Saturday, July 2, 2022
  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory
  • Login
  • Register
Cloud7 News
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
No Result
View All Result
Cloud7 News
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
No Result
View All Result
Cloud7 News
No Result
View All Result

Home > Cybersecurity > Kaseya is acquiring Datto for $6.2 billion

Kaseya is acquiring Datto for $6.2 billion

Kaseya and Datto announced that they have entered into a definitive agreement for Kaseya to acquire Datto.

Erdem Yasar by Erdem Yasar
April 12, 2022
in Cybersecurity
2 min read
0 0
1
Kaseya is acquiring Datto for $6.2 billion
0
SHARES
19
VIEWS
Share on FacebookShare on TwitterShare on EmailFollow on Google News

Unified IT management and security software provider, Kaseya announced that the company has entered into a definitive agreement to acquire Datto, a global security and cloud-based software solutions provider. An equity consortium led by Insight Partners will fund the all-cash transaction, with significant investment from TPG and Temasek, and participation from notable investors including Sixth Street.

$35.50 per share

According to the terms of the agreement, Datto stockholders will receive $35.50 per share. The transaction values the company at approximately $6.2 billion. The offer represents a 52% premium to Datto’s unaffected stock price of $23.37 as of March 16, 2022. This deal also represents a 48% premium to the unaffected 30-day volume-weighted average price of Datto stock for the period ending March 16, 2022.

Fred Voccola, CEO of Kaseya
Fred Voccola, CEO of Kaseya

The transaction is expected to close in the second half of 2022. The transaction is subject to the satisfaction of customary closing conditions, including the receipt of applicable regulatory approvals. In addition to unanimous board approval, shareholders holding in aggregate approximately 70% of the issued and outstanding shares of common stock of Datto have approved the transaction by written consent. When the transaction is completed, Datto’s common stock will no longer be listed on the New York Stock Exchange. Fred Voccola, CEO of Kaseya said,

« 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. 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.” Continued Voccola, “Kaseya is known for our outstanding track record of retaining the brands and cultures of the companies we acquire and supercharging product quality. We couldn’t be more excited about what lies before us, Kaseya and Datto will be better together to serve our customers. »

See more Cyber Security News


Tags: Datto IncKaseya
ShareTweetSendShare
Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

Comments 1

  1. Sean says:
    3 months ago

    The first real technology company I worked for (an MSP) was heavily invested in the early days of Kaseya, ConnectWise, and Datto. I think it’s only fitting that they are all in one incredibly overpriced basket now.

    If you have clients with a huge budget, it’s awesome. For little guys like me now, no way.

    I will say that Datto (at least) used to make a really cool product. Definitely under appreciated it when I had access to them.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Next Post
WordPress 6.0 Beta 1 is ready

WordPress 6.0 Beta 1 is ready

Related News

8220 gang targeting Linux systems again, Microsoft says

8220 gang targeting Linux systems again, Microsoft says

July 1, 2022 2:52 pm
Kaspersky found a module backdoor in Microsoft Exchange

Kaspersky found a module backdoor in Microsoft Exchange

July 1, 2022 1:50 pm
CISA pinpoints the PwnKit threat

CISA pinpoints the PwnKit threat

June 30, 2022 5:50 pm
Attackers has breached AMD network and exfiltrated data

Attackers have breached the AMD network and exfiltrated data

June 30, 2022 5:30 pm
Get free daily newsletters from Cloud7 News Get the Cloud7 Newsletter

Check your inbox or spam folder to confirm your subscription.

By subscribing, you agree to our
Copyright Policy and Privacy Policy

Editor's Choice

Interview with Igor Seletskiy on AlmaLinux

7 best hosting control panels

How to update Linux Kernel without rebooting?

7 best Linux mail servers for 2022

7 best cPanel alternatives for 2022

7 best Linux web browsers for 2022

7 best CentOS alternatives

7 best Linux server distros for 2022

How to scan your server for Log4j (Log4Shell) vulnerability

10 Best Web Hosting Services of 2022

AlmaLinux 8.6 Stable is ready to download

Ubuntu 22.04 LTS is available for download. What is new?

Kali Linux 2022.2 is ready for download

Advertisement

Recent News

  • How to change WordPress password via phpMyAdmin
  • FedEx is going to shut down all of its data centers
  • WordPress introduces a new plugin, Create Block Theme
  • Micropyramid lenses will triple the efficiency on solar panels
  • 8220 gang targeting Linux systems again, Microsoft says

Our Latest Interview

Interview: Erez Barak, Vice President Observability of Sumo Logic
Interview

Interview: Erez Barak, Vice President Observability of Sumo Logic

by Atalay Kelestemur
November 25, 2021 3:23 am


Cloud7 News is a news source that publishes the latest news, industry news and exclusive interviews on web hosting, cloud computing, data center, cybersecurity and linux.

News Categories

  • Web Hosting
  • Cloud Computing
  • Data Center
  • Cybersecurity
  • Linux
  • Network/Internet
  • Software
  • Hardware
  • Blockchain

Our Free Modules

  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory

Get the Cloud7 Newsletter

Get FREE daily newsletters from Cloud7 delivering the latest news and reviews.

  • About
  • Privacy & Policy
  • Copyright Policy
  • Contact

© 2022, Cloud7 News. Latest Cloud Computing, Web Hosting, Data Center Industry and Tech News

No Result
View All Result
  • Cloud Computing
  • Web Hosting
  • Data Center
  • Linux
  • Cybersecurity
  • More
    • Network/Internet
    • Windows
    • Software
    • Hardware
    • Blockchain
    • Policy/Legislation
    • How-Tos
    • Troubleshooting
  • Events
  • Interviews
  • Jobs
  • Opinion
  • Whitepapers
  • Glossary
  • Community Forum
  • Web Hosting Directory

© 2022, Cloud7 News. Latest Cloud Computing, Web Hosting, Data Center Industry and Tech News

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
Sign Up with Linked In
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.