CrowdStrike announced it is acquiring Flow Security, the industry’s first and only cloud data runtime security solution. And through this acquisition, CrowdStrike will enhance its modern cloud security with comprehensive real-time data protection spanning endpoint and cloud environments.
The most essential information of an organization remains the primary target of adversaries. And as businesses use more data, the reliance on cloud has led to the distribution of data across cloud-based services, third-party APIs, and GenAI applications. And adversaries are becoming adept at exploiting the gaps created by stitched together platforms and cloud point-products to target and steal sensitive data.
Preventing breaches requires a unified security platform that natively protects data at rest and in motion as it runs through the cloud, on-prem and within applications. Through the acquisition of Flow Security and bringing data security posture management (DSPM) to the CrowdStrike Falcon XDR platform, the company is setting a new standard for modern cloud security with data security that discover, classify, and protect data in all states from the risk of exposure.
Through the acquisition of Flow Security, the CrowdStrike Falcon platform can become the industry’s most comprehensive data security platform. Following the closing of the deal, 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. With this platform, 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.
The purchase price will be paid predominantly in cash, with a portion delivered as equity subject to vesting conditions. Subject to customary closing conditions, the proposed acquisition is expected to close during CrowdStrike’s fiscal first quarter.
KEY QUOTES:
“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. 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.”
- George Kurtz, co-founder and CEO of CrowdStrike
“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. We look forward to working with the cloud security leader, CrowdStrike, to bring to market the most extensive cloud data protection solution.”
- Jonathan Roizin, CEO of Flow Security
