Kaseya acquires Datto in $6.2bn deal

Kaseya has acquired MSP service provider Datto in a deal valued at $6.2bn as consolidation in the MSP tools space continues. The all-cash transaction will be funded by an equity consortium led by Insight Partners and with significant investment from TPG Capital and Temasec as well as a contribution by Sixth Street. Datto stockholders will receive $35.50 per share, valuing the MSP vendor at $6.2bn. The offer is a 52 per cent premium on Datto's unaffected stock price of $23.37 as of March...