Tag: terms

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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Election 2020: Four-year political terms are a terrible idea

OPINION: Jacinda Ardern and Judith Collins might want them, but four-year terms are bad idea.

The two leaders surprised each other with their agreement on the matter at their debate this week, both presenting the conventional argument that longer terms would allow governments to get more done. Ardern also joked it would be nice to only see moderator Patrick Gower once every four years.

Speaking after the debate, both seemed interested in pursuing it further, although Collins was clear a referendum would be needed.

Kiwis have already been asked – twice – whether New Zealand should move to a four-year term. (Politicians are clearly very keen.) The public rejected it by two-thirds margins in both 1967 and 1990.

If they are asked again, they should reject it again.

READ MORE:
* Election debate verdict: Ardern and Collins draw in round two, but is the die already cast?
* Election 2020:

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