April 21, 2022
There are always two sides to every story. This one, in particular, is juicy. When the news broke that tech giant Kaseya was acquiring Datto, we immediately sought the reactions and insights of our partners regarding the deal. Mergers and acquisitions happen every day, but this one certainly sent shockwaves through the industry. Opinions fell on both sides of the fence. Some partners were hardly able to contain their excitement, while others gazed sullenly into the void.
We decided to see what Kaseya has to say about all of this.
But First, Stats
Kaseya on Thursday released the results of its latest “innovation cycle.” A few highlights include:
The private company reported a strong first quarter, which included new enhancements to its IT Complete suite of solutions. Growing cybersecurity, compliance and remote workforce management needs were at the forefront of this.
To support its expanding customer base, Kaseya is full-steam ahead on its goal to hire more than 1,000 people globally by the end of the year. One-half of those positions are based at the company’s headquarters in Miami.
Datto, now more than a year since going public, released its fourth-quarter and full-year 2021 financial results back in February. Interestingly, subscription revenue for full year 2021 was $577 million, up from $485 million in 2020. That’s a change of 19%. Total revenue was $619 million in 2021, up from $519 million in 2020. That’s another 19% uptick.
Kaseya’s Fred Voccola
This indicates solid growth for both companies, which bodes well leading into their impending merge.
We sat down with Kaseya CEO Fred Voccola to see what he had to say regarding his company’s pending acquisition of Datto.
Check out the gallery above to get Voccola’s side of the story as it relates to partner concerns.
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