Kaseya-Datto Will ‘Cover Everything Under The Sun’
In a blockbuster win for MSPs across the globe, Kaseya is acquiring Datto for $6.2 billion to create a new MSP platform leader with next-level capabilities in the fight against ransomware.
“If you’re under that Kaseya umbrella, it will now cover everything under the sun,” said Michael Goldstein, CEO of LAN Infotech, a Fort Lauderdale, Fla.-based MSP who partners closely with both Kaseya and Datto. “Compatibility-wise, integration-wise—this is great for MSPs all around. … We really haven’t seen something to this scale before.”
Boasting thousands of MSP customers each, Kaseya and Datto are poised to create a unique MSP-focused platform provider at scale via a merger expected to be completed by the second half of 2022.
The two MSP technology vendors provide a slew of software and services to tens of thousands of customers across the globe, ranging from ransomware prevention and detection to remote monitoring and management (RMM) and data protection for the cloud.
Combining Datto, a Norwalk, Conn.-based data backup software and disaster recovery specialist, with Kaseya, a Miami-based cloud security and management standout, will shake up the entire MSP market.
“We couldn’t be more excited about what lies before us—Kaseya and Datto will be better together to serve our customers,” said Kaseya CEO Fred Voccola in a statement today.
Kaseya’s all-cash acquisition of Datto will be funded by an equity consortium led by Insight Partners. Datto stockholders will receive $35.50 per share, which values Datto at around $6.2 billion.
Datto’s stock was trading up 21 percent Monday afternoon at $34.70 per share.
From Kaseya coming off a massive REvil ransomware attack to market competition with ConnectWise, here are five important MSPs should know about Kaseya’s acquisition of Datto.