Kaseya to Acquire Datto for $6.2 Billion
Merger to Create a Leading Provider of Managed Services Software
Transaction Expected to Close in the Second Half of 2022
Kaseya, a leading provider of unified IT and security management software, and Datto, a provider of security and cloud-based software solutions for managed service providers (MSPs), today announced that they have entered into a definitive agreement under which Kaseya will acquire Datto for $6.2 billion in an all-cash transaction funded by a consortium led by Insight Partners. The transaction is expected to close in the second half of 2022, subject to customary closing conditions, including regulatory approvals.
The combined company will offer a comprehensive suite of IT management and security solutions to MSPs and mid-market enterprises. Kaseya's cloud-based platform provides a single pane of glass for managing IT infrastructure, security, and compliance. Datto's portfolio of solutions includes data protection, business continuity, and networking. Together, the two companies will offer a unique value proposition to customers, enabling them to simplify their IT operations and improve their security posture.
"We are excited to announce the acquisition of Datto," said Fred Voccola, CEO of Kaseya. "This transaction is a transformative moment for our company and will create a global leader in managed services software. With Datto's leading solutions and talented team, we will be able to provide our customers with an even more comprehensive and innovative suite of products and services."
"We are thrilled to join forces with Kaseya," said Tim Weller, CEO of Datto. "Our shared commitment to providing world-class solutions to MSPs and mid-market enterprises makes this a perfect fit. Together, we will be able to accelerate our innovation roadmap and provide our customers with the best possible experience."
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