Cybersecurity technology company CrowdStrike has made headlines with its recent acquisition of Israeli startup Flow Security for a whopping $200 million. Flow Security specializes in cloud data runtime security solutions, making it a valuable asset in the cybersecurity industry.
The acquisition deal, set to be finalized by May of this year pending customary conditions and legal requirements, will see CrowdStrike integrate Flow Security’s data security posture management technology into its offerings. This move is expected to boost CrowdStrike’s position in the cloud market, giving its Falcon platform customers enhanced visibility into data flows and interactions with cloud-based applications.
The news of the acquisition has had a positive impact on CrowdStrike’s stock, which saw a significant surge from $315 to $405 following the announcement. This surge was further fueled by the company’s strong fourth-quarter earnings report, solidifying its position as a market leader in cybersecurity technology.
In addition to the acquisition, CrowdStrike has also made strides in enhancing its cybersecurity offerings by achieving a 100% ransomware protection certification for its Falcon platform in the SE Labs Enterprise Advanced Security Ransomware test. This rigorous testing process involved the evaluation of approximately 270 recognized malware samples and 106 different ransomware samples in controlled environments, including well-known threats like BlackCat, Bad Rabbit, Avaddon, and LockBit.
The certification further validates CrowdStrike’s commitment to providing top-notch cybersecurity solutions to its customers, solidifying its reputation as a trusted partner in the fight against cyber threats. With the integration of Flow Security’s technology and the recent accolades in ransomware protection, CrowdStrike is well-positioned to continue its growth trajectory and expand its market presence globally.
Overall, the acquisition of Flow Security and the successful certification in ransomware protection mark significant milestones for CrowdStrike, showcasing the company’s continued commitment to innovation and excellence in the cybersecurity industry. As the threat landscape continues to evolve, CrowdStrike remains at the forefront of providing cutting-edge solutions to protect organizations from cyber attacks and data breaches.