Kaseya to acquire cloud software firm Datto for $6bn

Datto logo on a laptop display
(Image credit: Shutterstock)

Cloud and security software startup Datto is to be acquired by IT management provider Kaseya, the two companies have announced.

The deal is an "all-cash" transaction that will be funded by an equity consortium led by Insight Partners.

Under the terms of the agreement, Datto shareholders will each receive $33.50 per share, which, altogether, values the deal at around $6.2 billion. The transaction is expected to close in the second half of 2022, though it is subject to some regulatory approvals and additional approvals from the Datto board.

It is unclear exactly what role Insight Partners will play after the transaction has been completed, but the VC firm is a serial investor in high-growth tech and software startups. Since its formation in 1995, it has invested in more than 400 different companies and raised more than $30 billion in capital commitments in that time.

With Datto, Insight Partners are betting on a company that provides cloud and security software purpose-built for Managed Service Providers (MSPs). The company was founded in 2007 and has various office spaces in the US, Canada, Australia, China, Denmark, Germany, and the UK.

Kaseya, on the other hand, is also an MSP-centric provider, though it deals with unified IT management and security services. The Miami-based organisation is a privately held company with a "presence in over 20 countries", according to its website.


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"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," Kaseya CEO, Fred Voccola, said. "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."

Voccola added that his company was "known" for having an outstanding track record for retaining brands and cultures when it makes acquisitions and that it intends to "supercharge" Datto's product offerings for its own customers.

Bobby Hellard

Bobby Hellard is ITPro's Reviews Editor and has worked on CloudPro and ChannelPro since 2018. In his time at ITPro, Bobby has covered stories for all the major technology companies, such as Apple, Microsoft, Amazon and Facebook, and regularly attends industry-leading events such as AWS Re:Invent and Google Cloud Next.

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