Datto Overview
Datto is a provider of cloud-based software and technology solutions delivered by managed service providers (MSPs). In 2021, the company acquired BitDam which became Datto's cyber hub and R&D center in Israel.
Latest News
growth-positive
Kaseya acquires Datto for $6.2bn
Kaseya has acquired cloud-based software provider Datto for $6.2bn in a deal funded by an equity consortium led by Insight Partners. The acquisition is expected to bring more functional and innovative solutions to Kaseyas global customers. The transaction is supported by significant investment from TPG Capital, Sixth Street Partners, Temasek, and others. The deal is subject to customary closing conditions and regulatory approvals and is expected to close in the second half of 2022.
Acquisition
growth-positive
Datto buys Israeli cybersecurity co BitDam
US cybersecurity company Datto Inc. is acquiring Israeli cybersecurity company BitDam. BitDam has developed protective tools to defend against cyber attacks. The company has raised $3.5 million in funding to date. Datto, with a market cap of $4 billion, will make BitDam its first Israeli acquisition. The acquisition will help Datto shape its security roadmap for MSPs and expand its revenue opportunities. The financial details of the acquisition were not disclosed.
Acquisition
Team Members
1
Employees: 11-50
Web & Social Links
| Website | www.datto.com/ |
Locations
HaShalom Rd 7, Tel Aviv-Yafo, Israel
Connecticut, USA
Photos & Videos
No files yet
