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March 17, 2021

Datto acquires cyber threat detection company 

PHOTO | CONTRIBUTED CEO Tim Weller
By Michelle Tuccitto Sullo

Norwalk-based software firm Datto Holding Corp., which provides cloud-based software and technology solutions, has acquired BitDam Ltd., an Israeli cyber threat detection company.

Financial terms of the deal were not disclosed.

Tim Weller, CEO of Datto, said cyber attacks are proliferating.

“This acquisition marks an important step on our security journey,” Weller said in an announcement.

BitDam works to secure collaboration tools, such as Google Workspace, from ransomware, malware and phishing. The company has technology which works to detect and stop unknown threats at first encounter and proactively defend against malware and phishing threats in a user’s inbox, chat feature or cloud drive. 

According to Datto, phishing is the most common cause of successful ransomware breaches. The term refers to the practice of impersonating a trusted individual or company via a digital communication, with the goal of obtaining key private information, such as passwords or credit card information.

“We welcome the elite BitDam security team to Datto as we continue to execute on an ambitious security road map for our partners,” Weller said.

The acquisition follows Datto’s recent launch of its Ransomware Detection product.

Liron Barak, BitDam’s CEO and co-founder, said the company is “thrilled” to join the Datto team to help shape security as threats evolve around the world.

“Our patented technologies can help protect cloud-based remote workforces from unknown cyber threats at an even greater scale through Datto,” Barak said.

Datto was founded in 2007. In addition to its Norwalk headquarters, it has offices in the United Kingdom, Netherlands, Denmark, Germany, Canada, Australia, China, and Singapore. 

Datto raised $594 million when it debuted on the New York Stock Exchange in October.

Contact Michelle Tuccitto Sullo at msullo@newhavenbiz.com.

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