Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

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

Published 04/11/2022, 12:36 PM
Updated 04/11/2022, 12:38 PM
© Reuters.

© Reuters.

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. 

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.