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Datto Holdings to be Acquired by Kaseya in $6.2bn Deal

Published 11/04/2022, 17:44
© Reuters.
MSP
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By Sam Boughedda

Investing.com -- Datto Holding Corp (NYSE:MSP) announced on Monday that it has agreed to be acquired by Kaseya, sending its shares up 20%.

Kaseya will pay $35.50 per share for cybersecurity firm Datto, with the deal valuing the company at approximately $6.2 billion. This is a 52% premium compared to Datto’s stock price of $23.37 on March 16th.

The acquisition will be funded by a consortium led by Insight Partners and will be an all-cash transaction. In addition, TPG Capital and Temasek will also contribute a significant investment.

"Combining with Kaseya brings together a broader array of technology products to create additional opportunities for MSPs,” said Tim Weller, CEO of Datto. 

”I’m encouraged by the continued investment in the rapidly-expanding global MSP community, and this transaction is another important validation of the channel.”

The deal is expected to close in the second half of 2022. 

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