Datto CEO On BitDam Buy: ‘The Real Key Is Depth, Not Breadth’
‘Security and cloud are complex by nature, but we will make them simple and turn them into growth margin opportunities for our partners. . We will continue to increase our investment in each area to expand our product offerings and addressable market, which we believe will drive strong partner retention,’ says Datto CEO Tim Weller. By Joseph F. Kovar March 12, 2021, 09:36 AM EST
2020 was a strong year for Datto, and an expanded focus on the cloud and security will drive the company to new heights in the year to come, said Datto CEO Tim Weller.
Datto acquires Israeli threat detection vendor BitDam
Datto acquires Israeli threat detection vendor BitDam
Secures Microsoft 365 and Google Workspace from ransomware, malware and phishing.
James Bergl (Datto) Credit: Christine Wong / ARN
Backup and disaster recovery vendor Datto has ramped up its threat detection capabilities with the acquisition of Israeli cyber security vendor BitDam.
The move will help Datto’s small- to medium-sized managed service providers (MSPs) fend off phishing and malware threats.
Bought for an unspecified amount, BitDam will now bring its security platform, which allegedly secures Microsoft 365 and Google Workspace from ransomware, malware and phishing, to Datto. The deal will see BitDam’s “elite” security team join Datto.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Datto Acquires Cyber Threat Detection Company BitDam
March 10, 2021 GMT
NORWALK, Conn. (BUSINESS WIRE) Mar 10, 2021
Datto Holding Corp. (“Datto”) (NYSE:MSP), the leading global provider of cloud-based software and technology solutions purpose-built for managed service providers (MSPs), today announced that it has acquired BitDam Ltd., an Israel-based cyber threat detection company (“BitDam”).
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BitDam’s cyber-defense platform secures collaboration tools, such as M365 and Google Workspace, from ransomware, malware, and phishing. Its leading threat detection technology was built to stop zero-day threats including those that do not match any known malware signatures, proactively defending against malware and phishing threats within a user’s inbox, chat, or cloud drive. Year after year, MSPs report phishing as the most common cause of successful ransomware breaches