Kaseya Acquires Datto
We Are Better Together By Fred Voccola , CEO , Kaseya
It ’ s official — Kaseya now owns Datto ! The $ 6.2 billion deal means that Datto is no longer a public company and is now part of Kaseya ’ s portfolio . But what does this really mean for the channel ? Kaseya CEO Fred Voccola tells us in his own words .
Acquisitions Are Our Strength
When we first announced our intent to buy Datto back in April , there was a lot of anticipation in the industry . Like any change , it took people a few days to wrap their heads around it and digest it . In the weeks following , MSPs began to understand how this transaction would be incredibly valuable for them . Lower prices , more integrations , more investment in technology — these things add real value to the bottom line for MSPs . And ultimately , we are in the business of making Kaseya MSPs the most successful and profitable MSPs in the world .
Our approach to mergers and acquisitions ( M & A ) is simple : Keep what makes the companies we buy great , don ’ t break what works , and make sure the customer is always first . We have demonstrated this multiple times over the past seven years with a track record of acquisitions — IT Glue , ID Agent , RapidFire Tools , RocketCyber , TruMethods , Graphus , Unitrends , and Spanning , to name a few . Our company ’ s mission has always been to serve the over-burdened multifunction MSP team with a complete , integrated , and cost-effective set of solutions for IT and security management . We deliver this through our IT Complete platform . To achieve our mission , Kaseya ’ s M & A strategy is to acquire companies that represent the best of the best in the channel and complement that vision while providing our customers with proven solutions they can trust .
We retain the brand of every company we buy . In fact , the majority of Kaseya ’ s leaders have come to us through acquisitions — over 70 % of our leadership team found its way to Kaseya via acquisitions , and that will not change with Datto . We expect 30 %– 40 % of our leadership team worldwide to be made up of Kaseyans who came to us from Datto .
At the end of the day , we bought Datto because they are awesome . Datto has built world-class products , a highly regarded brand , an innovative culture , and truly amazing people . Why would we mess up any of that ? It ’ s why we wanted them ! We will build on what they created so MSPs get the maximum value from Datto solutions at an affordable price . Will we make changes ? Of course we will — like in any acquisition . However , the changes we make will be focused around integrating products , lowering prices , and making Datto more commercially viable for MSPs to do business with .
A Promise To Boost Innovation And Lower Prices
Here ’ s my promise : Investment in innovation and integrations will go up and prices will come down . Customers can expect significant workflow integrations and product investment to augment our IT Complete platform . The end goal
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