Kaseya-Datto will ‘cover everything under the sun’
In a blockbuster hit for MSPs around the world, Kaseya acquires Datto for $6.2 billion to create a new MSP platform leader with next-level capabilities in the fight against ransomware.
“If you fall under that Kaseya umbrella, it now covers everything under the sun,” said Michael Goldstein, CEO of LAN Infotech, a Fort Lauderdale, Florida-based MSP that works closely with both Kaseya and Datto. “In terms of compatibility and integration, this is great for MSPs everywhere. … We really have never seen anything of this magnitude.”
With thousands of MSP customers each, Kaseya and Datto are poised to create a unique MSP-focused platform provider at scale through a merger expected to be completed in the second half of 2022.
The two MSP technology providers provide a range of software and services to tens of thousands of customers worldwide, ranging from ransomware prevention and detection to remote monitoring and management (RMM) and data protection for the cloud.
The combination of Datto, one on Norwalk, Conn. Based data backup software and disaster recovery specialist, Kaseya, a Miami cloud security and management luminary, will shake up the entire MSP market.
“We couldn’t be more excited about what lies ahead — Kaseya and Datto will be better together to serve our customers,” Kaseya CEO Fred Voccola said in a statement today.
Kaseya’s cash acquisition of Datto is being funded by an equity consortium led by Insight Partners. Datto’s shareholders will receive $35.50 per share, which Datto estimates at approximately $6.2 billion.
Datto’s stock rose 21 percent Monday afternoon at $34.70 a share.
Here are five key MSPs to know about Kaseya’s acquisition of Datto.