MIAMI–(BUSINESS WIRE)–Kaseyathe leading provider of unified IT and security management software for managed service providers (MSPs) and medium-sized enterprises (MME), today announced the completion of its acquisition of date for $6.2 billion, which translates to a share price of $35.50.
Upon completion of the transaction, Datto ceased trading and the company is no longer listed on any public market.
Kaseya’s acquisition of Datto strengthens its IT Complete platform with an expanded offering of best-in-class solutions to increase MSP efficiency and profitability. Kaseya announced that at least 17 workflow integrations between Datto products and the Kaseya platform are planned within the first month and 100% of commercial integrations are expected to be completed within 120 days. Customers can expect significant investments immediately, focused on upgrades and innovations across all Datto product offerings.
List prices for all Datto technologies are discounted ON AVERAGE by 10% or more on new purchases. List prices of some products will continue to decrease, while others may stay the same. With this price adjustment, Kaseya continues to offer the only purpose-built platform for the MSP at the right price.
“As we promised when we announced our intention to buy Datto, customers will see investments in innovation and integration increase and prices decrease,” said Fred Voccola, CEO of Kaseya. “We are increasing our technical investment in our products to ensure each and every one of them is supported and integrated with enhanced functionality. The end goal is to be the cheapest and best option on the market for our amazing customers.”
“This is absolutely the best thing that could have happened to Datto, our employees, and most importantly, our MSP partners,” said Rob Rae, Datto’s senior vice president of business development. “Datto has always been committed to building great technology and creating a culture that always puts its MSPs’ customers first – and as part of Kaseya, we’ll be able to do that bigger, better, and less costs for the MSP to do.”
Datto will continue to operate as a standalone brand from Norwalk, Connecticut and other locations, with Kaseya’s official global headquarters in Miami. Since 2007, Datto’s proven unified continuity, networking, endpoint management, and enterprise management solutions have helped MSPs prevent costly downtime and data loss in servers, virtual machines, cloud applications, or anywhere data resides.
“I want to reiterate – we bought Datto because we think they are AWESOME – their world class products, highly respected brand, innovative culture and amazing people – we have no intention of screwing up any of it. We will build on what they have created so that MSPs end up getting maximum value from their solutions at an affordable price,” added Voccola.
Kaseya is the leading provider of unified IT and security management software for IT professionals in managed service providers (MSPs) and medium-sized enterprises (MMEs). Through its customer-centric approach and renowned support, Kaseya provides best-in-class technologies that enable organizations to seamlessly manage their IT infrastructure, secure networks, secure critical data, manage service operations, and grow their business. Kaseya offers a wide range of IT management solutions including well known names: Kaseya, Datto, IT Glue, RapidFire Tools, Unitrends, Spanning Cloud Apps, TruMethods, ID Agent, Graphus and RocketCyber. These innovative solutions power Kaseya’s IT Complete platform, designed to maximize efficiency and empower businesses through a single pane of glass. IT Complete empowers IT professionals to centrally control hardware, software, security, data, compliance, operations and more through a comprehensive, integrated, intelligent (optimized for AI), and affordable platform. Headquartered in Miami, Florida, Kaseya is privately held and has a presence in over 25 countries worldwide. To learn more, visit https://www.kaseya.com/.
#Kaseya #Completes #Acquisition #Datto #Promise #Encourage #Innovation #Prices