MSP-focused technology developer Datto Wednesday said it has acquired BitDam, an Israeli developer of cyber threat detection.
Tel Aviv, Israel-based BitDam is the developer of the Advanced Threat Protection, or ATP, technology the company claims offers comprehensive defense against malware, phishing, business email compromise attacks, account compromise, and spam.
The company’s most recent version, BitDam ATP+, was released earlier this month. BitDam claims ATP+ was built in the cloud and for the cloud, and detects all unknown threats, identifies threats at first encounter, protects business collaboration tools against advanced threats, and provides two-click integration with Microsoft 365, OneDrive, and Teams via the Azure Marketplace.
The price of the acquisition was not disclosed.
The acquisition of BitDam comes on the heels of Datto’s unveiling of its ransomware detection technology as part of the Datto RMM, or remote monitoring and management, platform for MSPs.
The new acquisition by Datto, which last year held its IPO that gave it the ticker symbol “MSP,” comes in the wake of several high-profile cyber attacks via MSP platforms that leverage the large MSP base as a way to reach their clients.
These include the huge breach of SolarWinds MSP Orion platform, which over the last couple years fell prey to a targeted nation-state attack that let loose a cascade of security breaches into sensitive government networks including the Department of Homeland Security and U.S. Treasury.
Prior to that, Datto competitor ConnectWise was tied to numerous security breaches in 2019, starting with reports in April that the ConnectWise Control product was used in the now-infamous Wipro hack. Then an MSP using ConnectWise Control had its network hacked in August, resulting in the compromise of 22 municipal web sites in cities and towns across Texas.
Datto declined to provide further details about the acquisition by press time, other than to say that Datto will address security and the acquisition Thursday during the company’s fourth fiscal quarter financial analyst conference call.
However, the company emailed to CRN USA a statement from Datto CEO Tim Weller in which he addressed the importance of security to Datto.
“Security has always been at the core of Datto’s offerings and we see it as our responsibility and role to help MSPs and SMBs address the heightened security concerns they face today. The addition of BitDam is consistent with Datto’s deep commitment to providing top of the line, cyber resilience capabilities for MSPs and SMBs, and aligns with our mission to shape a security roadmap for MSPs that helps them achieve cyber resilience,” Weller said in the statement.
Reference: https://www.crn.com.au/news/datto-acquires-bitdam-for-smb-msp-cyber-threat-protection-562010
