CrowdStrike and SHI International Surpass $1 Billion in Sales

Rhea-AI Summary

CrowdStrike (NASDAQ: CRWD) has achieved a significant milestone as the first and fastest pure play SaaS cybersecurity vendor to exceed $1 billion in total sales with SHI International. Over 70% of this revenue was generated in the last 3 years, highlighting rapid growth. The partnership leverages CrowdStrike's AI-native Falcon® platform and SHI's extensive customer network to help organizations consolidate security solutions, reduce costs, and improve security outcomes.

SHI International has earned multiple 2024 awards from CrowdStrike, including Global Solution Provider of the Year, Americas Solution Provider of the Year, and Public Sector Partner of the Year, demonstrating the partnership's success in driving market presence and customer adoption across industries and regions.

Positive

• Achieved $1B in sales through SHI International partnership
• 70% of revenue generated in last 3 years showing accelerating growth
• Received multiple partnership awards in 2024 from SHI International
• Strong cross-selling success of Falcon platform modules

Negative

• None.

Insights

Financial Analyst

This $1 billion sales milestone with SHI International represents a significant achievement for CrowdStrike, highlighting strong channel partner execution and market penetration. With 70% of revenue generated in the last 3 years, the accelerating growth trajectory demonstrates robust market demand for CrowdStrike's AI-native cybersecurity solutions. The partnership's success in cross-selling Falcon platform modules indicates healthy platform expansion and recurring revenue potential. This validates CrowdStrike's partner-first strategy and suggests continued market share gains in the enterprise cybersecurity space, particularly as organizations seek to consolidate vendors and reduce complexity. The momentum with a major IT solutions provider like SHI strengthens CrowdStrike's competitive position and distribution capabilities.

Tech Industry Analyst

The rapid achievement of this milestone underscores the market's shift towards AI-native cybersecurity platforms and vendor consolidation. CrowdStrike's success with SHI validates its technological leadership in cloud-native, AI-powered security solutions. The strong cross-selling of Falcon modules indicates product stickiness and platform adoption, important factors in the cybersecurity industry. The partnership's focus on SIEM, cloud security and identity protection aligns with enterprise priorities for comprehensive security coverage. This demonstrates CrowdStrike's ability to meet evolving security needs while helping organizations reduce operational complexity - a key differentiator in the competitive cybersecurity landscape.

CrowdStrike is SHI’s first and fastest pure play SaaS cybersecurity vendor to surpass $1 billion in sales, validating market demand for single-platform AI-powered cybersecurity and platform consolidation

AUSTIN, Texas--(BUSINESS WIRE)-- CrowdStrike (NASDAQ: CRWD) today announced it is the first and fastest pure play SaaS cybersecurity vendor to exceed $1 billion in total sales with SHI International, a leading global provider of innovative technology solutions. The milestone demonstrates the strength and expertise of CrowdStrike’s partner-first go-to-market strategy, delivering efficient growth at scale with IT’s leading ecosystem partners.

Together, CrowdStrike and SHI are transforming cybersecurity for organizations of all sizes all over the world with the AI-native CrowdStrike Falcon® cybersecurity platform. The synergy of CrowdStrike’s industry-leading technology with SHI’s extensive customer reach enables thousands of businesses to consolidate point products, reduce operational costs and complexity, and achieve better security outcomes by adopting the Falcon platform. With over 70 percent of all-time revenue coming in the last 3 years, the achievement was fueled by SHI’s focus on meeting market demand for CrowdStrike. SHI’s success winning new accounts and then cross-selling Falcon platform modules maximizes ROI while delivering vendor consolidation.

“Our partnership with CrowdStrike goes hand in hand with our goal to empower customers to confidently tackle security challenges and stop breaches,” said Thai Lee, CEO and President, SHI. “This significant milestone reflects surging market demand to consolidate on cybersecurity’s AI-native platform of choice and the strength of SHI’s ability to deliver cybersecurity transformations at global scale.”

“SHI’s expertise in delivering CrowdStrike’s Falcon platform has been pivotal in helping customers to transform their security posture with next-gen SIEM, cloud security, identity protection, and managed services,” said George Kurtz, CEO and founder, CrowdStrike. “Surpassing the $1 billion milestone together is a testament to the strength of our partnership and SHI’s ability to deliver cybersecurity transformation and consolidation for organizations of all sizes around the globe."

In 2024, SHI International earned multiple awards from CrowdStrike, including Global Solution Provider of the Year, Americas Solution Provider of the Year and Public Sector Partner of the Year. These accolades highlight the strength and success of SHI in driving CrowdStrike's market presence, new customer growth, and existing customer adoption across multiple industries and regions.

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 and CrowdStrike Falcon are marks owned by CrowdStrike, Inc. and are registered in the United States and other countries. CrowdStrike owns other trademarks and service marks and may use the brands of third parties to identify their products and services.

About SHI International Corp.

SHI International Corp. is a global leader in technology solutions, serving a diverse set of customers with software, hardware, and services that tackle their IT challenges. Based in Somerset, New Jersey, SHI provides tailored IT solutions to corporate, enterprise, public sector, and education clients. With a workforce exceeding 6,000 employees worldwide, SHI is dedicated to fostering long-term success for its customers.

Press Resources
SHI Corporate Website: https://www.SHI.com
SHI Blog: https://blog.shi.com/

View source version on businesswire.com: https://www.businesswire.com/news/home/20241218948439/en/

Jake Schuster

CrowdStrike Corporate Communications

press@crowdstrike.com

Source: CrowdStrike

FAQ

How much revenue has CrowdStrike (CRWD) generated through SHI International?

CrowdStrike has exceeded $1 billion in total sales through its partnership with SHI International, with over 70% of this revenue generated in the last three years.

What awards did CrowdStrike (CRWD) receive from SHI International in 2024?

In 2024, CrowdStrike received multiple awards including Global Solution Provider of the Year, Americas Solution Provider of the Year, and Public Sector Partner of the Year from SHI International.

What percentage of CrowdStrike's (CRWD) SHI partnership revenue came in the last 3 years?

Over 70% of CrowdStrike's total revenue through the SHI International partnership was generated in the last three years.

What is the main product offering in the CrowdStrike-SHI partnership?

The main product offering is the AI-native CrowdStrike Falcon® cybersecurity platform, which helps organizations consolidate security solutions and reduce operational costs.