In $96 million deal, Crowdstrike snaps up Preempt Security
The move is expected to help customers protect identity data without compromising productivity or the user experience
Cybertech
| 29/09/2020
https://www.preempt.com/
US-based cybersecurity company CrowdStrike announced Thursday it has agreed to acquire Preempt Security, a leading provider of Zero Trust and conditional access technology for real-time access control and threat prevention.
Under the terms of the agreement, the endpoint security vendor will pay approximately $96 million to acquire the Israeli-American company, subject to adjustments.
As organizations continue to operate in hybrid work environments and focus on digital transformation, the need to establish a modern Zero Trust security environment at scale has never been greater, Crowdstrike said.
The two companies are expected to provide a modern Zero Trust security architecture and threat protection to keep organizations’ users, endpoints, and data safe from modern attacks, without compromising productivity or the user experience.
“Hybrid work environments will become the norm for many organizations which means that Zero Trust security with an identity-centric approach and detecting threats in real-time are critical for business continuity," said George Kurtz, co-founder and CEO of CrowdStrike. "With the addition of Preempt Security’s capabilities, the CrowdStrike Falcon platform will provide enhanced protection against identity-based attacks and insider threats.”
“We are thrilled about joining CrowdStrike, the industry leader in stopping breaches that shaped modern endpoint security and pioneered the Security Cloud,” said Ajit Sancheti, Preempt’s co-founder and chief executive officer. “Combining Preempt’s identity security expertise with CrowdStrike’s incredible scale and threat telemetry, we will be able to offer customers complete protection for hybrid workloads and remote workforces wherever they are.”
Founded in 2014 by Sancheti and Roman Blachman to deliver a modern approach to authentication and securing identity, Preempt delivers the market’s first Zero Trust and Conditional Access solution for continuously detecting and preempting threats based on identity, behavior and risk. Preempt’s patented technology empowers enterprises to optimize identity hygiene and stop attackers and insider threats in real-time before they can impact business. The company has raised nearly $28 million in three rounds of outside funding.
In a blog post, Crowdstrike CEO Kurtz wrote that one of the unique features of the Preempt platform is its ability to meet the conditional access requirements of an organization without putting unnecessary burden on security staff, identifying threats with a high degree of accuracy while ensuring that legitimate activities are not disrupted.
The move is expected to help customers protect identity data without compromising productivity or the user experience
https://www.preempt.com/
US-based cybersecurity company CrowdStrike announced Thursday it has agreed to acquire Preempt Security, a leading provider of Zero Trust and conditional access technology for real-time access control and threat prevention.
Under the terms of the agreement, the endpoint security vendor will pay approximately $96 million to acquire the Israeli-American company, subject to adjustments.
As organizations continue to operate in hybrid work environments and focus on digital transformation, the need to establish a modern Zero Trust security environment at scale has never been greater, Crowdstrike said.
The two companies are expected to provide a modern Zero Trust security architecture and threat protection to keep organizations’ users, endpoints, and data safe from modern attacks, without compromising productivity or the user experience.
“Hybrid work environments will become the norm for many organizations which means that Zero Trust security with an identity-centric approach and detecting threats in real-time are critical for business continuity," said George Kurtz, co-founder and CEO of CrowdStrike. "With the addition of Preempt Security’s capabilities, the CrowdStrike Falcon platform will provide enhanced protection against identity-based attacks and insider threats.”
“We are thrilled about joining CrowdStrike, the industry leader in stopping breaches that shaped modern endpoint security and pioneered the Security Cloud,” said Ajit Sancheti, Preempt’s co-founder and chief executive officer. “Combining Preempt’s identity security expertise with CrowdStrike’s incredible scale and threat telemetry, we will be able to offer customers complete protection for hybrid workloads and remote workforces wherever they are.”
Founded in 2014 by Sancheti and Roman Blachman to deliver a modern approach to authentication and securing identity, Preempt delivers the market’s first Zero Trust and Conditional Access solution for continuously detecting and preempting threats based on identity, behavior and risk. Preempt’s patented technology empowers enterprises to optimize identity hygiene and stop attackers and insider threats in real-time before they can impact business. The company has raised nearly $28 million in three rounds of outside funding.
In a blog post, Crowdstrike CEO Kurtz wrote that one of the unique features of the Preempt platform is its ability to meet the conditional access requirements of an organization without putting unnecessary burden on security staff, identifying threats with a high degree of accuracy while ensuring that legitimate activities are not disrupted.
