Datto Agrees to Sale with Vista Equity Partners, Merger with Autotask
Boston – October 31, 2017 – Cooley advised data protection company Datto in connection with Datto’s entry into a definitive agreement providing for its sale to Vista Equity Partners and its simultaneous merger with existing Vista portfolio company Autotask. Cooley partner Miguel Vega led the team advising Datto on the transactions.
“We’re honored to be joining forces with both the world’s premier software investor, Vista Equity Partners, and with Autotask,” said Austin McChord, Datto’s founder and CEO, in a news release. “This unique combination of talent with a track record of success marks a new chapter that will make an even bigger impact for our managed service provider partners by delivering an unprecedented set of capabilities for them to serve millions of small businesses in the future.”
According to Datto, a combined management team will lead the merged entity with McChord as CEO. Autotask CEO Mark Cattini will continue to work closely with McChord and the combined team as a strategic advisor to the board of directors. Datto has announced that it expects the transaction, which is subject to customary closing conditions and regulatory approvals, to close in the fourth quarter of 2017. Terms of the deal will not be publicly disclosed.
Datto protects business data and provides secure connectivity for tens of thousands of the world's fastest growing companies. Datto’s total data protection solutions deliver uninterrupted access to business data on site, in transit and in the cloud. Autotask helps IT organizations worldwide work smarter with a complete, cloud-based IT business management platform that enables efficiency, accountability and access to the metrics that drive intelligent business decisions.
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