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Datto Sets IPO Target at More Than $500 Million

October 15, 2020

Sees an expanded role for MSPs with SMBs when COVID-19 pandemic passes

Datto, which makes cloud-based technology that MSPs can sell to SMBs, is planning to raise $561 million when it goes public next week, the 13-year-old company said in a filing with the Securities and Exchange Commission (SEC).