The IT services software provider promises lower costs for consumers, tight integration between the two companies’ products. Credit: Rawpixel Kaseya, a maker of IT service and security management software, announced Thursday that it had finalized its $6.2 billion acquisition of cybersecurity company Datto, promising tight integration between the two companies’ products and lower pricing for customers.The deal’s closure marks the third high-profile acquisition for Kaseya in the past 18 months, as the company acquired security threat response company Infocyte in January, and threat detection company BitDam in March 2021. A total of 12 acquisitions have been completed by Kaseya under CEO Fred Voccola.The company’s public messaging about the Datto deal emphasized impending price cuts—an average of 10% across the board, according to Kaseya. Some products are expected to remain at the same price point, while others will drop significantly more, Kaseya said. Datto will continue to operate as an independent brand, Kaseya added.Voccola said in the announcement that Kaseya wants to build on Datto’s existing value. “I want to reiterate—we bought Datto because we think they’re AWESOME – their world-class products, highly-regarded brand, innovative culture and amazing people – we have no intention of messing up any of that,” he said. “[I]n the end, MSPs [managed service providers] will get the maximum value from their solutions at an affordable price.”Kaseya further promised to invest in innovation and integration between the two companies’ product lines, noting that 17 integrations between Datto and Kaseya products are anticipated within the month, and that all commercial integrations will be completed within 120 days. MSP customers, in the past, have had their doubts about Kaseya’s stewardship of its acquisitions. The company suffered a highly publicized ransomware attack in July 2021 that affected thousands of businesses contracting with MSPs worldwide, which tarnished its reputation somewhat, and MSPs are paying close attention to the deal and its potential fallout.It’s not Datto’s first time in the mergers and acquisitions spotlight—the company’s 2017 merger with Autotask represented a substantial shakesecrup of the MSP market, and it was subsequently acquired by investment firm Vista Equity Partners, before being listed on the New York Stock Exchange in October 2020. Related content feature How cybersecurity teams should prepare for geopolitical crisis spillover CISOs can anticipate and prepare for cyberattacks conducted by participants in geopolitical conflict such as the Israel/Hamas war by understanding the threat actors' motivations and goals. By Christopher Whyte Dec 05, 2023 12 mins Advanced Persistent Threats Advanced Persistent Threats Advanced Persistent Threats news analysis P2Pinfect Redis worm targets IoT with version for MIPS devices New versions of the worm include some novel approaches to infecting routers and internet-of-things devices, according to a report by Cado Security. By Lucian Constantin Dec 04, 2023 5 mins Botnets Hacker Groups Security Practices news Hackers book profit by scamming Booking.com customers Malicious elements are using Vidar infostealer to gain access to Booking.com’s management portal and defraud customers. By Gagandeep Kaur Dec 04, 2023 4 mins Cyberattacks opinion Proactive, not reactive: the path to ensuring operational resilience in cybersecurity The experience of the financial sector in dealing with threats is instructive to anyone in the cybersecurity space — there’s no substitute for getting out ahead of potential risks and problems. By Cameron Dicker Dec 04, 2023 6 mins Financial Services Industry Data and Information Security Security Practices Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe