Datto valuation tops $4bn after going public

Nima Green
clock • 2 min read

The MSP vendor has raised over half a billion dollars in its New York public debut

Datto has raised $594m after going public, hitting a valuation of over $4bn. The MSP-focused vendor's share price rose by 20 per cent on its first day of trading, before dropping back and ending...

To continue reading this article...

Join CRN

  • Enjoy full access to channelweb.co.uk - the UK’s top news source for the IT channel
  • Gain the latest insights through market analysis and interviews with channel leaders
  • Stay on top of key trends with the Insider weekly newsletter curated by CRN’s editor
  • Be the first to hear about our industry leading events and awards programmes

 

Join now

 

Already a CRN member?

Log in

You may also like
Shaun  Witherden, Greg Jones, Kaseya

Vendor

clock 21 February 2024 • 8 min read
Flotek acquires £3.1m-turnover MSP OES in North Wales

Reseller

This is the company second acquisition in the last three months

clock 13 February 2024 • 2 min read
Logpoint announces update to SIEM platform, targeting MSP growth

Vendor

Logpoint's Edy Almer emphasises SIEM upgrade benefits for MSPs as vendor takes aim at EMEA market

clock 30 January 2024 • 3 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Vendor

Google layoffs hit finance, real estate divisions: Report

Google layoffs hit finance, real estate divisions: Report

“We’re responsibly investing in our company's biggest priorities and the significant opportunities ahead,” a Google spokesperson said in an email

Wade Tyler Millward
clock 18 April 2024 • 2 min read
ConnectWise lays off 'less than 100' staffers to 'improve operations'

ConnectWise lays off 'less than 100' staffers to 'improve operations'

ConnectWise is laying off staff to improve operations and refocus on partner growth opportunities

CJ Fairfield
clock 18 April 2024 • 3 min read
Cisco makes AI infrastructure push with Hypershield announcement

Cisco makes AI infrastructure push with Hypershield announcement

New tech leverages NVIDIA partnership

clock 18 April 2024 • 2 min read