Vista buys data protection provider Datto and combines it with Autotask

Vista Equity Partners has bought Datto, a provider of data protection solutions for businesses, and merged the business with portfolio company Autotask.

Together, the two businesses will create a single entity designed to empower  Managed Service Providers (MSPs) and IT Service Providers (ITSPs), with Autotask’s IT business management offerings joining with Datto’s data protection solutions.

The combined entity will be able to meet the needs MSPs and ITSPs from operations through service delivery, including professional services automation, backup and disaster recovery, networking continuity, file sync and share, and remote monitoring and management. They have nearly 13,000 customers service more than 500,000 SMBs in 125 countries worldwide.

Mark Cattini, Autotask president and CEO, said: “With the powerful combination of the Autotask Unified PSA-RMM platform and Datto’s industry leading business continuity solutions, together we can now deliver unprecedented innovation and unmatched levels of value and service to our customers and partners worldwide.

“This merger marks a natural step in our evolution as we continue to bring more managed service offerings to the channel. 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.”

Datto protects business data and provides secure connectivity, with its total data protection solutions delivering access to business data on site, in transit and in the cloud.

While Autotask helps IT organizations worldwide ‘work smarter’ with a complete, cloud-based IT business management platform to enable efficiency and accountability.

Earlier this year, Vista Equity, a private equity firm focused on software, data and technology-enabled businesses, bought Canadian financial software-provider DH Corp. Following the acquisition, Vista merged D+H with another of its portfolio companies, UK-based Misys after completing the acquisition.

Copyright © 2017 FINTECH GLOBAL

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