MSP - MSP STOCK NEWS

Datto Holding Corp. (NYSE: MSP) announced that CEO Tim Weller and CFO John Abbot will present virtually at the William Blair 41st Annual Growth Stock Conference on June 2, 2021, at 12:20 p.m. ET. Investors can access the live webcast on Datto's investor website, with an archived version available post-presentation. Datto is a leader in cloud-based software and security solutions for managed service providers (MSPs), aimed at empowering small and medium businesses to achieve significant growth and resilience against cyber threats.

Datto Holding Corp. (NYSE: MSP) reported strong financial results for Q1 2021, with subscription revenue reaching $135.6 million, up 17% year-over-year. Total revenue increased to $144.9 million, marking a 16% rise from Q1 2020. Annual Recurring Revenue (ARR) climbed to $572.5 million, a 15% improvement over the previous year. The company added 300 new partners and emphasized continued investments in cloud and security solutions to support managed service providers, positioning itself well to capitalize on market growth.

Datto Holding Corp. (NYSE:MSP) is hosting its inaugural virtual MSP Marketing & Sales Day on May 20, 2021, addressing the significant sales and marketing challenges faced by Managed Service Providers (MSPs). Building on insights from Datto’s Global State of the MSP Report, the event aims to equip MSPs with essential tools and resources to enhance revenue growth. Attendees will engage in expert-led sessions covering topics like lead generation and client relationship management. The event features two sessions, ensuring broad participation.

Datto (NYSE:MSP) announced its collaboration with the Ransomware Task Force (RTF) on the report titled “Combating Ransomware: A Comprehensive Framework for Action”. Led by Datto’s CISO Ryan Weeks, the RTF aims to address the urgent national security threat from ransomware attacks, highlighting that 95% of managed service providers (MSPs) are increasingly targeted. The report outlines four strategic goals: deter, disrupt, prepare, and respond to ransomware threats. It emphasizes the importance of cyber hygiene, funding for MSPs, and increased transparency regarding ransomware incidents.

Datto Holding Corp. (NYSE: MSP) announced it will release its fiscal first quarter 2021 operating and financial results on May 12, 2021, after the market close. A conference call and webcast will follow at 5:00 pm ET to discuss the results. Datto specializes in cloud-based software and security solutions specifically designed for managed service providers. With a focus on enhancing cyber resilience and business efficiency, Datto serves over one million businesses worldwide.

Datto (NYSE:MSP) has announced the commercial launch of Datto Commerce in North America, a real-time sales platform designed to streamline product procurement for managed service providers (MSPs). This platform aims to enhance profitability and operational efficiency by simplifying quoting and automating purchasing processes. Key features include:

• Simplified quoting for quick approvals.
• Automated procurement based on product availability.
• Built-in e-commerce for direct client purchases.
• Vendor data feeds for cost efficiency.
• Rapid onboarding with Datto support.

MSPs can potentially triple sales pipelines and double product sales with this technology.

The Madison Covered Call and Equity Strategy Fund (NYSE:MCN) has corrected its net asset value (NAV) from $7.33 to $7.50 due to an administrative error occurring on March 22, 2021. The Fund aims for high current income and capital gains, with a focus on common stocks and covered call options to generate income. Market fluctuations can impact dividend issuance, which is influenced by changes in the Fund's total assets. More details can be found on the Fund's website.