3. Dennis Hahn
Datto reportedly is considering its strategic options, including a possible sale, after receiving takeover interest from private equity firms.
The MSP technology company became publicly traded in October 2020. It began trading on the New York Stock Exchange (NYSE), selling 22 million shares to raise $594 million in its initial public offering (IPO). However, Datto’s stock price has fallen 13% since its IPO. Its shares closed mid March at $23.37, giving the company a market value of $3.8 billion.
Dennis Hahn is senior analyst of data center storage at Omdia. He made waves for his insight into what a sale might look like for Datto.
“A sale would be investors cashing out, I think. Additional investment to reposition into a new market need area might work, if the investment was properly managed,” he said.
To learn more about Datto, including its acquisitions, read here. Then read late-breaking news from Friday about a personnel shake-up at the backup and disaster recovery company.
