STOCK TITAN

CrowdStrike and eSentire Expand Partnership to Take Over Protection of Global Carbon Black Customer Accounts

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
partnership
Rhea-AI Summary

CrowdStrike and eSentire have announced an expanded partnership to enhance global threat protection. eSentire will integrate CrowdStrike's AI-native Falcon cybersecurity platform into its managed security operations, taking over protection of Carbon Black customer accounts. This partnership aims to address the increasing velocity of cyberattacks and the growing cybersecurity skills gap by consolidating vendor solutions and enhancing threat intelligence, protection, and value. eSentire's 24/7 Managed Detection and Response (MDR) will leverage CrowdStrike's capabilities across Endpoint Detection and Response, Identity Threat Detection, Intelligence, Threat Hunting, Cloud Security, and Next-Gen SIEM. The collaboration seeks to provide customers with advanced managed protection to stop breaches.

Positive
  • CrowdStrike and eSentire's partnership aims to expand global protection by taking over Carbon Black customer accounts.
  • The partnership leverages AI-native Falcon platform capabilities with eSentire's 24/7 Managed Detection and Response (MDR).
  • Enhanced threat intelligence, protection, and value are offered through this collaboration.
  • eSentire's expertise and strategy have led to recognition as CrowdStrike’s Global Managed Security Services Provider (MSSP) of the Year twice.
  • The expanded partnership aims to address the growing cybersecurity skills gap and increasing cyberattack velocity.
Negative
  • There is a potential risk of technology migration challenges from Carbon Black to Falcon platform for customers.
  • Addressing the cybersecurity skills gap and ensuring seamless integration can be complex and resource-intensive.
  • Vendor consolidation may face resistance from users loyal to their existing point products.

Insights

The expanded partnership between CrowdStrike and eSentire brings together two powerful cybersecurity technologies. CrowdStrike's Falcon platform is renowned for its AI-native capabilities in handling complex cybersecurity threats. These capabilities include Endpoint Detection and Response (EDR), Identity Threat Detection and cloud security. eSentire adds value with its 24/7 Managed Detection and Response (MDR) services, which means constant vigilance and expert intervention as soon as threats are detected.

For investors, this partnership represents a strategic alignment that aims to simplify and enhance cybersecurity solutions. The move from Carbon Black to CrowdStrike’s Falcon platform under eSentire’s management indicates a significant shift towards more integrated and AI-driven cybersecurity solutions. This can lead to improved security outcomes for clients, thereby making both companies more attractive to new customers.

In a market where cyber attacks are becoming increasingly sophisticated, the combination of AI-native technology with round-the-clock human monitoring could set a new industry standard. This enhanced security posture can be a strong selling point and drive revenue growth for both companies in the long term.

From a financial perspective, the partnership between CrowdStrike and eSentire could lead to significant growth opportunities. The consolidation of cybersecurity vendors means customers might prefer a single, robust solution over multiple point products. This could translate into increased revenues for both firms as they offer a more comprehensive security solution.

Additionally, CrowdStrike's Falcon platform has already proven its market worth, as evidenced by eSentire's hyper growth and the repeated recognition as CrowdStrike’s Global Managed Security Services Provider (MSSP) of the Year. This suggests a strong, profitable synergy between the two companies.

For retail investors, it’s essential to watch for any upcoming financial reports from both firms to assess the partnership's impact on their revenue streams. If successful, this partnership could lead to improved financial performance, possibly even creating a more dominant position in the cybersecurity market.

The cybersecurity market is evolving rapidly, with increasing cyber attacks and a growing skills gap. This partnership directly addresses these industry challenges. By integrating AI-native cybersecurity solutions with 24/7 managed services, CrowdStrike and eSentire offer a compelling value proposition to customers who need reliable and advanced protection.

One of the key takeaways for investors is the strategy of vendor consolidation. Customers are increasingly looking to simplify their cybersecurity infrastructure and this partnership provides a path to do so. This trend towards consolidation is likely to continue, offering opportunities for both companies to capitalize on the market's need for streamlined, effective security solutions.

Moreover, the focus on migrating customers from legacy products like Carbon Black to the Falcon platform suggests a targeted approach to capture market share from existing, less-integrated solutions. This could not only bring in new business but also strengthen customer loyalty, both of which are positive indicators for long-term growth.

Strategic partnership will accelerate vendor consolidation, replacing point products with winning combination of AI-native cybersecurity and 24/7 Managed Detection and Response protection

AUSTIN, Texas & WATERLOO, Ontario--(BUSINESS WIRE)-- CrowdStrike (Nasdaq: CRWD) and eSentire, a leading Managed Detection and Response (MDR) provider, today announced an expanded partnership to integrate threat intelligence and power eSentire’s 24/7 managed security operations with the breadth of the AI-native CrowdStrike Falcon® cybersecurity platform. In the expanded partnership, eSentire is doubling down on CrowdStrike to fulfill customer consolidation needs and take over protection of global Carbon Black accounts, while CrowdStrike is deepening its commitment to unleashing the power of AI-native cybersecurity with eSentire’s award-winning MDR.

