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 Cyber NewsWire Memcyco Report Reveals Only 6% Of Brands Can Protect Their Customers From Digital Impersonation Fraud By Cyber NewsWire - Paid Press Release May 21, 2024 4 mins Cyberattacks Security opinion Employee discontent: Insider threat No. 1 CISOs who focus only on detection technology — and don’t engage with the human side of the security equation — are missing a key ingredient for insider risk management. By Christopher Burgess May 21, 2024 7 mins CSO and CISO Threat and Vulnerability Management Human Resources how-to Download the hybrid cloud data protection enterprise buyer’s guide From the editors of our sister publication Network World, this enterprise buyer’s guide helps network and security IT staff understand the issues their organizations face around protecting corporate data in a hybrid cloud environment and how to By Neal Weinberg May 20, 2024 1 min Cloud Security Data and Information Security Enterprise Buyer’s Guides news analysis Global stability issues alter cyber threat landscape, ESET reports With conflict on the rise, regional APT groups are increasing activity, altering focus, and putting specific industries in their crosshairs. Here’s what CISOs should know. By Evan Schuman May 20, 2024 4 mins Advanced Persistent Threats Cyberattacks Threat and Vulnerability Management 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