Data protection business Datto has been acquired by Vista Equity, which has taken the decision to merge the business with IT management solutions provider Autotask.
The merger means the two businesses will be able to take advantage of an enlarged channel network, offering a complete data protection, backup, disaster recovery, remote management and monitoring and IT service management solution to MSPs and IT service providers.
“We’re honored to be joining forces with both the world’s premier software investor, Vista Equity Partners, and with Autotask, the provider of the most essential tools for the MSP space,” said Datto’s founder and CEO, Austin McChord.
“This unique combination of talent with a track record of success marks a new chapter that will make an even bigger impact for our Managed Service Provider partners, by delivering an unprecedented set of capabilities for them to serve millions of small businesses in the future.”
When the acquisition of Datto by Vista Equity is finalised at the end of the year, the merger will take place, with McChord taking the position of CEO, while Autotask CEO Mark Cattini will become strategic advisor to the Board of Directors.
Neither company has commented whether Datto’s employees will join Autotask, although the announcement revealed the companies will have a joined workforce of 1,300 across nine offices globally.
“This merger marks a natural step in our evolution as we continue to bring more managed service offerings to the channel," Cattini said. "We look forward to using our combined scale to do even more to help our customers grow, succeed and increase profitability. We are excited to get going.”