The velocity of cyber attacks continues to increase, with breakout times now measured in minutes. At the same time, security leaders face a growing cybersecurity skills gap and uncertainty in how to de-risk their technology investments with point products unable to satisfy customer needs. The expanded partnership between CrowdStrike and eSentire provides customers with better intelligence, protection and value. The powerful combination of best-in-class Falcon platform capabilities across Endpoint Detection and Response, Identity Threat Detection and Response, Intelligence and Threat Hunting, Cloud Security and Next-Gen SIEM, and eSentire’s cutting-edge MDR solution with expert security practitioners delivering investigation and threat response provides customers with the managed protection they need to stop breaches.

“Our success in protecting customers who leverage the CrowdStrike platform is a testament to how eSentire continues to put customers first,” said Kerry Bailey, chief executive officer, eSentire. “Our Atlas platform ensures the security outcomes we deliver are truly agnostic, making us adaptable and versatile to support technology migration and choice. We see CrowdStrike’s AI-native cybersecurity platform and our 24/7 MDR as the winning combination that our customers need. In our expanded partnership, I’m excited to bring the Falcon platform to more eSentire customers and scale new business opportunities globally, as we stop breaches – together.”

“Together, eSentire and CrowdStrike are taking a bold step to revolutionize cybersecurity for businesses of all sizes,” said Daniel Bernard, chief business officer, CrowdStrike. “Over the past few years, eSentire has built a hyper growth business with CrowdStrike and has been twice recognized as CrowdStrike’s Global Managed Security Services Provider (MSSP) of the Year. We’re excited about eSentire’s expertise and strategy, migrating customers from legacy point products such as Carbon Black to the Falcon platform. Decisive and market-moving actions from leading partners like eSentire is validation that the Falcon platform is cybersecurity’s AI consolidation platform of choice.”

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/
Follow us: Blog | Twitter | LinkedIn | Facebook | Instagram
Start a free trial today: https://www.crowdstrike.com/free-trial-guide/

©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.

About eSentire

eSentire, Inc., the Authority in Managed Detection and Response (MDR), protects the critical data and applications of 2000+ organizations in 80+ countries across 35 industries from known and unknown cyber threats by providing Exposure Management, Managed Detection and Response and Incident Response services designed to build an organization's cyber resilience & prevent business disruption. Founded in 2001, eSentire protects the world's most targeted organizations, with 65% of its global base recognized as critical infrastructure, vital to economic health and stability. By combining AI-powered, open XDR platform technology, 24/7 threat hunting, and proven security operations leadership, eSentire's award-winning MDR services and team of experts help organizations anticipate, withstand and recover from cyberattacks. For more information, visit: www.esentire.com and follow @eSentire.

Jake Schuster

CrowdStrike Corporate Communications

press@crowdstrike.com

Elizabeth Clarke

eSentire

Elizabeth.Clarke@esentire.com

Source: CrowdStrike

FAQ

What is the significance of CrowdStrike and eSentire's expanded partnership?

The expanded partnership aims to enhance global threat protection by integrating CrowdStrike's AI-native Falcon platform with eSentire's 24/7 Managed Detection and Response (MDR).

How will CrowdStrike and eSentire's partnership impact Carbon Black customers?

eSentire will take over protection of global Carbon Black customer accounts, migrating them to CrowdStrike's Falcon platform for improved security.

What are the benefits of CrowdStrike's AI-native Falcon platform?

CrowdStrike's Falcon platform offers capabilities across Endpoint Detection and Response, Identity Threat Detection, Intelligence, Threat Hunting, Cloud Security, and Next-Gen SIEM.

How does eSentire's MDR solution complement CrowdStrike's Falcon platform?

eSentire's 24/7 MDR integrates with CrowdStrike's Falcon platform to provide advanced threat intelligence, investigation, and response, enhancing overall protection.

What challenges does the expanded partnership between CrowdStrike and eSentire aim to address?

The partnership seeks to address the increasing velocity of cyberattacks and the growing cybersecurity skills gap by consolidating vendor solutions and enhancing protection.

CrowdStrike Holdings, Inc.

NASDAQ:CRWD

CRWD Rankings

CRWD Latest News

CRWD Stock Data

89.70B
242.34M
1.04%
75.68%
3.4%
Software - Infrastructure
Services-prepackaged Software
Link
United States of America
AUSTIN