Vista Equity Partners (Vista), a global investment firm focused exclusively on enterprise software, data, and technology-enabled businesses, has sold Datto, a global provider of security and cloud-based software solutions purpose-built for MSPs, to Kaseya for $35.50 per share valuing the company at $6.2 billion.
Vista acquired Datto in 2017 and simultaneously merged the company with Autotask Corporation, a Vista Foundation Fund portfolio company.
In that time, Datto has grown to become one of the largest pure-play MSP technology companies; more than doubling annual revenue to $620 million, increasing employee headcount from just over 800 to more than 2,000 and growing its MSP customer base to more than 19,000. Vista proceeded to take Datto public in 2020, retaining a majority ownership stake in the public company.
Read more: Private Equity Wire
