Kaseya Acquires Datto for $6.2B

Kaseya has acquired MSP service provider Datto for $6.2 billion in a cash transaction. Datto stockholders will receive a $35.50 per share.

The acquisition will be funded through a consortium led by Insight Partners with significant investment from TPG Capital and Temasec as well as Sixth Street.

The deal is expected to close in the second half of 2022 and is subject to customary closing conditions and regulatory approvals. Datto shareholders collectively holding 70 percent of shares in the company have approved the acquisition unanimously.

“This is exciting news for Kaseya’s global customers, who can expect to see more functional, innovative and integrated solutions as a result of the purchase,” said Fred Voccola, Kaseya CEO. “Datto has a legendary commitment to its customers and employees. The alignment of our missions and focus makes us a natural fit, that will help our greatly appreciated customers reach new levels of success.”

Datto CEO Tim Weller added the acquisition creates new opportunities for MSPs.

“Datto has always been committed to creating world-class technology for SMBs and delivering it through our global network of MSPs to align our growth with the channel. Combining with Kaseya brings together a broader array of technology products to create additional opportunities for MSPs,” he said.