AUSTIN, Texas - CrowdStrike Holdings, Inc. (NASDAQ:CRWD), a leader in cloud-delivered endpoint and cloud workload protection, today announced its agreement to acquire Flow Security, a company specializing in cloud data runtime security. This acquisition is set to enhance CrowdStrike's capabilities in protecting data across various states—both at rest and in motion—across cloud, on-premise, and application environments.
The cybersecurity landscape has evolved with the increased use of cloud services, leading to a distributed data ecosystem that adversaries are exploiting. The integration of Flow Security's technology aims to address these challenges by offering real-time data protection and data security posture management (DSPM) within CrowdStrike's Falcon XDR platform.
George Kurtz, co-founder and CEO of CrowdStrike, stated that the acquisition will expand their cloud leadership and redefine the future of data protection. Jonathan Roizin, CEO of Flow Security, echoed this sentiment, emphasizing the need for a comprehensive solution to secure the flow of data across diverse environments.
The financial terms of the deal include a majority cash transaction with an equity component, and the acquisition is expected to close during CrowdStrike's fiscal first quarter, subject to customary closing conditions.
This move aims to position CrowdStrike's Falcon platform as the industry's most extensive data security platform, providing customers with visibility into cloud data flows and the interaction of data with applications. It promises to enable the detection of sensitive data at risk or unintentionally leaving an environment.
This announcement is based on a press release statement.
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