Datto to be Acquired by Kaseya

Published On: April 24, 2022Categories: Buzz, Uncategorized

Kaseya, a Miami-based provider of unified management and security software for MSPs and SMBs, has announced a definitive agreement to acquire Datto, a global provider of security and cloud-based software solutions for MSPs.

Kaseya’s IT management solutions include IT Glue, RapidFire Tools, Spanning Cloud Apps, ID Agent, Graphus, RocketCyber, TruMethods and Unitrends.

Based in Norwalk, Connecticut, Datto specializes in unified continuity, networking, endpoint management, and solutions designed to defend against downtime and data loss in servers, virtual machines, and cloud applications.

Under the terms of the agreement, Datto stockholders will receive $35.50 per share in a transaction that values Datto at approximately $6.2 billion. The offer represents a 52% premium to Datto’s unaffected stock price of $23.37 as of March 16, 2022. This deal also represents a 48% premium to the unaffected 30-day volume-weighted average price of Datto stock for the period ending March 16, 2022.

“This is exciting news for Kaseya’s global customers, who can expect to see more functional, innovative and integrated solutions as a result of the purchase,” said Fred Voccola, Kaseya’s CEO. “The alignment of our missions and focus makes us a natural fit, that will help our greatly appreciated customers reach new levels of success.”

“Combining with Kaseya brings together a broader array of technology products to create additional opportunities for MSPs,” said Tim Weller, CEO of Datto. “I’m encouraged by the continued investment in the rapidly-expanding global MSP community, and this transaction is another important validation of the channel.”

The transaction, which is currently expected to close in the second half of 2022, is subject to the satisfaction of customary closing conditions, including the receipt of applicable regulatory approvals. The companies will operate completely independently until the transaction has been finalized.

Channel Impact®
The combination of the two companies is expected to add substantial synergies to the offerings provides to the MSP community.

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