Datto has acquired BitDam, a cybersecurity and threat detection company. BitDam’s security technology could help MSPs to protect customer applications such as Microsoft 365 and Google Workspace. Financial terms of the deal were not disclosed.
BitDam’s technology protects customers from ransomware, malware, and phishing, Datto says. The 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, the buyer adds.
In addition to protecting Office 365, G Suite and Microsoft Exchange, BitDam’s technology can safeguard cloud drives (OneDrive, Google Drive, Dropbox, Box, etc.) and other collaboration tools (Teams, Zoom) from ransomware, malware, phishing and more, the company says.
2019: BitDam launched a free email security penetration testing tool, according to MSSP Alert. Organizations can use that tool to perform a controlled assessment that includes a series of file-based cyberattacks. Then, any emails that reach the determined test inbox indicate a cybersecurity point of failure, BitDam said at the time.
January 2021: BitDam added an MSP console to its Advanced Threat Protection solution. This console provides MSPs with an overview of all tenants/clients/organizations they oversee and enables fast and easy management, BitDam asserted at the time.
Datto Acquires BitDam: Executive Perspectives
Liron Barak, CEO, BitDam
Tim Weller, CEO, Datto
In a prepared statement about the deal, Datto CEO Tim Weller said:
“Cyber resilience has been at Datto’s core since the launch of our flagship Continuity service and the Datto Cloud over a decade ago. This acquisition marks an important step on our security journey, coming on the heels of our recent launch of Ransomware Detection in Datto RMM. Both deliver new revenue and margin opportunities to our 17,000 MSP partners just as cyber attacks on SMBs are proliferating. We welcome the elite BitDam security team to Datto as we continue to execute on an ambitious security roadmap for our partners.”
Added Liron Barak, BitDam’s co-founder and CEO:
“We are thrilled to be joining the Datto team to help shape the security roadmap for MSPs as threats evolve globally. Thanks to the talented BitDam team, whose excellence in cybersecurity technology innovation has led our journey here, our patented technologies can help protect cloud-based remote workforces from unknown cyber threats at an even greater scale through Datto.”
MSP Technology Companies and Cybersecurity
Multiple technology companies that support MSPs have been acquiring cybersecurity companies and/or building out cyber expertise. For instance:
Acronis has acquired multiple cybersecurity companies as part of a push beyond data protection toward cyber protection.
Meanwhile, MSP-friendly companies such as Barracuda and Sophos have been developing cyber tools specifically for MSPs for more than five years.
Datto: Back In Acquisition Mode
This is Datto’s second small, tuck-in acquisition in recent months. The other deal involved Gluh — which is now the foundation for Datto Commerce, a cloud-based sales platform. Datto Commerce provides MSPs with sales quoting, procurement and e-commerce capabilities, and connects to third-party distributors such as Ingram Micro and Synnex.
Datto is expected to announce Q4 2020 earnings results on Thursday, March 11, 2021.