The Miami-Dade Arena — and more formerly known as the FTX Arena before the collapse of the cryptocurrency exchange — now has a new name.
The Miami Heat announced Tuesday that it has entered into a long-term partnership with Kaseya, a Miami-based “leading global software company,” as described in a release.
The agreement will make Kaseya the “official IT solutions partner” of the NBA team and rename the venue to the Kaseya Center, making it the fourth name change in the last three months. Back in January, while searching for a new naming rights partner after FTX filed for bankruptcy, the county-owned facility was dubbed “The Arena” and then formally renamed the “Miami-Dade Arena.”
“We are proud to close this deal with a locally based company for the first time in the history of the Arena,” said Miami-Dade Mayor Daniella Levine Cava in the release. “Since Kaseya relocated its headquarters to Miami, it has demonstrated a real commitment to invest in our economy and our local talent by opening the door to the jobs of the future. This deal will not only allow us to continue investing in critical crime prevention programs, it will also strengthen our brand as a global, diverse and future-ready community.”
The new deal involves $117 million in payments over the course of 17 years, with much of that going to the county and $2 million annually to the Miami Heat, according to AP News.
The company, pronounced “kuh-SAY-uh,” sells IT software and has 48,000 customers in more than 25 countries, and approximately 4,500 employees. Its Miami headquarters is home to over 900 employees spanning four buildings in the Brickell and Downtown Miami area.
More details of the new partnership deal can be found in the release here.