28 November 2017
Just days after launching its new networking products for Europe, business continuity specialist Datto has announced that it will be acquired by Vista Equity Partners. The terms of the deal have been withheld.
Vista is an investment firm focused on software, data and technology-enabled businesses. It plans to merge Datto with Autotask, one of its portfolio companies that provides IT management solutions. The firm claims the combination will create a single provider able to meet the needs of IT and managed service providers (MSPs), from operations through service delivery.
Datto founder Austin McChord will lead the combined management team and continues his role as CEO. Autotask CEO Mark Cattini will work closely with the combined team as a strategic advisor.
Datto says the proposed acquisition will not affect its recently unveiled new networking product range. Created to specifically meet the unique needs of MSPs and how they work, the company claims Datto Networking offers a centrally managed, multi-tenant device view through a cloud-based partner portal, consolidated and synchronised billing, and round-the-clock customer support.
The new platform includes the firm’s AP42 802.11ac wave 2 AP that is fully managed in the cloud; network switches that are said to deliver “robust” Layer 2 management features and are easily configured and managed via the portal; and a combined LTE/Wi-Fi router and firewall networking appliance.