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Vista-owned backup and recovery business Datto submits to go public

Vista-owned backup and recovery business Datto submits to go public

by | Sep 30, 2020 | Fundings and Exit, Startups

When Vista Equity Partners acquired backup and disaster recovery company Datto in 2017, it was easy to believe that was the end of the business’s story. It would be comfortably taken in into the private equity portfolio continuing to generate income for the company, however that’s not really the way Vista works. It tends to construct […]
It tends to develop up its companies, sometimes ultimately taking them public, and the other day that’s what happened when Datto filed its S-1. In the very first 6 months of 2020, the business had membership revenues of$ 234 million and a gross earnings of $178 million. When sales and marketing and other expenses are added in, the company had a net earnings of$10 million. Of course, business like Datto always try to make the numbers look good in preparation for a public offering, so the real understanding will come in the next couple of quarters as we see if Datto can sustain its development and keep expenses in check. …

Apple device management company Jamf files S-1 as it prepares to go public

Apple device management company Jamf files S-1 as it prepares to go public

by | Jun 30, 2020 | Fundings and Exit

Jamf, the Apple gadget management company, filed to go public today. Jamf may not be a household name, however the Minnesota company has been around because 2002 assisting companies manage their Apple equipment. In the early days, that was Apple computers. Later it broadened to also manage iPhones and iPads. The business launched at a […] Jamf might not be a household name, but the Minnesota business has been around given that 2002 helping business manage their Apple devices. The company’s thin money balance makes it a good IPO prospect; going public will raise a portion of modification for the business, giving it more operating latitude and also perhaps an opportunity to lower its financial obligation load. Jamf’s march to the public markets adds its name to a growing list of companies. …