Monday, July 22, 2024
HomeRecent ArticlesCrowdStrike to Acquire Flow Security to Expand Cloud Security Leadership

CrowdStrike to Acquire Flow Security to Expand Cloud Security Leadership

CrowdStrike announced it has agreed to acquire Israel-based 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.

Read also – Saudi Arabia-based BRKZ Raises $8 Mn Series A Funding

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, us-based startup 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, startup 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. 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.

Read also – Zetta Technologies Raises $1.5 Mn Pre-Seed Funding

“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.”

About CrowdStrike

CrowdStrike, 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.

- Advertisement -
- Advertisment -

Most Popular