Software firm Kaseya has said it will create 130 jobs in Ireland after it secured new investment funds.

The company, which provides IT management solutions to support managed service providers in over 20 countries, already employs 30 people in Dublin.

The Ireland Strategic Investment Fund (ISIF) will invest €19m in Kaseya, as part of a wider funding round that will see the company raise over €38m.

Kaseya is majority owned by global software investment fund Insight Venture Partners, which has already invested substantially in the company.

The company also said today that it will launch a collaboration programme with universities and institutes of technology throughout Ireland.

Kaseya's chief executive Fred Voccola said that Ireland is a great place to continue to develop the company's software solutions.

"Our contribution to Ireland's vibrant, dynamic software sector will help to bolster the country's growing reputation as an IT leader, while creating significant additional value for our investors," he added.