CrowdStrike to Acquire Flow Security to Expand Its Cloud Security Leadership with Data Security Posture Management (DSPM)
05 Marzo 2024 - 3:02PM
Business Wire
CrowdStrike redefines modern data security with
the unified platform that protects data at rest and in motion as it
flows through the cloud, on-premise and within applications
CrowdStrike (Nasdaq: CRWD) today announced it has agreed to
acquire Flow Security, the industry's first and only cloud data
runtime security solution. With this acquisition, CrowdStrike is
setting the standard for modern cloud security with comprehensive
real-time data protection spanning endpoint and cloud environments,
delivering the only cloud data protection platform that secures
data in all states, both at rest and in motion.
An organization’s most critical information remains the primary
target of the adversary. As businesses use more data than ever, the
growing reliance on cloud has led to the distribution of data
across cloud-based services, third-party APIs and GenAI
applications. Adversaries are increasingly becoming adept at
exploiting the gaps created by stitched together platforms and
cloud point-products to target and steal sensitive data. Stopping
breaches requires a unified security platform that natively
protects data at rest and in motion as it flows through the cloud,
on-prem and within applications. With the acquisition of Flow
Security and by bringing data security posture management (DSPM) to
the CrowdStrike Falcon® XDR platform, CrowdStrike is setting a new
standard for modern cloud security with data security innovations
that discover, classify, and protect data in all states from the
risk of exposure, wherever it moves or resides.
“CrowdStrike was born in the cloud and pioneered cloud-native
cybersecurity. We have been consistently recognized as the
strategic leader in cloud security by delivering the outcomes
customers need most from a single, unified platform,” said George
Kurtz, co-founder and CEO of CrowdStrike. “With the acquisition of
Flow Security, we’re expanding our cloud leadership by protecting
data in all states as it flows through the cloud, and are
redefining the future of data protection by securing data from
code, to application, to device and cloud.”
“Since our founding, Flow Security has focused on removing the
complexity of securing the massive amounts of critical data
businesses manage daily. We saw that the market lacked a solution
that provided comprehensive protection of the flow of data as it
traversed SaaS applications, on-prem, cloud infrastructure,
third-party APIs, etc., and that this lack of visibility and
control presented a critical risk to the enterprise,” said Jonathan
Roizin, CEO of Flow Security. “We look forward to working with the
cloud security leader, CrowdStrike, to bring to market the most
extensive cloud data protection solution.”
With the acquisition of Flow Security, the CrowdStrike Falcon
platform is poised to become the industry’s most comprehensive data
security platform. Following the closing of the acquisition,
CrowdStrike plans to fully deliver native Flow Security DSPM
capabilities in Falcon Cloud Security as part of the Falcon XDR
platform, enabling customers to consolidate cloud point solutions
and protect the entire cloud estate. Through this, CrowdStrike will
provide visibility into critical cloud data flows, insight into how
data interacts with applications, and the ability to detect when
sensitive data is at risk or unintentionally leaving an
environment.
Transaction Details
The purchase price will be paid predominantly in cash, with a
portion delivered in the form of equity subject to vesting
conditions. The proposed acquisition is expected to close during
CrowdStrike’s fiscal first quarter, subject to customary closing
conditions.
Forward-Looking Statements
This press release contains forward-looking statements that
involve risks and uncertainties, including statements regarding the
benefits of the acquisition to CrowdStrike and its customers,
CrowdStrike’s plans to integrate Flow Security’s technology and
operations, and the closing of the acquisition. You should not
place undue reliance on these forward-looking statements, as actual
outcomes and results may differ materially from those contemplated
as a result of risks and uncertainties. There are a number of
factors that could cause actual results to differ materially from
statements made in this press release, including the satisfaction
of conditions to closing the acquisition, CrowdStrike’s ability to
integrate Flow Security’s technology and operations, and other
risks described in the filings CrowdStrike makes with the
Securities and Exchange Commission from time to time, including
CrowdStrike’s most recently filed Annual Report on Form 10-K, most
recently filed Quarterly Report on Form 10-Q, and subsequent
filings. All forward-looking statements in this press release are
based on information available to CrowdStrike as of the date
hereof, and CrowdStrike does not assume any obligation to update
any of these forward-looking statements to reflect events that
occur or circumstances that exist after the date on which they were
made.
About CrowdStrike
CrowdStrike (Nasdaq: CRWD), a global cybersecurity leader, has
redefined modern security with the world's most advanced
cloud-native platform for protecting critical areas of enterprise
risk – endpoints and cloud workloads, identity and data.
Powered by the CrowdStrike Security Cloud and world-class AI,
the CrowdStrike Falcon® platform leverages real-time indicators of
attack, threat intelligence, evolving adversary tradecraft and
enriched telemetry from across the enterprise to deliver
hyper-accurate detections, automated protection and remediation,
elite threat hunting and prioritized observability of
vulnerabilities.
Purpose-built in the cloud with a single lightweight-agent
architecture, the Falcon platform delivers rapid and scalable
deployment, superior protection and performance, reduced complexity
and immediate time-to-value.
CrowdStrike: We stop breaches.
Learn more: https://www.crowdstrike.com/ Follow us: Blog |
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© 2024 CrowdStrike, Inc. All rights reserved. CrowdStrike, the
falcon logo, CrowdStrike Falcon and CrowdStrike Threat Graph are
marks owned by CrowdStrike, Inc. and registered with the United
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version on businesswire.com: https://www.businesswire.com/news/home/20240305310847/en/
Kirsten Speas CrowdStrike Corporate Communications
press@crowdstrike.com
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