MSP - MSP STOCK NEWS

Datto Holding Corp. (NYSE: MSP) announced its Q4 and full-year 2020 financial results, showcasing a subscription revenue increase of 18% year-over-year, totaling $485.3 million. The company achieved total revenue of $518.8 million, a 13% rise from 2019. Adjusted EBITDA rose 78% to $150.5 million, while net income improved to $22.5 million. Datto's ARR reached $542.8 million, a 14% growth. The recent acquisition of BitDam enhances its offerings in cyber resilience. For 2021, Datto projects Q1 revenue between $142-$144 million and full-year revenue of $582-$590 million.

Datto Holding Corp. (NYSE:MSP) announced the acquisition of BitDam Ltd., a cyber threat detection company based in Israel. This strategic move enhances Datto's capabilities in securing collaboration tools like M365 and Google Workspace against ransomware, malware, and phishing attacks. BitDam's technology excels in detecting zero-day threats, addressing the rising concern of ransomware breaches reported by MSPs. This acquisition is expected to create new revenue opportunities for Datto's 17,000 MSP partners as cyber attacks on SMBs grow.

The Madison Covered Call and Equity Strategy Fund (NYSE:MCN) has declared a quarterly dividend of $0.18 per share, payable on March 31, 2021, to shareholders of record as of March 16, 2021. The ex-dividend date is set for March 15, 2021. The Fund aims for high current income and capital gains through investments in common stocks and by employing a covered call option strategy. Future dividend prospects may be influenced by market conditions affecting the Fund's total assets.

Datto Holding Corp. (NYSE: MSP) will announce its fiscal fourth quarter and full-year 2020 financial results on March 11, 2021, after market close. A conference call will be held at 5:00 pm ET to discuss the outcomes. Datto provides cloud-based software solutions tailored for managed service providers, catering to over a million businesses globally. The company has been recognized for its rapid growth and excellence in product support since its inception in 2007.

Datto Holding Corp. (NYSE:MSP) announced an upgraded Global Partner Program aimed at enhancing business growth for managed service providers (MSPs). Key features include the launch of the Datto Help Center, a unified Datto Community, expanded Datto Academy courses, and a rebranding of partner tiers. The program is designed to equip partners with tools, education, and marketing support, contributing to increased revenue. Datto has received multiple awards for this program's effectiveness and remains committed to listening to partner feedback.

Datto Holding Corp. (NYSE:MSP) has been invited to join the Multi-Sector Ransomware Task Force, aimed at combating cybercrime, especially ransomware attacks affecting small and mid-sized businesses (SMBs). As a founding member, Datto will collaborate with industry experts to enhance cyber resilience for SMBs, which are facing a surge in cyber threats, particularly during the COVID-19 pandemic. The FBI reports a 400% increase in cyberattacks since the pandemic's onset. Datto emphasizes the need for constant vigilance and collaboration against evolving cyber threats.

Datto Holding Corp. (NYSE: MSP) announces participation in the Barclays Global Technology, Media and Telecommunications Conference on December 10, 2020. CEO Tim Weller and CFO John Abbot will engage in a virtual fireside chat starting at 2:30 pm ET, along with hosting one-on-one investor meetings. The presentation will be accessible via live audio webcast on Datto’s investor relations website, ensuring broad investor engagement. Founded in 2007, Datto is recognized as a leader in cloud-based solutions for managed service providers, supporting over one million businesses worldwide.

Datto Holding Corp. (NYSE:MSP) will host its third virtual MSP Technology Day on December 9, 2020. The event will focus on Remote Monitoring and Management (RMM) and Professional Services Automation (PSA) solutions for managed service providers. Attendees can engage with integration vendors at 35 virtual booths. Key sessions include discussions on Cyber Resiliency and a talk with cybercrime journalist Brian Krebs. The first session runs from 9:00 AM to 1:30 PM EDT, followed by a second session from 6:00 PM to 10:30 PM EDT.

The Madison Covered Call and Equity Strategy Fund (NYSE:MCN) has announced a quarterly dividend of $0.18 per share, payable on December 30, 2020. Shareholders of record as of December 16, 2020 will receive this dividend, with the ex-dividend date set for December 15, 2020. The Fund aims to provide high current income and capital gains through investments in common stocks and covered call options. Future dividend amounts may fluctuate based on changes in total assets and market conditions. For more information, visit www.madisonfunds.com.