After the collapse of FTX’s American operations, we have a new name for the home of the Miami Heat–Kaseya Center–after a naming-rights deal with the IT management firm.
The new Kaseya Center deal, as approved by Miami-Dade County commissioners, is effective immediately. The cost: $117.37 million over 17 years to the county, with the Heat retaining $2 million annually.
Previously the Head had a naming-rights deal with cryptocurrency exchange, before the firm collapsed and filed for bankruptcy. Since then founder Sam Bankman-Fried has been accused of defrauding investors by allegedly inflating the worth of the firm’s holdings.
“The collapse of our previous partner caught everyone by surprise but, in conjunction with Miami-Dade County, we worked efficiently and incredibly quickly to fill our naming rights vacancy with Kaseya—a local, dynamic and growing company creating job opportunities for South Floridians,” said Eric Woolworth, President of The HEAT Group’s Business Operations, via press release. “Kaseya is a perfect fit and we are incredibly proud to join forces with them. We are also gratified to play our part in keeping the County’s ‘Peace and Prosperity Plan’ in place. This deal wouldn’t have happened so swiftly but for the unprecedented teamwork and cooperation with Miami-Dade County. All credit goes to Mayor Daniella Levine Cava, Chief Operations Officer Jimmy Morales, the County Attorney’s Office, Commissioner Keon Hardemon and the entire Board of County Commissioners.”
Kaseya technologies are used to manage IT infrastructure, secure networks, backup critical data, manage service operations, and grow their businesses. The company has 48,000 customers in more than 25 countries, and approximately 4,500 employees.
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