CrowdStrike seeks deal to acquire Action1, patch management specialist

TLDR:

• CrowdStrike is in talks to acquire patch management specialist Action1 for nearly $1 billion.
• The potential acquisition comes after CrowdStrike caused a global IT outage due to a faulty software update in its Falcon security platform.

CrowdStrike Pursuing Deal to Buy Patch Management Specialist Action1

CrowdStrike is considering acquiring Action1, a Houston-based patch management and vulnerability specialist, for a valuation close to $1 billion. The discussions come following a global IT outage caused by a faulty software update in CrowdStrike’s Falcon security platform. The incident affected around 8.5 million Windows devices, leading to significant disruptions in various sectors.

Action1’s Co-Founder and CEO confirmed the discussions and highlighted the company’s rapid growth in the market, with plans to reach $100M AAR soon. The potential acquisition aims to enhance CrowdStrike’s ability to manage vulnerabilities and improve software quality control.

CrowdStrike’s CEO, George Kurtz, has expressed regret over the IT outage and disclosed plans to overhaul internal development procedures to prevent future incidents. While the company declined to comment on specific claims, an acquisition of Action1 could bolster its software development practices and strengthen its security offerings.