Datto Holding Corp. provides cloud-based software and technology solutions for delivery through the managed service provider (MSP) channel to small and medium businesses in the United States and internationally. Its Unified Continuity products include Business Continuity and Disaster Recovery that protects servers and workstations, and minimize downtime; Cloud Continuity, an image-based continuity solution for Windows-based laptops and desktops; SaaS Protection, an automated and secure backup and restoration product; Workplace, a cloud-hosted file sync and share solution, which enable end-users to synchronize files across platforms, including mobile devices; and File Protection, an MSP-managed secure and scalable backup product that enables MSPs to protect and recover files and folders on workstations and laptops. The company's networking Products comprise access points, switches, edge routers, and managed power devices. Its business management products consist of Autotask Professional Services Automation, an IT business management product; and remote monitoring and management. The company was formerly known as Merritt Topco, Inc. and changed its name to Datto Holding Corp. in January 2020. Datto Holding Corp. was founded in 2007 and is headquartered in Norwalk, Connecticut.
IPO Year: 2020
Exchange: NYSE
Website: datto.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/25/2022 | $36.00 → $34.00 | Overweight | Morgan Stanley |
| 2/24/2022 | $32.00 → $29.00 | Buy | Needham |
| 1/25/2022 | $33.00 → $36.00 | Equal-Weight → Overweight | Morgan Stanley |
| 12/29/2021 | $29.00 → $32.00 | Buy | Needham |
| 12/14/2021 | $29.00 | Buy | Needham |
| 10/21/2021 | $38.00 | Outperform | Northland Capital Markets |
| 10/13/2021 | $34.00 → $31.00 | Overweight | Barclays |
| 8/12/2021 | $32.00 → $33.00 | Equal-Weight | Morgan Stanley |
| 7/27/2021 | $34.00 | Buy | Berenberg |
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First quarter subscription revenue grew 18% year-over-year to $160.5 million and 20% in constant currency ARR grew 20% year-over-year to $689.3 million Datto Holding Corp. (Datto) (NYSE:MSP), the leading global provider of security and cloud-based software solutions purpose-built for Managed Service Providers (MSPs), today announced its financial results for the first quarter ended March 31, 2022. "We had a strong start to 2022, achieving 20% subscription revenue growth in constant currency terms for the first time since going public," said Tim Weller, Datto's Chief Executive Officer. "We added 700 net new MSP partners during the quarter, our best quarter of partner additions in over two
Next Generation SIRIS 5 Delivers up to 4X More Performance; Cloud Continuity for PCs Extends Vital Protection of Data to Laptops and Desktops Datto Holding Corp. ("Datto") (NYSE:MSP), the leading global provider of security and cloud-based software solutions purpose-built for Managed Service Providers (MSPs), today launches two continuity solutions, including its next generation SIRIS 5 product featuring up to 4X the performance and Cloud Continuity for PCs, improved for today's dynamic, hybrid workforce. Both all-in-one backup and recovery solutions empower MSPs with best-in-class continuity for their small and medium business (SMB) clients. In the event of a physical loss, ransomware, ha
Datto stockholders to receive $35.50 per share in cash Kaseya, a premier provider of unified IT management and security software for managed service providers (MSPs) and small to medium-sized businesses (SMBs), and Datto (NYSE:MSP), a leading global provider of security and cloud-based software solutions purpose-built for MSPs, announced today that they have entered into a definitive agreement for Kaseya to acquire Datto. The all-cash transaction will be funded by an equity consortium led by Insight Partners, with significant investment from TPG Capital and Temasek, and participation from notable investors including Sixth Street. Under the terms of the agreement, Datto stockholders will r
CEO Tim Weller Announces Plans for DattoCon22 Datto Holding Corp ("Datto"), (NYSE:MSP), the leading global provider of security and cloud-based software solutions purpose-built for Managed Service Providers (MSPs), today features its MSP Technology Day entitled "Elevate your SaaS Security: Defend, Backup, Recover." The virtual event offers two sessions for global audiences, 9 a.m. ET and 6 p.m. ET, and addresses ways MSPs can proactively defend against cyberattacks, limit downtime and prevent critical data loss for their clients. Successful cyberattacks are responsible for more than 60% of closures of small and medium businesses (SMBs), according to a recent Vistage report¹. With attacks
New Chief Financial Officer and first-ever Chief People Officer tapped to enhance performance, elevate workplace culture as company continues rapid growth trajectory CHICAGO, March 17, 2022 /PRNewswire/ -- LogicGate®, a leading provider of transformative risk and compliance solutions, names Kara Smith as CFO and Caroline Werner as CPO. In their roles, Smith will lead LogicGate's strategic financial planning and initiatives, while Werner will oversee the execution of HR initiatives, including talent management, recruiting, leadership development, and DE&I. "The breadth of exp
