CrowdStrike and 1Password Expand Partnership to Protect 150,000 Customers and Empower SMBs

Rhea-AI Summary

CrowdStrike (NASDAQ: CRWD) has expanded its partnership with 1Password to enhance security for 150,000 customers, focusing on small and midsize businesses (SMBs). The collaboration offers an easy-to-use bundle that combines CrowdStrike Falcon® Go with 1Password Extended Access Management (XAM), providing enterprise-grade protection against ransomware and data breaches.

This partnership aims to address the challenges faced by SMBs in the complex cybersecurity landscape, including IT resources and budget constraints. The bundle integrates next-gen antivirus from Falcon Go with 1Password XAM, reducing costs and complexity in securing identities, applications, and devices for SMBs.

Positive

• Expanded partnership with 1Password to protect 150,000 customers
• Focus on addressing cybersecurity needs of SMBs
• Integration of CrowdStrike Falcon Go with 1Password Extended Access Management
• Simplified security solution for SMBs with resources
• Potential for increased market share in the SMB segment

Negative

• None.

Tech Expert

This partnership between CrowdStrike and 1Password is a significant move in the cybersecurity landscape, especially for SMBs. By combining CrowdStrike's AI-driven Falcon Go platform with 1Password's Extended Access Management, they're addressing a critical gap in the market. SMBs often lack the resources for robust cybersecurity, making them vulnerable to attacks. This bundle offers enterprise-grade protection in an accessible format, potentially reducing the barrier to entry for advanced cybersecurity tools.

The integration of next-gen antivirus with password management tackles two major vulnerabilities: device security and access control. This holistic approach could significantly reduce the attack surface for SMBs, making it harder for cybercriminals to exploit weak points. The emphasis on ease-of-use is crucial, as it addresses the common issue of complex security solutions being underutilized due to lack of expertise.

Market Research Analyst

This partnership has the potential to substantially expand CrowdStrike's market reach. With access to 1Password's 150,000 customers, predominantly SMBs, CrowdStrike can tap into a vast, underserved market. The SMB sector has been historically challenging for cybersecurity firms to penetrate due to cost and complexity barriers. By offering a simplified, bundled solution, CrowdStrike could see significant user acquisition and revenue growth.

For 1Password, this move enhances their value proposition, potentially increasing customer retention and attracting new users. The partnership could also position both companies as leaders in the SMB cybersecurity space, a rapidly growing market as awareness of cyber threats increases. Investors should watch for potential increases in CrowdStrike's customer base and average revenue per user in upcoming quarters as indicators of this partnership's success.

Financial Analyst

This strategic partnership could have a positive impact on CrowdStrike's financials. By targeting the vast SMB market, CrowdStrike is diversifying its revenue streams and potentially increasing its total addressable market. The bundled solution model could lead to higher customer lifetime value and more predictable recurring revenue. However, investors should monitor how this impacts CrowdStrike's margins, as serving SMBs might require different cost structures compared to enterprise clients.

For 1Password, while not publicly traded, this move could enhance its valuation in future funding rounds. The partnership demonstrates 1Password's ability to integrate with major cybersecurity players, potentially making it a more attractive acquisition target. Investors in the cybersecurity sector should watch for shifts in market share and any disruption to incumbent players in the SMB space as this partnership gains traction.

Strategic partnership delivers AI-native protection purpose-built for SMBs to stop breaches

AUSTIN, Texas--(BUSINESS WIRE)-- CrowdStrike (NASDAQ: CRWD) today announced an expanded partnership with 1Password to simplify security for 150,000 customers, with a focus on small and midsize businesses (SMBs). Through an easy-to-use bundle, customers of 1Password Extended Access Management (XAM) can now access the enterprise-grade protection they need to stop ransomware and data breaches with CrowdStrike Falcon® Go.

SMBs face a dynamic and increasingly complex cybersecurity landscape while dealing with limited IT resources, budget constraints and antiquated defense technologies. Powered by the AI-native CrowdStrike Falcon® cybersecurity platform and purpose-built for SMBs, Falcon Go allows users of all skill levels to quickly and easily deploy industry-leading protection to stop the modern cyberattacks that legacy antivirus solutions often miss. By integrating next-gen antivirus from Falcon Go with 1Password Extended Access Management, this bundled solution reduces the costs and complexity of securing every identity, application and device in SMB environments.

“Transformative partnerships that unlock novel customer value challenge the status quo. That’s exactly what CrowdStrike and 1Password are doing together across device security and passwords for 150,000 SMBs,” said Daniel Bernard, chief business officer at CrowdStrike. “The synergy between CrowdStrike and 1Password is rooted in our shared commitment to protecting businesses of all sizes from evolving cyber threats.”

"We are thrilled to deepen our partnership with CrowdStrike, as our Extended Access Management solution combined with CrowdStrike Falcon Go addresses essential security needs all businesses face today,” said Jeff Shiner, CEO at 1Password. “This partnership not only strengthens our ability to protect against emerging threats, including BYOD and shadow IT, but also provides our customers with a comprehensive and user-friendly security solution."

To learn more about CrowdStrike Falcon Go and how CrowdStrike works with SMBs, visit: CrowdStrike Solutions for Small Business.

About CrowdStrike
CrowdStrike (NASDAQ: CRWD), a global cybersecurity leader, has redefined modern security with the world’s most advanced cloud-native platform for protecting critical areas of enterprise risk – endpoints and cloud workloads, identity and data.

Powered by the CrowdStrike Security Cloud and world-class AI, the CrowdStrike Falcon® platform leverages real-time indicators of attack, threat intelligence, evolving adversary tradecraft and enriched telemetry from across the enterprise to deliver hyper-accurate detections, automated protection and remediation, elite threat hunting and prioritized observability of vulnerabilities.

Purpose-built in the cloud with a single lightweight-agent architecture, the Falcon platform delivers rapid and scalable deployment, superior protection and performance, reduced complexity and immediate time-to-value.

CrowdStrike: We stop breaches.

Learn more: https://www.crowdstrike.com/
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© 2024 CrowdStrike, Inc. All rights reserved. CrowdStrike, the falcon logo, CrowdStrike Falcon and CrowdStrike Threat Graph are marks owned by CrowdStrike, Inc. and registered with the United States Patent and Trademark Office, and in other countries. CrowdStrike owns other trademarks and service marks, and may use the brands of third parties to identify their products and services.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240912924613/en/

Media Contact

Jake Schuster

CrowdStrike Corporate Communications

press@crowdstrike.com

Source: CrowdStrike

FAQ

What is the new partnership between CrowdStrike and 1Password?

CrowdStrike (CRWD) has expanded its partnership with 1Password to offer a bundled security solution that combines CrowdStrike Falcon Go with 1Password Extended Access Management (XAM), aimed at protecting 150,000 customers, particularly small and midsize businesses (SMBs).

How does the CrowdStrike and 1Password bundle benefit SMBs?

The bundle provides enterprise-grade protection against ransomware and data breaches, addressing the challenges faced by SMBs with IT resources and budget constraints. It simplifies security by integrating next-gen antivirus with password management, reducing costs and complexity for SMBs.

What is CrowdStrike Falcon Go?

CrowdStrike Falcon Go is an AI-native cybersecurity solution purpose-built for SMBs. It allows users of all skill levels to quickly deploy industry-leading protection to stop modern cyberattacks that legacy antivirus solutions often miss.

How many customers are expected to benefit from the CrowdStrike and 1Password partnership?

The expanded partnership between CrowdStrike (CRWD) and 1Password aims to simplify security for 150,000 customers, with a particular focus on small and midsize businesses (SMBs).