CrowdStrike To Acquire Flow Security To Expand Its Cloud Security Leadership With Data Security Posture Management; No Financial Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
CrowdStrike announces the acquisition of Flow Security, aiming to expand its cloud security leadership by integrating Data Security Posture Management (DSPM) into its Falcon XDR platform. This acquisition will enable CrowdStrike to offer comprehensive real-time data protection for data in all states, both at rest and in motion, across cloud, on-premise, and application environments. The deal, predominantly cash with some equity, is expected to close in CrowdStrike's fiscal first quarter, subject to customary closing conditions.
March 05, 2024 | 9:03 pm
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CrowdStrike's acquisition of Flow Security positions it to redefine cloud security by offering comprehensive data protection. This strategic move is expected to enhance its Falcon XDR platform, potentially increasing its market share and customer base in the cloud security sector.
The acquisition of Flow Security by CrowdStrike is directly aimed at enhancing its cloud security offerings, which is a critical area of growth in the cybersecurity industry. By integrating DSPM into its Falcon XDR platform, CrowdStrike is likely to attract new customers looking for comprehensive data protection solutions, thereby potentially increasing its revenue and market share in the short term. The strategic nature of this acquisition and its focus on a growing market segment suggest a positive impact on CrowdStrike's stock price in the short term.
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