Datto and Autotask Announce Merger Deal
Business continuity giant Datto today announced it has reached a deal to be acquired by technology investment firm Vista Equity Partners, and that it will be merged with Autotask, a leading provider of software tools for managed IT services providers (MSPs).
Autotask is already part of Vista’s portfolio.
The combined Datto-Autotask would create a channel behemoth of roughly 1,300 employees, across nine countries, and serving 13,000 IT services firms with more than 500,000 SMB customers in 125 countries.
The deal is expected to close sometime in Q4 of 2017, pending usual closing conditions and regulatory approval.
“We’re thrilled to bring together the complementary skills and world-class service of two global market leaders, Autotask and Datto,” Brian Sheth, co-founder and president of Vista Equity Partners, said in a statement.
“Over the past three years, we have worked closely with the Autotask team to accelerate growth and expand its Unified Platform,” he went on. “Bringing Autotask together with Datto’s impressive talent and deep expertise in backup and networking solutions will take us to the next level and deliver extraordinary tools and services to MSPs worldwide.”
Datto founder and CEO Austin McChord will serve as chief executive of the new combined companies.
“We’re honored to be joining forces with both the world’s premier software investor, Vista Equity Partners, and with Autotask, the provider of the most essential tools for the MSP space,” McChord said in a statement. “This unique combination of talent with a track record of success marks a new chapter that will make an even bigger impact for our Managed Service Provider partners, by delivering an unprecedented set of capabilities for them to serve millions of small businesses in the future.”
Autotask CEO Mark Cattini will serve as a strategic advisor to the board of directors.
“With the powerful combination of the Autotask Unified PSA-RMM platform and Datto’s industry leading business continuity solutions, together we can now deliver unprecedented innovation and unmatched levels of value and service to our customers and partners worldwide,” said Mark Cattini, President and CEO, Autotask.
“This merger marks a natural step in our evolution as we continue to bring more managed service offerings to the channel,” he added. “We look forward to using our combined scale to do even more to help our customers grow, succeed and increase profitability. We are excited to get going.”
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