Kaseya and Datto have announced that Kaseya will acquire Datto in an all-cash transaction that will offer Datto’s shareholders US$35.50 per share.
The companies explain that the all-cash transaction will be funded by an equity consortium led by Insight Partners, with significant investments from TPG and Temasek and participation from investors including Sixth Street.
The terms of the agreement stipulate that Datto stakeholders will receive US$35.50 per share in a transaction worth US$6.2 billion.
Kaseya and Datto add that this offer represents a 52% premium to Datto’s unaffected stock price of US$23.37 and a 48% premium to the unaffected 30-day volume-weighted average price of Datto stock for the period ending March 16, 2022.
Kaseya is a unified IT management and security software provider for managed service providers (MSPs) and small to medium-sized businesses (SMBs).
“This is exciting news for Kaseya’s global customers, who can expect to see more functional, innovative and integrated solutions as a result of the purchase,” Kaseya CEO Fred Voccola says.
“Datto has a legendary commitment....read more here