Kaseya acquires Datto for 6.2 billion dollars (5.7 billion euros). Insight Partners, Kaseya’s owner, will finance the deal with a consortium of investors.
Datto, founded in 2007, specialises in software for managed service providers (MSPs). Initially, data protection set the tone. In recent years, Datto’s has expanded. MSPs use the portfolio to provide multiple services to SMBs, ranging from backups to monitoring and networking.
Today, Kaseya announced the acquisition of Datto. Kaseya specializes in software for MSPs as well, with an emphasis on monitoring, management and automation. Data protection plays a role, but Kaseya’s focus is incomparable to Datto. In that respect, the acquisition promises a valuable addition.
Kaseya and Datto
Kaseya acquires Datto for 6.2 billion dollar (about 5.7 billion euro). The sum is financed by several investors, including TPG and Sixth Street. Kaseya is a subsidiary of Insight Partners.
The acquisition depends on the agreement of shareholders and relevant market authorities. Kaseya expects to complete the deal before the end of 2022.
The acquisition’s exact consequences are unknown at this time. Kaseya CEO Fred Voccola clarifies two topics. First, new integrations of Datto and Kaseya will be developed. Second, Kaseya promises to maintain Datto’s brand and culture.
“Customers can expect more integrated solutions”, Voccola said. “In addition, we (Kaseya, ed.) are known for preserving the brands and cultures of acquired companies.”
“Combining with Kaseya brings together a broader array of technology products”, adds Datto CEO Tim Weller. “I’m encouraged by the continued investment in the rapidly-expanding global MSP community.”