Kaseya Completes Datto Acquisition: Weller Out, Rae Stays


KASEYA CONNECT IT GLOBAL — Kaseyaon the last day of Connect IT Global, announced that it has completed the acquisition of Datto for $6.2 billion. This equates to a share price of $35.50.

Datto shares have officially ceased trading and the company is no longer listed on any public market.

Kaseya announced its intention to acquire Datto in April and sent shockwaves through the MSP community. The acquisition aims to strengthen Kaseya’s IT Complete platform. This will be done with an enhanced suite of solutions to increase MSP efficiency and profitability. Look for at least 17 workflow integrations between Datto products and the Kaseya platform within the first month. The company anticipates that all commercial integrations will be completed within the next four months. Customers have instant access to and benefit from the upgrades and innovations across all Datto product offerings.

Interestingly, list prices for all Datto technologies decrease by an average of 10% or more for new purchases. A dispersion of product listing prices will decrease more, while others may stay the same.

“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.”

exits and shifts

Tim Weller

Channel Futures has confirmed that Datto CEO Tim Weller is stepping down.

“Tim has done a great job mentoring Datto – he’s a true professional,” said Voccola. “He will continue to advise me and the company and help me ensure we continue to deliver.”

Rob Rae, Datto’s senior vice president of business development, will remain with the combined company. His title remains Senior VP of Business Development at Datto. now a Kaseya company. Kaseya also confirmed that Ryan Weeks will remain as CISO.

Datto's Rob Rae

Datto’s Rob Rae

“This is absolutely the best thing that has happened to Datto, our employees and most importantly our MSP partners,” said Rae. “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.”

Post the Datto acquisition, the company will continue to operate as a separate brand from Norwalk, Connecticut and other locations. Kaseya’s official global headquarters is located in Miami.

“I want to reiterate – we bought Datto because we think they are amazing – their world-class products, their highly respected brand, their innovative culture and their 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.

Source link
#Kaseya #Completes #Datto #Acquisition #Weller #Rae #Stays

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.