CrowdStrike Exceeds $1 Billion in Sales with CDW, Achieves Diamond Level Partnership

Rhea-AI Summary

CrowdStrike (Nasdaq: CRWD) has announced surpassing $1 billion in sales through its partnership with CDW (Nasdaq: CDW). This achievement comes alongside CrowdStrike attaining CDW's Diamond Level Partner Status, highlighting the robust collaboration between the two companies. CDW is a prominent provider of IT solutions to business, government, education, and healthcare sectors across the US, UK, and Canada. The partnership leverages CrowdStrike's AI-native Falcon platform to deliver advanced cybersecurity solutions, allowing organizations to consolidate legacy products, improve ROI, and prevent breaches. This milestone underscores the combined efforts of both companies in modernizing security operations and delivering significant cybersecurity outcomes for their customers.

Positive

• CrowdStrike surpasses $1 billion in sales through CDW partnership.
• Achieved CDW's Diamond Level Partner Status.

Negative

• None.

Insights

Financial Analyst

CrowdStrike's achievement of surpassing $1 billion in sales with CDW is a notable milestone. This indicates a strong and fruitful partnership, which has significantly contributed to CrowdStrike's revenue stream. The Diamond Level Partner Status is a testament to the high value CDW places on this collaboration. Such a status is often reserved for the most impactful partnerships, providing CrowdStrike with increased visibility and credibility within the industry.

From a financial perspective, this partnership likely provides a stable and recurring revenue flow, benefiting CrowdStrike's financial health. Given that CDW is a key player in the IT solutions market, this collaboration could help CrowdStrike tap into new market segments and expand its customer base. However, it's important to note the competitive landscape in cybersecurity. While this partnership is beneficial, CrowdStrike must continue to innovate to maintain its edge.

Overall, retail investors should see this as a positive development, as it enhances CrowdStrike's market positioning and financial stability in the short and long term. The company's ability to sustain such partnerships will be important for its continued growth and profitability.

Tech Expert

The partnership between CrowdStrike and CDW has clearly yielded significant benefits in the realm of AI-native cybersecurity. The Falcon® platform's ability to consolidate disjointed security products into a cohesive solution is a major advantage in today's fragmented cybersecurity landscape. This reduces complexity for businesses, allowing them to manage their security needs more efficiently and effectively.

Additionally, the use of AI in the Falcon® platform is critical. AI enhances the platform's ability to detect and respond to threats in real-time, providing a proactive approach to cybersecurity. This is increasingly important as cyber threats become more sophisticated and frequent.

For investors, the focus on AI-driven solutions is a strong selling point. AI in cybersecurity is not just a trend but a necessity and CrowdStrike's leadership in this space positions it well for future growth. However, continuous innovation is necessary to stay ahead of competitors and evolving threats.

Market Research Analyst

The strategic partnership with CDW enhances CrowdStrike's market reach significantly. CDW's presence in the United States, the United Kingdom and Canada provides CrowdStrike access to a wide range of potential customers across various sectors, including business, government, education and healthcare. This diverse customer base is advantageous because it reduces dependency on any single market segment, thereby spreading risk.

Achieving the Diamond Level Partner Status with CDW means CrowdStrike is now among the top-tier partners, which often comes with preferential treatment and potentially more significant joint marketing efforts. This status can lead to increased sales opportunities and deeper market penetration.

For retail investors, this partnership signals robust market positioning and growth prospects. It is a validation of CrowdStrike's technology and market strategy, allowing investors to feel more confident in the company's future performance.

Partnership milestones mark widespread success in transforming and consolidating AI-native cybersecurity

AUSTIN, Texas--(BUSINESS WIRE)-- CrowdStrike (Nasdaq: CRWD) today announced it has surpassed $1 billion in total sales over the lifetime of its partnership with CDW Corporation (Nasdaq: CDW), a leading multi-brand provider of information technology solutions to business, government, education and healthcare customers in the United States, the United Kingdom and Canada. CrowdStrike has also achieved CDW’s Diamond Level Partner Status, joining just a handful of select technology giants who are key to CDW’s $20 billion business.

Together, CrowdStrike and CDW drive cybersecurity transformation for thousands of organizations around the world with the power of the AI-native CrowdStrike Falcon® platform. The combination of CrowdStrike’s industry-leading technology and CDW’s widespread reach enables businesses across the world, industry verticals and market segments to consolidate disjointed point products, maximize ROI and stop breaches.

“These milestones are a testament to the continued strength of our partnership with CrowdStrike and ongoing commitment to delivering positive cybersecurity outcomes for our mutual customers in today’s dynamic, rapidly-advancing technology environment,” said Stephanie Hagopian, VP security solutions for CDW.

“The milestones of both $1 billion in sales and Diamond Level Partner Status signify the incredible impact CrowdStrike and CDW have in bringing industry-leading security to thousands of customers. Together, we’ve found the recipe for success, modernizing security operations with AI, consolidating legacy products and increasing ROI with the Falcon platform,” said Daniel Bernard, chief business officer at CrowdStrike. “From our early days, CDW has led with CrowdStrike, bringing our cutting-edge technology to a multitude of organizations. We’re thrilled to achieve such significant success with our long-standing partner CDW, and we look forward to furthering our commitment to stopping breaches together.”

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/20240626955357/en/

Jake Schuster

CrowdStrike Corporate Communications

press@crowdstrike.com

Source: CrowdStrike

FAQ

What recent milestone did CrowdStrike achieve with CDW?

CrowdStrike surpassed $1 billion in total sales through its partnership with CDW.

What is the significance of CrowdStrike's partnership with CDW?

The partnership enables the delivery of advanced cybersecurity solutions, consolidating legacy products, and improving ROI for thousands of organizations.

What new status has CrowdStrike achieved with CDW?

CrowdStrike has achieved CDW's Diamond Level Partner Status.

How does the CrowdStrike and CDW partnership impact their customers?

It helps customers modernize security operations and prevent breaches using the AI-native CrowdStrike Falcon platform.

What sectors benefit from the CrowdStrike and CDW partnership?

Business, government, education, and healthcare sectors in the US, UK, and Canada benefit from this partnership.