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Datto Holding Corp. (NYSE:MSP) has appointed Mark Clayton as Vice President for the Asia Pacific region. Based in Singapore, Clayton will oversee Go-To-Market strategies and expand the company's footprint in this critical market. With over 30 years of experience in enterprise technology, including leadership roles at Nutanix and Dell, Clayton aims to help Managed Service Providers (MSPs) meet the growing demand for security solutions. His appointment comes as the Asia Pacific region is projected to increasingly rely on digital products and services.
Datto Holding Corp. (NYSE:MSP) has recognized four female leaders in North America for their contributions to the Managed Service Provider (MSP) channel, marking the ninth consecutive year of such honors. The company reported a strong start to 2022, achieving a 20% year-over-year growth in Annual Recurring Revenue (ARR) and adding 700 new MSP partners, bringing the total to 19,200. Brooke Cunningham, CMO, was also named to CRN's Power 100 List, showcasing her impactful leadership and strategic guidance in the rapidly expanding MSP industry.
Datto Holding Corp. (NYSE: MSP) highlights a report underscoring the increasing demand for Managed Service Providers (MSPs) in the ASEAN region due to the rising frequency of cyberattacks. The study, conducted by Canalys, reveals that nearly 400 million personal records were compromised from 2018 to 2020. MSP revenue grew by 9% in 2021, reaching
Datto Holding Corp. (NYSE: MSP) reported a strong Q1 2022, with subscription revenue growing 18% year-over-year to $160.5 million and Annual Run-Rate (ARR) increasing 20% to $689.3 million. The company added 700 net new MSP partners, marking the best quarter for partner additions in over two years. Datto entered into an agreement for Kaseya to acquire the company for $35.50 per share, valuing it at approximately $6.2 billion. However, net income fell 48% to $7.9 million, and free cash flow decreased by 81% to $4.6 million.
Datto Holding Corp. (NYSE:MSP) has launched two new continuity solutions: SIRIS 5 and Cloud Continuity for PCs, significantly enhancing data protection for Managed Service Providers (MSPs). The SIRIS 5 offers up to 4X more performance with improved reliability and simplicity, making it a powerful tool against ransomware threats. Recent data shows that over 80% of ransomware attacks targeted small and medium businesses, underscoring the need for robust business continuity solutions to minimize downtime.
Kaseya has announced its acquisition of Datto in an all-cash deal valued at approximately
Datto Holding Corp (NYSE:MSP) announces its upcoming MSP Technology Day on September 11-13, 2022, in Washington, DC. The event aims to empower Managed Service Providers (MSPs) with strategies to enhance security and mitigate cyber threats following a reported 300% increase in cybercrimes. CEO Tim Weller emphasizes the need for proactive cybersecurity measures. Attendees will explore Datto's new offerings, including Datto SaaS Defense, and gain insights from experts on defending against data loss, and enhancing sales strategies for SaaS security.
Datto Holding Corp. (NYSE: MSP) will present at the Morgan Stanley Technology, Media and Telecommunications Conference on March 8, 2022, at 4:15 p.m. ET. The presentation will feature Tim Weller, CEO, and John Abbot, CFO. A live webcast can be accessed via Datto’s investor website, with an archived version available post-presentation. As a leader in security and cloud-based software for Managed Service Providers, Datto supports over one million businesses globally, focusing on cyber resilience and efficiency.
Datto Holding Corp. (MSP) reported a strong fourth quarter for 2021, with subscription revenue growing 19% year-over-year to $153.2 million and annual recurring revenue (ARR) up 21% to $658.4 million. Total revenue reached $164.3 million, an 18% increase. The company achieved a net income of $5.7 million, a significant recovery from last year’s loss. Datto also acquired cybersecurity firm Infocyte, enhancing its security solutions for Managed Service Providers (MSPs).
Looking ahead, Datto projects a revenue of $720 - $726 million for 2022, indicating continued growth.
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