ADT acquires Datashield to launch “ADT Cybersecurity”
ADT says this service is “uniquely positioned to provide enterprise and mid-market businesses with Managed Detection and Response (MDR) services to combat cyberthreats in real-time. The company also says that by 2020, approximately 20 per cent of mid-market and enterprise organizations will be using MDR services such as ADT Cybersecurity, up from less than 1 per cent in 2016.
Datashield CEO Michael Malone will join ADT as senior vice president, ADT Cybersecurity, reporting directly to Timothy J. Whall, CEO, ADT.
ADT says that 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 want to add ADT Cybersecurity services will also have access to SHIELDVision, a unified platform for organizing, managing and collecting cyber intelligence. SHIELDVision automates security analyst workflows to close the gap between cyberattack and breach detection time and remediation for customers, the company says.
“Our goal is to provide ADT customers with the most comprehensive security solutions to protect their business, and in today’s world, this not only means their physical premise, but also their network,” said 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.”
Momentum Partners acted as exclusive financial advisor to Datashield and is serving as ADT’s strategic cybersecurity advisor.