The IT services software provider promises lower costs for consumers, tight integration between the two companies’ products. Credit: Rawpixel Kaseya, a maker of IT service and security management software, announced Thursday that it had finalized its $6.2 billion acquisition of cybersecurity company Datto, promising tight integration between the two companies’ products and lower pricing for customers.The deal’s closure marks the third high-profile acquisition for Kaseya in the past 18 months, as the company acquired security threat response company Infocyte in January, and threat detection company BitDam in March 2021. A total of 12 acquisitions have been completed by Kaseya under CEO Fred Voccola.The company’s public messaging about the Datto deal emphasized impending price cuts—an average of 10% across the board, according to Kaseya. Some products are expected to remain at the same price point, while others will drop significantly more, Kaseya said. Datto will continue to operate as an independent brand, Kaseya added. Voccola said in the announcement that Kaseya wants to build on Datto’s existing value. “I want to reiterate—we bought Datto because we think they’re AWESOME – their world-class products, highly-regarded brand, innovative culture and amazing people – we have no intention of messing up any of that,” he said. “[I]n the end, MSPs [managed service providers] will get the maximum value from their solutions at an affordable price.”Kaseya further promised to invest in innovation and integration between the two companies’ product lines, noting that 17 integrations between Datto and Kaseya products are anticipated within the month, and that all commercial integrations will be completed within 120 days. MSP customers, in the past, have had their doubts about Kaseya’s stewardship of its acquisitions. The company suffered a highly publicized ransomware attack in July 2021 that affected thousands of businesses contracting with MSPs worldwide, which tarnished its reputation somewhat, and MSPs are paying close attention to the deal and its potential fallout.It’s not Datto’s first time in the mergers and acquisitions spotlight—the company’s 2017 merger with Autotask represented a substantial shakesecrup of the MSP market, and it was subsequently acquired by investment firm Vista Equity Partners, before being listed on the New York Stock Exchange in October 2020. Related content brandpost Sponsored by Palo Alto Networks How you may be affected by the new proposed Critical Infrastructure Cyber Incident Reporting Rule The current cybersecurity regulatory landscape continues to evolve, and CIRCIA’s incident reporting requirements are just one of the many emerging regulations organizations will need to observe By Anand Oswal, Senior Vice President, and GM of Network Security at Palo Alto Networks May 15, 2024 5 mins Security news Singing River ransomware attack now thought to have affected over 895,000 The health care provider has dramatically increased its estimate of the number of patients affected by the August 2023 attack. By Shweta Sharma May 15, 2024 4 mins Data Breach Ransomware brandpost Sponsored by Sans Institute Clock is ticking for companies to prepare for EU NIS2 Directive Many companies are still not ready for the impact of NIS2, but SANS can help them prepare. By Laura McEwan May 15, 2024 3 mins Security feature Backlogs at National Vulnerability Database prompt action from NIST and CISA A crisis at the key US service for ranking vulnerabilities has been fueled by short resources and an explosion of security flaws as the volume of software production increases. By John Mello Jr. May 15, 2024 10 mins Threat and Vulnerability Management Security Practices Vulnerabilities PODCASTS VIDEOS RESOURCES EVENTS SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe