Leading provider of data protection solutions for business Datto, has announced it has finalised its acquisition by Vista Equity Partners, a leading investment firm focused on software, data and technology-enabled businesses.
The acquisition, first announced in late October, and the simultaneous merger with Vista portfolio company Autotask, have been followed by an intensive integration between the companies. The result is a single entity designed to empower Managed Service Providers with Autotask’s in-demand IT business management offerings and Datto’s award-winning data protection solutions.
As part of joining forces, Datto announced the formation of a new executive team. Under the direction of Datto CEO and founder, Austin McChord, the senior management will now include Patrick Burns, vice president of Product Management and Adam Stewart, senior vice president of Engineering of Autotask who will join the pre-existing Datto team.
“With a small and medium-sized business (SMB) technology market opportunity well over $600 billion by 2020, the combined strength of Datto and Autotask delivering innovative managed services and a unified platform will help MSPs power the digital transformation of the industry worldwide," said Brian Sheth, co-founder and President of Vista Equity Partners.
The company also confirmed that it will continue to expand the footprint of the Datto brand as the go-to provider of data protection and IT management solutions. Its combined network of channel partners consisting of more than 13,000 MSPs, working with more than 500,000 SMBs makes Datto the largest MSP-centric tech company in the world.
“For SMBs in need of the best technology solutions at the most competitive price, we are now better positioned than ever to be the optimal choice,” said McChord. “The positive feedback we continue to receive from our MSP community regarding our partnership with Vista, along with our successful merger with Autotask, only strengthens our ability to innovate, execute and deliver on our shared vision.”
McChord added, “I’m excited to work with our new executive team and would like to thank the MSPs, our dedicated employees and key advisors who have helped us reach this incredible milestone.”
Datto says that the news means that it will be increasingly nimble in meeting the dynamic needs of MSPs from operations through service delivery, including professional services automation (PSA), backup and disaster recovery, networking continuity, file sync and share, and remote monitoring and management (RMM).
The company also announced several milestones for 2017, including a 30 per cent growth in MSP partners, and presence in 125 nations worldwide.