CrowdStrike to Acquire Humio and Deliver the Industry’s Most Advanced Data Platform for Next-Generation, Index-Free XDR

Rhea-AI Summary

CrowdStrike (Nasdaq: CRWD) has announced its acquisition of Humio for approximately $400 million, aimed at enhancing its eXtended Detection and Response (XDR) capabilities. The acquisition is expected to close in CrowdStrike's fiscal first quarter, pending customary conditions. This move will allow CrowdStrike to integrate Humio’s advanced log management technology, enabling deeper analytics and real-time protection. It highlights CrowdStrike's commitment to providing comprehensive security solutions by improving data ingestion and operational efficiency.

Positive

• Acquisition of Humio expected to enhance CrowdStrike's XDR capabilities.
• Integration of Humio's technology will allow for better data ingestion and analytics.
• Expected to provide real-time insights and improve operational efficiency.

Negative

• None.

CrowdStrike Holdings, Inc. (Nasdaq: CRWD), a leader in cloud-delivered endpoint and cloud workload protection, today announced it has agreed to acquire Humio, a leading provider of high-performance cloud log management and observability technology. Under the terms of the agreement, CrowdStrike will pay approximately $400 million to acquire Humio, subject to adjustments. The acquisition is expected to close during CrowdStrike’s fiscal first quarter, subject to customary closing conditions.

Today, CrowdStrike delivers the industry’s most comprehensive security solution for protecting endpoints and workloads, processing 5 trillion security-related events per week with its pioneering Threat Graph™ technology. With this acquisition, CrowdStrike will further expand its eXtended Detection and Response (XDR) capabilities by ingesting and correlating data from any log, application or feed to deliver actionable insights and real-time protection.

Setting a New Standard for XDR

Existing security providers are unable to deliver the concise, contextual insights their customers need to realize the true promise of XDR. Without key technological advances -- such as CrowdStrike’s cloud-scale AI running on a purpose-built graph database, and patented smart-filtering technology that reduces ingestion of unneeded, irrelevant data -- customers are left with large, complex data sets that lack context and hide the important insights security teams require.

Joining forces with Humio’s best-in-class data ingestion and analytics platform will enable CrowdStrike to provide deep, contextual index-free XDR at a speed and scale that no other vendor can match. As a pioneer in the cybersecurity industry, CrowdStrike’s decade-long leadership in EDR and XDR is rooted in combining endpoint events with network visibility, account and identity insights, and massive telemetry from all workloads, regardless of where they are -- on premise, in the cloud or even deployed in a container. Humio’s native ability to ingest and analyze both unstructured and semi-structured data will enhance how the CrowdStrike platform addresses enterprise IT challenges, including those within the increasingly sophisticated DevOps and DevSecOps environments.

Together, Humio and CrowdStrike deliver an enterprise-grade solution that finally addresses the challenge of operationalizing massive and ever-growing volumes of event and log data, empowering organizations to collect, observe, analyze and act on all structured and unstructured data in their environment.

“We conducted a thorough market review of existing solutions and were amazed by Humio’s mature technology architecture and proven ability to deliver at scale,” said George Kurtz, co-founder and chief executive officer of CrowdStrike. “The combination of real-time analytics and smart filtering built into CrowdStrike’s proprietary Threat Graph and Humio’s blazing-fast log management and index-free data ingestion dramatically accelerates our XDR capabilities beyond anything the market has seen to date.”

“We are thrilled to join CrowdStrike, the company that is leading the security industry with its cloud-native data platform, designed to support customers in establishing more mature and reliable security programs. CrowdStrike’s Security Cloud is the ideal platform to extend Humio’s technology and reach, while continuing our mission to empower customers to make data-rich decisions,” said Geeta Schmidt, chief executive officer and co-founder at Humio.

Humio’s Proven Technology Raises the Bar for Customers that Demand Speed and Accuracy at Scale

Humio’s market-leading, innovative technology delivers the proven efficacy, powerful features, usability and speed required by the most demanding customer environments. Its high customer satisfaction among leading organizations worldwide is a testament to its superior technology leadership and performance.

New York City Cyber Command (NYC3), one of the world’s largest and most complex cybersecurity organizations, works across more than 100 agencies to prevent, detect, and respond to cyber threats, and ensure compliance with security policies. NYC3 processes extraordinarily large data sets with scale and velocity by relying on world-class technologies that can deliver actionable intelligence and insights. This function is critical for defending the City of New York and its complex infrastructure—assets which underpin the health and safety of more than 8.5 million New Yorkers.

“The success of our entire security strategy rests on having reliable, high-performance ingestion technology that enables us to combine disparate security data resources, including from more than 20 third-party tools, and extract actionable insights in a frictionless and efficient manner,” said Geoffrey Brown, chief information security officer of New York City and head of NYC Cyber Command. “In evaluating world-class technologies, we chose Humio because of their market-leading technology and ability to execute at massive scale and analyze and action data with speed, accuracy, and context.”

CrowdStrike and Humio: A Shared Vision for Innovation that Solves Real Customer Problems

CrowdStrike and Humio share the vision that contextual data can help solve critical enterprise problems across cybersecurity and beyond. Through a platform that spans endpoints, identities, the network edge, and the cloud, CrowdStrike is building a unified data layer that powers the next generation of enterprise security and IT operations. With the ability to ingest and analyze both first- and third-party data, and to answer complex questions at the speed of the cloud, CrowdStrike will continue to innovate and advance its powerful data

FAQ

What is the acquisition cost for Humio by CrowdStrike?

CrowdStrike will pay approximately $400 million to acquire Humio.

When is the CrowdStrike and Humio acquisition expected to close?

The acquisition is expected to close during CrowdStrike's fiscal first quarter, subject to customary closing conditions.

How will the acquisition of Humio impact CrowdStrike's services?

The acquisition will enhance CrowdStrike’s eXtended Detection and Response (XDR) capabilities by improving data ingestion and analytics.

What technology does Humio provide to CrowdStrike?

Humio provides high-performance cloud log management and analytics technology.

What are the expected benefits of the CrowdStrike and Humio acquisition?

The acquisition is expected to provide deeper analytics, real-time protection, and better operational efficiency.