ADT Buys Datashield
November 14, 2017
operating under the brand ADT Cybersecurity, this service is uniquely
positioned to provide Enterprise and Mid-Market businesses with Managed
Detection and Response (MDR) services to combat advanced cyberthreats in
real-time. DATASHIELD CEO Michael Malone will join the ADT team as
Senior Vice President, ADT Cybersecurity, reporting directly to Timothy
J. Whall, CEO, ADT.
Terms were not disclosed.
The security gap is widening as advanced threats continue to bypass the
first line of defense, and many organizations are struggling to deploy,
manage and use an effective combination of expertise and tools to detect
advanced cyberthreats. Mid-Market and Enterprise organizations are
increasingly finding the need for 24x7 managed and monitored cyber
solutions to help detect and respond to cyberattacks. It is estimated
that by 2020, approximately 20 percent of Mid-Market and Enterprise
organizations will be using MDR services such as ADT Cybersecurity, up
from less than 1 percent in 2016.
DATASHIELD, now ADT Cybersecurity, is the only MDR provider to offer
full packet capture and inspection beyond headers and metadata behind
the firewall. ADT Commercial and National Account customers who look to
add ADT Cybersecurity services will also have access to SHIELDVision™, a
unified platform for organizing, managing, & collecting cyber
intelligence. SHIELDVision™ automates security analyst workflows to
close the gap between cyberattack and breach detection time and
remediation for customers.
Data breaches caused by cyberattacks on networks are plaguing businesses
of all sizes. This year could set another record for the number and
severity of data breaches after record years in 2015 and 2016. The
median time of compromise to discovery is a staggering 80 days with the
average cost of data breach costing organizations $3.62 million**.
“Our goal is to provide ADT customers with the most comprehensive
security solution to protect their business, and in today’s world, this
not only means their physical premise, but also their network,” said
ADT’s Whall. “For more than 143 years, ADT has been monitoring physical
properties, and DATASHIELD will now allow us to extend that same level
of security monitoring to the digital world. Michael and his team will
infuse cybersecurity DNA into our core business, allowing us to provide
an offering that will distinguish our brand as the premiere resource for
standard approach to cybersecurity was not designed to provide rapid
response,” said Michael Malone, CEO, DATASHIELD. “This is a landmark
opportunity to combine the brand and reach of ADT, with the technology
and innovation of DATASHIELD to establish the new standard in the most
comprehensive digital protection for Mid-Market and Enterprise
Headquartered in Scottsdale, AZ, DATASHIELD was founded in 2009 and has
quickly become the leader in Managed Detection and Response for the
Mid-Market and Enterprise. In September, DATASHIELD opened its
state-of-the-art Advanced Security Operations Center (ASOC), increasing
customer capacity by 300 percent.
ADT Cybersecurity services are available for Commercial and National
Account customers effective immediately.
Momentum Partners acted as exclusive financial advisor to DATASHIELD and
is serving as ADT’s strategic cybersecurity advisor.