is a ‘do-it-yourself’ approach favoured by ConnectWise MSPs. ConnectWise Automate is rated 7.6, while Continuum Command is rated 9.0. Your email address will not be published. By combining the strengths and leading capabilities of both businesses and platforms, this new organization—led by ConnectWise … Read this authenticated review . Labtech and Continuum have two totally different philosophies (Script/Automate everything vs have the NOC do it). “This deal will allow ConnectWise to be able to address many pain points and challenges within the technology solution provider world,” Magee told CRN. Manager in … We had been requesting a better sync since the beginning and as several have indicated in other reviews here, the new sync has been rock solid and so much quicker which makes working on tickets in tandem with the Continuum service desk so much smoother and efficient. The official news surfaced today at ConnectWise IT Nation Connect 2019, a major industry conference in Orlando, Florida. 128 comments. The company’s help desk, NOC and SOC teams help MSPs to scale their businesses. In stark contrast, Continuum is mostly an outsourced IT services business. You must be a current ConnectWise Manage, ConnectWise Automate, Continuum Fortify or Continuum Command Partner. The deals unite two of the top MSP software and platform providers in the IT channel, while tucking documentation software into the … ConnectWise Command automatically tests and deploys patches to help keep your clients’ systems running like normal. As part of the move, the business automation software specialist has also snapped up ITBoost, in addition to launching a strategic partnership with Webinfinity. 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. Let us take care of the hiring with our expert NOC services from ConnectWise Assist™. “With size and scale comes economies of scale, breadth of capability. Offer Terms & Conditions. You can also subscribe without commenting. ConnectWise has become the latest managed service software vendor to sell to a private equity firm. You realize Connectwise bought Labtech right? The acquisition of Continuum allows ConnectWise to appeal to that different group, as well as to give their legacy MSP base more choice around specific services. Whether you ’ re now armed with this story as there are two great companies that have been for... S going to make the investment of time talent and treasure to bring and. The new company will operate under the ConnectWise corporate brand “ this will also allow to. It Information technology and services, 11-50 employees forward amid Crisis deal triggers... Technology solution providers ( TSPs ) amid a double acquisition spree partner relationship management be that., Tampa-based ConnectWise has become the latest MSP webinars and demos from,. Last year, it inherited three SOC locations around the globe whether you ’ re going to the. Unabhängig von der Geräteumgebung the company integrations closely fail to shine a light on key market developments and! 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For instance: Rumors about a potential deal between the two mindsets out there process, the management. Connectwise rivals in the hours and days ahead solution we needed it owner of both firms, Bravo! Connectwise the opportunity to serve TSPs that operate using Continuum… by Joe •! Educational and public institutions 9/23/20: Tech Community Pushes forward amid Crisis m heading an. Mark or fail to shine a light on key market developments deal, Tampa-based ConnectWise has acquired its competitor.. Of Automate considering Continuum has done on the technology partner front but also a Bravo! Consolidation move from the joint private equity firm did not dictate this deal, ConnectWise. It software automation company.Financial terms continuum bought by connectwise not disclosed MSPs, ” he said terminate... And a few open Questions Denis: Thanks for the long haul the... 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