Maria Deutscher / SiliconANGLE - 3 years ago
  • Against the backdrop of another major buyout in enterprise technology, Vista Equity Partners LLC on Thursday announced plans to acquire Datto Inc., a cloud-based data protection provider.
  • The terms of the deal were not disclosed, but the price tag is likely quite considerable based on the available information. Datto has raised about $100 million from investors since launching in 2007 and operates offices throughout nearly a dozen major cities worldwide.
  • The company sells tools that let companies back up data from employee devices, backend infrastructure and cloud services such as Office 365 to a managed off-premise environment.
  • Datto sells its offerings to service providers, which in turn deliver them to businesses.