Kaseya Ltd. has agreed to buy software maker Datto Holding Corp. in a deal valued at about $6.2 billion.
The offer of $35.50 per share represents a 52% premium to Datto’s stock price of $23.37 as of March 16, the company said in a statement on Monday. The all-cash transaction will be funded by an equity consortium led by Insight Partners Inc., with investment from TPG Capital and Temasek. Private equity firm Vista Equity Partners owned 69% of Datto’s shares as of Dec. 31, according to data compiled by Bloomberg.
