IPO • Information Technology

Vista Equity Partners Exits Datto

On October 20, 2020, invested in information technology company Datto from Vista Equity Partners

Investment Context

This is transaction in the Information Technology sector.
This is transaction in the United States.
This is transaction in Connecticut.

Investment Fate

Datto was sold to a strategic buyer in 2022 for 6.2B USD.

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Investment Summary
Date	October 20, 2020
Target	Datto
Sector	Information Technology
Sellers(s)	Vista Equity Partners
Deal Type	IPO

Target Company

Datto

Norwalk, Connecticut, United States

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.

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Seller Profile 1

SELLER

Vista Equity Partners

Austin, Texas, United States

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.

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 Context for Seller	#
Overall	44 of 72
Sector: Information Technology	8 of 10
Type: IPO	3 of 7
State: Connecticut	1 of 1
Country: United States	41 of 68
Year: 2020	5 of 7

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2020-08-13	Vertafore Denver, Colorado, United States Vertafore, Inc. is a cloud-based software that provides agency management, compliance, workflow, and data solutions that simplify and automate the complex property and casualty (“P&C”) insurance lifecycle. More than 20,000 agencies and 1,000 insurance carriers rely on Vertafore to streamline their processes, improve efficiency, and drive productivity. Vertafore, Inc. was founded in 1969 and is based in Denver, Colorado.	Sell	$5.4B

DATE

TARGET

DEAL TYPE

VALUE

2020-08-13

Vertafore

Denver, Colorado, United States

Vertafore, Inc. is a cloud-based software that provides agency management, compliance, workflow, and data solutions that simplify and automate the complex property and casualty (“P&C”) insurance lifecycle. More than 20,000 agencies and 1,000 insurance carriers rely on Vertafore to streamline their processes, improve efficiency, and drive productivity. Vertafore, Inc. was founded in 1969 and is based in Denver, Colorado.

Sell

$5.4B

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2020-10-23	Lone Wolf Dallas, Texas, United States Lone Wolf is a SaaS provider of back- and front-office solutions for residential real estate brokers and agents in North America. Lone Wolf offers software solutions used by more than 1.5 million agents, 9,000 brokerages, and hundreds of multiple listing services and associations throughout North America. Lone Wolf was founded in 1989 and is based in Dallas, Texas.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2020-10-23

Lone Wolf

Dallas, Texas, United States

Lone Wolf is a SaaS provider of back- and front-office solutions for residential real estate brokers and agents in North America. Lone Wolf offers software solutions used by more than 1.5 million agents, 9,000 brokerages, and hundreds of multiple listing services and associations throughout North America. Lone Wolf was founded in 1989 and is based in Dallas, Texas.