Datto

History

2022: Kaseya bought Datto for $6.2 billion

On April 11, 2022, the developer of software for unified IT infrastructure management and security announced the purchase of Datto, a company developing solutions for information security. The deal will be funded by a consortium of shareholders led by Insight Partners, with significant investments from TPG Capital and Temasek, as well as the participation of major investors, including Sixth Street.

Under the terms of the agreement, Datto shareholders will receive $35.50 per share in a deal valued by Datto at about $6.2 billion. The offer represents a 52% premium on Datto's unaffected stock price of $23.37 as of March 16, 2022. This transaction also represents a 48% premium to Datto's unaffected 30-day volume weighted average share price for the period ended March 16, 2022.

On April 11, 2022, the developer of software for unified IT infrastructure management and security announced the purchase of Datto, a company developing solutions for information security.

Closing of the transaction is expected in the second half of 2022, subject to the usual closing conditions, including obtaining appropriate regulatory approvals. Until the completion of the transaction, companies will work completely independently of each other.

This is good news for Kaseya's global customers, who can count on more functional, innovative and integrated solutions as a result of the purchase, said Fred Vokkola, CEO of Kaseya. Datto has a legendary loyalty to its customers and employees. Coinciding our goals and objectives makes us a natural couple that will help our very valuable customers achieve new levels of success. Vokkola continued: Kaseya is known for its outstanding achievements in preserving the brands and culture of the companies that we acquire and improving the quality of products. We are very happy with what awaits us - Kaseya and Datto will better serve our customers together.

Datto has always sought to create world-class technologies for small and medium-sized businesses and deliver them through our global MSP network to align our growth with the channel. Merging with Kaseya allows you to expand the range of technological products and create additional opportunities for MSPs - said Tim Weller, CEO of Datto. I am encouraged by the ongoing investment in the rapidly growing global MSP community, and this deal is another important confirmation of success.[1]

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