A global software firm is to create up to 130 new jobs in Ireland.

Kaseya announced the positions after a €19m investment from the Ireland Strategic Investment Fund (ISIF).

The company provides IT management solutions to support managed service providers and enterprises in over 20 countries.

The new jobs will add to its existing Dublin-based operations, which employ approximately 30 people.

The company also plans to launch a collaboration programme with third-level universities and institutes of technology around the country.

Kaseya says the investment is part of a wider funding round that will see the company raise over €38m.

Fergal McAleavey is head of private equity of ISIF: "This investment promises a significant economic impact.

"It will bring high-quality software jobs and further cement Ireland as the destination of choice for global software companies seeking an EU presence."

CEO of Kaseya, Fred Voccola, added: "We are delighted to continue to grow our Irish presence and to team up with ISIF as an investment partner.

"Ireland is a great place to continue to develop our industry-leading 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".

Kaseya Headquartered in Dublin and New York, Kaseya is privately held.