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