CrowdStrike acquires Flow Security to lead in cloud security

TLDR:

• CrowdStrike is acquiring Flow Security to enhance its cloud security leadership.
• The acquisition will bring Data Security Posture Management (DSPM) capabilities to the CrowdStrike Falcon platform.

In a recent press release, CrowdStrike announced its agreement to acquire Flow Security, the industry’s first cloud data runtime security solution. This acquisition aims to redefine modern cloud security by protecting data at rest and in motion across endpoint and cloud environments. The increasing reliance on cloud services has led to a greater distribution of data, making it imperative for organizations to secure their critical information.

With the acquisition of Flow Security, CrowdStrike plans to bring data security posture management (DSPM) capabilities to its Falcon XDR platform. This move sets a new standard for cloud security by providing innovative solutions to discover, classify, and protect data in all states, thus reducing the risk of exposure.

CrowdStrike’s CEO, George Kurtz, highlighted the importance of this acquisition in expanding their cloud leadership and redefining the future of data protection. By securing data across various platforms, applications, and devices, CrowdStrike aims to consolidate cloud security solutions and offer comprehensive protection to customers.

Through the acquisition, CrowdStrike will enhance its Falcon platform to deliver the most extensive data security solutions in the industry. The company plans to integrate Flow Security’s DSPM capabilities into Falcon Cloud Security, providing customers with visibility into critical data flows and the ability to detect sensitive data risks.

The acquisition details include a purchase price to be paid in cash and equity, subject to vesting conditions. It is expected to close during CrowdStrike’s fiscal first quarter, pending customary closing conditions.

Overall, the acquisition of Flow Security by CrowdStrike signifies a significant step towards strengthening cloud security leadership and offering advanced data protection solutions to organizations.