Datto, a leading global provider of security and cloud-based software solutions purpose-built for managed service providers (MSPs), and which is majority owned by Vista, has now completed its previously announced sale to security software company Kaseya. The sale was structured as a take-private transaction valued at $6.2 billion, representing an optimal outcome for all investors and stakeholders.

Founded in 2007 and listed on the New York Stock Exchange October 2020 (NYSE: MSP), Datto creates enterprise-grade technology for small and medium businesses (SMBs) delivered through its global network of MSP partners.

Vista acquired Datto in December 2017 and merged it with Autotask, a Vista Foundation Fund portfolio company. The two organizations were combined premised on an investment thesis to create the world’s broadest MSP platform. At the time, Datto was a leading provider of business continuity, data protection and managed networking solutions, and Vista identified an attractive market opportunity predicated on further broadening the product offering with services automation, remote monitoring and endpoint security solutions to deliver a complete technology solution for MSPs. Vista proceeded to take Datto public in 2020, retaining a majority ownership stake in the public company.

Over the past several years, Vista partnered with Datto’s founder and world-class management team to accelerate organic growth across the enterprise by implementing best practices across sales, customer acquisition and customer experience. Datto also delivered inorganic growth via three add-on transactions that further strengthened the product suite and helped the company extend into new markets and continue delivering mission-critical solutions to its customers.

Under Vista’s ownership, Datto’s headcount increased from ~800 to more than 2,000 and its MSP customer base grew to over 19,000. Notably, during the earlier stages of the Covid-19 pandemic, Datto’s mission-critical technology helped ensure that over a million SMBs around the world could continue serving their communities – something that we continue to be incredibly proud of as we reflect on all the company’s commitments and accomplishments.

Congratulations to Datto and its amazing team of employees around the world on this exciting news. This transaction marks a thrilling new chapter for Datto, and we look forward to seeing how they will continue to transform the market by creating secure solutions for today’s leading enterprises.