Vista-backed business software provider Datto sets terms for $561 million IPO

Datto Holding, which sells a hybrid IT infrastructure platform to managed service providers, announced terms for its IPO on Wednesday.

The Norwalk, CT-based company plans to raise $561 million by offering 22 million shares at a price range of $24 to $27. New investors Investment Group of Santa Barbara and Dragoneer Investment Group intend to purchase $112 million worth of shares in the offering. At the midpoint of the proposed range, Datto Holding would command a fully diluted market value of $4.2 billion.

Datto is the leading provider of cloud-based software and technology solutions purpose-built for delivery through the managed service provider (MSP) channel to small and medium businesses. The company’s cloud-based platform offerings include Unified Continuity, Networking, and Business Management software solutions and it currently serves 17,000 MSP partners.

Datto Holding was founded in 2007 and booked $493 million in revenue for the 12 months ended June 30,

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Reply is “Best in Class” Provider of Artificial Intelligence According to teknowlogy Group/PAC

Press release content from Business Wire. The AP news staff was not involved in its creation.

TURIN, Italy–(BUSINESS WIRE)–Oct 12, 2020–

Reply is among the leading service providers for Artificial Intelligence in the PAC INNOVATION RADAR for AI-related services, an industry study conducted by the independent research and consulting company teknowlogy Group/PAC.

The survey analyses the service performance of 30 international consulting firms and service providers that implement projects in the field of Artificial Intelligence. Providers in the PAC INNOVATION RADAR “AI-related Services in Germany 2020” are compared across four main metrics: breadth of the service spectrum, local delivery capability, investments in AI-specific solutions and staff training.

The study certifies Reply as “Best in Class” provider in the market for AI-related services in three categories: “Sales, Service and Marketing”, “Logistic and SCM” as well as “Production and IoT”.

Filippo Rizzante, Reply CTO: “Reply has

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