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‘Vista Controls Us’: 5 Warnings From Inside Datto’s IPO

Ahead of its IPO, Datto is setting the stage for a potential conflict between investors and its private equity owner forewarning that ‘its interests may conflict with ours or yours in the future.’

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$4 Million ‘Issues’

In a section of the filing in which it discusses bad debt, and customers who are slow to pay bills, Datto revealed that last year it converted “certain billing systems” and that after they did that it “adversely impacted our ability to collect past due amounts.

“In addition, we incurred an additional $4 million of bad debt expense as a result of billing system conversion issues experienced in 2019 which contributed to collection challenges,” the company stated.

In a separate section, the company said it was related to “past due” accounts.

“During 2019, we converted certain billing systems which adversely impacted our ability to collect past due amounts and resulted in an increase to our allowance for doubtful accounts.”

 
 
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