Datto Holding Corp. (Datto) (NYSE:MSP), the leading global provider of security and cloud-based software solutions purpose-built for Managed Service Providers (MSPs), today announced that Tim Weller, Chief Executive Officer and John Abbot, Chief Financial Officer, are scheduled to present at the Morgan Stanley Technology, Media and Telecommunications Conference on Tuesday, March 8, 2022, at 4:15 p.m. ET. A live webcast of the presentation will be accessible by visiting Datto's investor website at investors.datto.com. An archived version will be available shortly after the completion of the presentation. About Datto As the leading global provider of security and cloud-based software soluti
Fourth quarter subscription revenue grew 19 percent year-over-year to $153.2 million ARR grew 21 percent year-over-year to $658.4 million Datto Holding Corp. (Datto) (NYSE:MSP), the leading global provider of security and cloud-based software solutions purpose-built for Managed Service Providers (MSPs), today announced its financial results for the fourth quarter and full year ended December 31, 2021. "We finished 2021 on a strong note with another quarter of accelerating growth," said Tim Weller, Datto's Chief Executive Officer. "The fourth quarter capped an exceptional year for Datto and our MSP partners. We exceeded all of our targets in our first full year as a public company and lau
Datto Holding Corp, (NYSE:MSP), the leading global provider of cloud-based software and security solutions purpose-built for delivery by Managed Service Providers (MSPs), today announced that Emily Tabak Epstein has been appointed Datto's General Counsel. Epstein replaces retiring General Counsel, Michael Fass, who has held the role since 2013. Epstein will join Datto's Executive team, reporting to CEO Tim Weller. She will lead all legal and compliance strategies globally and serve as a strategic advisor for Datto's executives and board of directors. Most recently, Epstein served as Deputy General Counsel & Corporate Secretary at Coupang, Inc., where she led the global legal team through C
Innovative Threat Detection and Response Technology Builds Upon Datto's Endpoint Security Offering for MSPs Datto Holding Corp. (Datto) (NYSE:MSP), the leading global provider of cloud-based software and security solutions purpose-built for Managed Service Providers (MSPs), today announced that it has acquired threat detection and response company Infocyte, extending Datto's security capabilities that protect, detect, and respond to cyberthreats found within endpoints and cloud environments. Based in Austin, Texas, Infocyte is an innovator in Endpoint Detection and Response (EDR) technologies and Managed Detection and Response (MDR) services. Founded by threat intelligence experts from r
Datto Holding Corp. ("Datto") (NYSE:MSP) the leading global provider of cloud-based software and security solutions purpose-built for delivery by Managed Service Providers (MSPs), today announced it will report fiscal fourth quarter and full-year 2021 operating and financial results after the market close on Wednesday, February 23, 2022. Management will host a conference call and webcast to discuss the Company's financial results at 5:00 pm ET. Datto Fourth Quarter and Full-Year 2021 Results Conference Call When: Wednesday, February 23, 2022 Time: 5:00 pm ET Conference ID: 8751783 Live Call: 1-888-660-6179 (US/Canada Toll-Free) or 1-929-203-1946 (International) Replay: 1-800-770-2030 (US/C
Breach Will Continue to Focus on Growth Opportunities, Firm Infrastructure and Governance Vista Equity Partners ("Vista"), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, today announced it has appointed David A. Breach as President of Vista. As President, Mr. Breach will continue to serve on Vista's Executive Committee and Private Equity Management Committee as well as the investment committees of Vista's private equity funds. He will retain his title of Chief of Operating Officer and continue his management company operational leadership roles and responsibilities, which include oversight across legal, compliance, info
Datto stockholders to receive $35.50 per share in cash Kaseya, a premier provider of unified IT management and security software for managed service providers (MSPs) and small to medium-sized businesses (SMBs), and Datto (NYSE:MSP), a leading global provider of security and cloud-based software solutions purpose-built for MSPs, announced today that they have entered into a definitive agreement for Kaseya to acquire Datto. The all-cash transaction will be funded by an equity consortium led by Insight Partners, with significant investment from TPG Capital and Temasek, and participation from notable investors including Sixth Street. Under the terms of the agreement, Datto stockholders will r
Innovative Threat Detection and Response Technology Builds Upon Datto's Endpoint Security Offering for MSPs Datto Holding Corp. (Datto) (NYSE:MSP), the leading global provider of cloud-based software and security solutions purpose-built for Managed Service Providers (MSPs), today announced that it has acquired threat detection and response company Infocyte, extending Datto's security capabilities that protect, detect, and respond to cyberthreats found within endpoints and cloud environments. Based in Austin, Texas, Infocyte is an innovator in Endpoint Detection and Response (EDR) technologies and Managed Detection and Response (MDR) services. Founded by threat intelligence experts from r
Datto Holding Corp. ("Datto") (NYSE:MSP) the leading global provider of cloud-based software and security solutions purpose-built for delivery by Managed Service Providers (MSPs), today announced it will report fiscal fourth quarter and full-year 2021 operating and financial results after the market close on Wednesday, February 23, 2022. Management will host a conference call and webcast to discuss the Company's financial results at 5:00 pm ET. Datto Fourth Quarter and Full-Year 2021 Results Conference Call When: Wednesday, February 23, 2022 Time: 5:00 pm ET Conference ID: 8751783 Live Call: 1-888-660-6179 (US/Canada Toll-Free) or 1-929-203-1946 (International) Replay: 1-800-770-2030 (US/C
Datto Holding Corp. ("Datto") (NYSE:MSP) the leading global provider of cloud-based software and security solutions purpose-built for delivery by Managed Service Providers (MSPs), today announced it will report fiscal third quarter 2021 operating and financial results after the market close on Wednesday, November 10, 2021. Management will host a conference call and webcast to discuss the Company's financial results at 5:00 pm ET. Datto Third Quarter 2021 Results Conference Call When: Wednesday, November 10, 2021 Time: 5:00 pm ET Conference ID: 8751783 Live Call: 1-888-660-6179 (US/Canada Toll-Free) or 1-929-203-1946 (International) Replay: 1-800-770-2030 (US/Canada Toll-Free) or 1-647-362-
Datto Holding Corp. ("Datto") (NYSE:MSP) the leading global provider of cloud-based software and security solutions purpose-built for delivery by managed service providers, today announced it will report fiscal second quarter 2021 operating and financial results after the market close on Wednesday, August 11, 2021. Management will host a conference call and webcast to discuss the Company's financial results at 5:00 pm ET. Datto Second Quarter 2021 Results Conference Call When: Wednesday, August 11, 2021 Time: 5:00 pm ET Conference ID: 9731029 Live Call: 1-833-312-1358 (US/Canada Toll-Free) or 1-236-712-2458 (International) Replay: 1-800-585-8367 (US/Canada Toll-Free) or 1-416-621-4642 (Int
MADISON, Wis., June 01, 2021 (GLOBE NEWSWIRE) -- The Madison Covered Call and Equity Strategy Fund (NYSE:MCN) (the "Fund") declares its quarterly dividend of $0.18/share. The dividends will be payable June 30, 2021 to shareholders of record on June 16, 2021. The ex-dividend date will be June 15, 2021. If it is determined that a notification is required pursuant to Section 19(a) of the Investment Company Act of 1940, as amended, such notice will be posted to the Fund's website after the close of business three business days before the payable date. If a distribution rate is largely comprised of sources other than income, it may not reflect Fund performance. The Fund's objective is to achie
NORWALK, Conn.--(BUSINESS WIRE)--Datto Holding Corp. (“Datto”) (NYSE:MSP), the leading global provider of cloud-based software and technology solutions purpose-built for managed service providers (MSPs), today announced that it has acquired BitDam Ltd., an Israel-based cyber threat detection company (“BitDam”). BitDam’s cyber-defense platform secures collaboration tools, such as M365 and Google Workspace, from ransomware, malware, and phishing. Its leading threat detection technology was built to stop zero-day threats including those that do not match any known malware signatures, proactively defending against malware and phishing threats within a user’s inbox, chat, or cloud dri
Morgan Stanley reiterated coverage of Datto Holding with a rating of Overweight and set a new price target of $34.00 from $36.00 previously
Needham reiterated coverage of Datto Holding with a rating of Buy and set a new price target of $29.00 from $32.00 previously
Morgan Stanley upgraded Datto Holding from Equal-Weight to Overweight and set a new price target of $36.00 from $33.00 previously
Needham reiterated coverage of Datto Holding with a rating of Buy and set a new price target of $32.00 from $29.00 previously
Needham initiated coverage of Datto Holding with a rating of Buy and set a new price target of $29.00
Northland Capital Markets initiated coverage of Datto Holding with a rating of Outperform and set a new price target of $38.00
Barclays reiterated coverage of Datto Holding with a rating of Overweight and set a new price target of $31.00 from $34.00 previously
Morgan Stanley reiterated coverage of Datto Holding with a rating of Equal-Weight and set a new price target of $33.00 from $32.00 previously
Berenberg initiated coverage of Datto Holding with a rating of Buy and set a new price target of $34.00
Credit Suisse resumed coverage of Datto Holding with a rating of Neutral and set a new price target of $33.00
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