Summary
- Datto Holding Corp. has proposed terms for its U.S. IPO.
- The firm provides an IT infrastructure platform for managed service providers to SMBs.
- MSP has grown major metrics impressively, has industry growth trends in its favor and the IPO appears reasonably priced, so is worth close consideration.
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Quick Take
Datto Holding Corp. (MSP) has filed to raise $561 million in an IPO of its common stock, according to an S-1 registration statement.
The firm provides an infrastructure platform for managed service providers to sell services to small and medium businesses.
MSP is well-positioned in a growing industry, is doing a fine job of retaining its MSP partners and the IPO appears reasonably priced, so is worth consideration.
Company & Technology
Norwalk, Connecticut-based Datto was founded to create an integrated IT platform for managed service providers [MSPs] to deliver their software and services to small and medium businesses [SMBs] worldwide.
Management is headed by CEO Tim Weller, who has been with the firm since May 2017 and was previously interim CEO at Wonga, a financial technology company based in London, UK.
Below is a brief overview video of Datto:
