Software maker Datto to be taken private by Kaseya for .2 bln

Software maker Datto to be taken private by Kaseya for $6.2 bln

Kaseya logo and binary code seen in this illustration taken, July 5, 2021. REUTERS/Dado Ruvic

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April 11 (Reuters) – Cybersecurity software provider Datto (MSP.N) said on Monday it would be taken private by security software company Kaseya for $6.2 billion in an all-cash deal funded by a consortium led by private equity firm Insight Partners.

The deal offers $35.50 per share in cash to Datto shareholders, a nearly 52% premium to the company’s closing price on March 16 before a media report said the software maker was exploring options, including a

 
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