Datto’s stock has officially stopped trading and the company is no longer listed on any public market.
Kaseya announced its intent to acquire Datto in April, sending shockwaves through the MSP community. The acquisition aims to strengthen Kaseya’s IT Complete platform. It will do so with an enhanced bundle of solutions to help increase MSP efficiency and profitability. Look for at least 17 workflow integrations between Datto products and the Kaseya platform within the first month. The company expects all commercial integrations to be completed within the next four months. Customers will have immediate access to and benefit from the upgrades and innovations to all Datto product offerings.
Interestingly, the list pricing on all Datto technology will fall by an average 10% or more on new purchases. A scattering of product list prices will come down more than that, while others might remain the same.
“As we promised when we announced our intent to buy Datto, customers are going to see investment in innovation and integrations go up and prices come down,” said Kaseya CEO Fred Voccola. “We are increasing our technical investment in our products to ensure that every one of them will be supported and integrated, with enhanced functionality. The end goal is to be the most affordable and best option on the market for our awesome customers.”
Exits and Shifts
Channel Futures has confirmed that Tim Weller, Datto’s CEO, is exiting.
“Tim has done a great job stewarding Datto — he’s a true pro,” said Voccola. “He will continue advising me and the company and help me make sure we continue to deliver.”
Rob Rae, Datto’s senior vice president of business development, will stay with the combined company. His title remains senior VP of business development with Datto. now a Kaseya company. Kaseya also confirmed that Ryan Weeks will stay put as CISO.
“This is absolutely the best thing that could have happened to Datto, our employees and most importantly our MSP Partners,” said Rae. “Datto has always been committed to building great technology and creating a culture where its MSPs customers always come first —and as part of Kaseya, we will be able to do this bigger, better, and at lower cost to the MSP.”
Even with the acquisition of Datto, the company will continue to operate as an autonomous brand from Norwalk, Connecticut and other locations. Kaseya’s official global headquarters are in Miami.
“I want to reiterate – we bought Datto because we think they’re awesome – their world-class products, highly-regarded brand, innovative culture and amazing people – we have no intention of messing up any of that. We will build on what they created so in the end, MSPs will get the maximum value from their solutions at an affordable price,” added Voccola.