Norwalk, CT-based software provider Datto has announced the close of its acquisition by Vista Equity Partners and its simultaneous merger with Vista portfolio company Autotask. The acquisition was first announced by the tech-focused investment firm in late October, when the intensive integration between the companies was also planned.
The result of the merger will create a single entity “designed to empower Managed Service Providers (MSPs) with Autotask’s in demand IT business management offerings and Datto’s award-winning data protection solutions.” The new combined company will offer MSPs Datto’s core products, including business continuity, backup, disaster recovery and networking, along with Autotask’s portfolio comprised of remote monitoring and management and professional services automation.
Upon the deal’s finalization, Datto announced the formation of a new executive team head by its Chief Executive Officer and Founder Austin McCord. The senior management team will now include Autotask’s Vice President of Product Management Patrick Burns and Senior Vice President of Engineering Adam Stewart.
“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 at Austin, TX-based Vista.
The new Autotask-Datto will compete with other MSP providers including Kaseya, Continuum, ConnectWise SolarWinds MSP, Cisco Systems and Barracuda MSP among others.