Vista Equity Partners Acquires Datto for Undisclosed Sum
Private equity firm Vista Equity Partners had purchased storage startup Datto. Financial terms of the deal were not disclosed.
Founded in 2007, Datto’s Total Data Protection solutions protect business data and offer secure connectivity by providing uninterrupted access to business data on site, in transit, and in the cloud. Vista Equity Partners will merge Datto with its portfolio company Autotask, which provides a complete, cloud-based IT business management platform. The combination will create a single provider able to meet the needs of managed service providers and IT service providers from operations through service delivery, including professional services automation , backup and disaster recovery, networking continuity, file sync and share, and remote monitoring and management.
The combined organizations have approximately 1,300 employees with offices in nine countries. Their nearly 13,000 customers service more than 500,000 SMBs in 125 countries worldwide.
“We’re thrilled to bring together the complementary skills and world-class service of two global market leaders, Autotask and Datto,” said Brian Sheth, cofounder and president of Vista Equity Partners. “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 previously raised $100 million from investors including General Catalyst and TCV.
