MSP-focused technology developer Datto announced on Wednesday that it has acquired BitDam, an Israeli cyber threat detection developer.
BitDam, based in Tel Aviv, Israel, is the developer of Advanced Threat Protection technology, or ATP, which the company says provides comprehensive defense against malware, phishing, business email compromise attacks, account compromise and spam.
The company’s most recent release, BitDam ATP+, was released earlier this month. BitDam says ATP+ was built in the cloud and for the cloud, and detects all unknown threats, identifies threats the first time they encounter them, protects enterprise collaboration tools from advanced threats, and provides two-click integration with Microsoft 365, OneDrive and Teams via Azure Marketplace.
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The acquisition price has not been disclosed.
The acquisition of BitDam follows 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 staged its IPO which gave it the symbol “MSP”, comes on the heels of several high-profile cyberattacks via MSP platforms that leverage the vast MSP base as a means of reach their customers.
These include the massive breach of the SolarWinds MSP Orion platform, which over the past two years has fallen prey to a targeted nation-state attack that has unleashed a cascade of security breaches. in sensitive government networks, including the Department of Homeland Security and the US Treasury.
Previously, Datto competitor ConnectWise was linked to numerous security breaches in 2019, starting with reports in April that the ConnectWise Control product had been used in the now infamous Wipro hack. Then, an MSP using ConnectWise Control had its network hacked in August, leading to the compromise of 22 municipal websites in cities and towns across Texas.
Datto declined to provide further details on the acquisition as of press time, other than to say that Datto will address the security and the acquisition Thursday during the company’s fourth fiscal quarter financial analysts’ conference call.
However, the company emailed CRN a statement from Datto CEO Tim Weller in which he discussed 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 challenges they face today. The addition of BitDam is in line with Datto’s deep commitment to delivering premium 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. .