Managed services News
Kaseya Closes The Datto Acquisition: 6 Things To Know
Joseph F. Kovar, C.J. Fairfield
Here are six key things to know about Kaseya’s $6.2 billion acquisition of Datto, including the news that Datto CEO Tim Weller will not be a part of the new company.
Datto CEO Tim Weller To Leave
Tim Weller, who in early 2019 took the reins as Datto CEO and the following year took Datto public with the “MSP” stock symbol, will not be an official at Datto going forward, although he will be available to help transition Datto to Kaseya.
Voccola called Weller a great human being. “He [cares] about people, which is pretty cool, which is not very common, which is unfortunate in the world that we live in,” he said. “But Tim will be moving [on]. He won‘t be coming along the journey. Tim is a CEO, and a very good CEO. And Tim will continue advising me and the company and helping the company. He’s been a true pro during this process. But Tim will be moving on.”
By “moving on,” Voccola said it is important to emphasize that Weller will remain an unofficial adviser to Kaseya as needed.
“Tim bleeds Datto blue,” he said. “He loves Datto, and he wants what‘s best for Datto’s customers and Datto‘s employees, and he’s going to help me make sure we continue to deliver on that.“
Voccola said he does not know what Weller has planned for his future.
“Tim is a super-talented executive,” he said. “He‘s got a great track record. Tim can write his own ticket. Tim can do anything he wants. He can go run a company. He can go sit on boards. He can go be an operating partner at a private equity firm. He can hang out with his family, and he’s very close to his family. He‘s got kids. He can write his own ticket. And whatever he does, I’ve got his back 100 percent.”