M&A Deal Summary

Datto Acquires Autotask

On October 24, 2017, Datto acquired information technology company Autotask from Vista Equity Partners

Acquisition Highlights
  • This is Datto’s 2nd transaction in the Information Technology sector.
  • This is Datto’s 2nd transaction in the United States.
  • This is Datto’s 1st transaction in New York.

M&A Deal Summary
Date 2017-10-24
Target Autotask
Sector Information Technology
Buyer(s) Datto
Sellers(s) Vista Equity Partners
Deal Type Merger

Target

Autotask

East Greenbush, New York, United States
Autotask Corp. is a provider of hosted IT business management software to streamline and optimize business processes for technology solution providers.

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Buyer(S) 1

Buyer

Datto

Norwalk, Connecticut, United States
Category Company
Founded 2007
Sector Information Technology
Employees2,089
Revenue 618M USD (2021)
DESCRIPTION
Datto's corporate headquarters in Norwalk, Connecticut.
Datto's corporate headquarters in Norwalk, Connecticut.

Datto is a vendor of backup, disaster recovery (BDR), and intelligent business continuity (IBC) solutions, providing technology and support to its 5,000+ channel Partners throughout North America and Europe. Datto is the only hybrid-cloud BDR/IBC vendor that provides instant on- and off-site virtualization and screenshot backup verification, achieved through its Inverse Chain Technology. The Datto product line addresses the specific needs of small to medium-sized businesses (SMBs) and serves a wide range of vertical markets including healthcare, financial, education, banking, legal, manufacturing, retail, and municipal. Datto is a channel-only provider. Solutions are resold through Managed Service Providers (MSPs), Value Added Resellers (VARs), and IT Service Providers to end-user businesses. Datto was founded in 2007 and is based in Norwalk, Connecticut.

DEAL STATS #
Overall 3 of 6
Sector (Information Technology) 2 of 5
Type (Merger) 1 of 1
State (New York) 1 of 1
Country (United States) 2 of 3
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-11 Backupify

Cambridge, Massachusetts, United States

Backupify is a backup technology provider for cloud-based data, offering archiving, search and restore solutions for online services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-16 Gluh Pty

Scoresby, Australia

Gluh Pty Ltd. is an Australia-based company that has a real-time platform that enables MSPs to simplify the procurement of IT products and services for their clients. Gluh’s technology automates the processes of product selection, quoting, and sales of IT products and services for MSP clients. Its SaaS platform includes a two-minute selling or quoting feature and a simple user interface to streamline sales, resulting in significant time savings and efficiency for MSPs. Gluh was formed in 2016 and is based in Scoresby.

Buy -

Seller(S) 1

SELLER

Vista Equity Partners

Austin, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 100.0B USD
Size Mega
Type Sector Focused
DESCRIPTION
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.
Entrance to Frost Bank Tower, Vista Equity's main office in Austin, Texas.

Vista Equity Partners is a mega-sized asset management firm focused on private equity, public equity, credit, and other strategies. The Firm's private equity group looks to invest in and acquire software and technology enabled services companies. Specific areas of interest include software, software-as-a-service (SaaS), technology-enabled business services, and technology-enabled information services. Vista can commit up to $700 million per transaction and will consider a variety transaction situations, including management/leveraged buyouts, growth or acquisition financings, recapitalizations or restructurings, spinouts, and take privates. Vista Equity Partners was formed in 2000 and is based in Austin, Texas.

DEAL STATS #
Overall 32 of 70
Sector (Information Technology) 5 of 10
Type (Merger) 2 of 4
State (New York) 3 of 7
Country (United States) 29 of 65
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-23 Bullhorn

Boston, Massachusetts, United States

Bullhorn is a provider of SaaS-based front office software for staffing and recruiting firms. Bullhorn’s offerings combine applicant tracking, customer relationship management, social media recruiting, online job posting, candidate sourcing, email and calendar integration, and business development tools. Bullhorn was founded in 1999 and is based in Boston, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-26 Datto

Norwalk, Connecticut, United States

Datto is a vendor of backup, disaster recovery (BDR), and intelligent business continuity (IBC) solutions, providing technology and support to its 5,000+ channel Partners throughout North America and Europe. Datto is the only hybrid-cloud BDR/IBC vendor that provides instant on- and off-site virtualization and screenshot backup verification, achieved through its Inverse Chain Technology. The Datto product line addresses the specific needs of small to medium-sized businesses (SMBs) and serves a wide range of vertical markets including healthcare, financial, education, banking, legal, manufacturing, retail, and municipal. Datto is a channel-only provider. Solutions are resold through Managed Service Providers (MSPs), Value Added Resellers (VARs), and IT Service Providers to end-user businesses. Datto was founded in 2007 and is based in Norwalk, Connecticut.

Buy -
Mergr

Product

Company

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