CrowdStrike to Acquire Reposify to Bolster Visibility and Reduce Risk Exposure of External Assets

Rhea-AI Summary

CrowdStrike (NASDAQ: CRWD) has announced its acquisition of Reposify Ltd., enhancing its external attack surface management (EASM) capabilities. This acquisition aims to provide an adversarial view of organizational risks by scanning the internet for exposed assets. The deal, which will be predominantly cash-based, is expected to close in CrowdStrike's fiscal third quarter, pending customary conditions. Reposify's technology will bolster CrowdStrike's Threat Intelligence and Security and IT Operations product suites, offering comprehensive visibility into vulnerabilities, ultimately fortifying security postures for customers.

Positive

• Enhances CrowdStrike's EASM capabilities and overall security offerings.
• Combines Reposify's scanning technology with CrowdStrike's threat intelligence, providing deeper insights into vulnerabilities.
• Expected to expand market opportunities and customer base.

Negative

• Acquisition costs may strain financials, depending on the transaction value not disclosed in the PR.
• Integration challenges may arise from merging technologies and operations.

Reposify’s external attack surface management (EASM) capabilities expand CrowdStrike’s robust Threat Intelligence and Security and IT Operations product suites

AUSTIN, Texas & LAS VEGAS--(BUSINESS WIRE)-- Fal.Con 2022 – CrowdStrike Holdings, Inc. (Nasdaq: CRWD), a leader in cloud-delivered protection of endpoints, cloud workloads, identity and data, today announced it has agreed to acquire Reposify Ltd. Reposify provides an external attack surface management (EASM) platform that scans the internet for exposed assets of an organization to detect and eliminate risk from vulnerable and unknown assets before attackers can exploit them. With Reposify, CrowdStrike will provide a fundamentally differentiated EASM experience to customers as part of its world-renowned Threat Intelligence product suite, combining deep insights on endpoints and IT environments with internet scanning capabilities that deliver an adversarial-view of organizational risk across internal and external attack surfaces. CrowdStrike will also leverage Reposify’s capabilities to bolster its rapidly growing Security and IT Operations product suite.

Attack surface management is a critical aspect of the broader enterprise security posture. Understanding where shadow IT, legacy systems and unknown infrastructure exposes enterprises to additional risk is essential to enhance the overall security stance of organizations.

“Fortifying security posture and reducing enterprise risk are top priorities for organizations. Traditional risk models take an inside-out approach, which doesn’t always account for how a threat actor may view the external attack surface. Reposify’s technology delivers an outside-in perspective of an organization’s global external risk, providing deep visibility into what connected devices are vulnerable and most likely to be targeted,” said George Kurtz, co-founder and chief executive officer of CrowdStrike. “Combined with CrowdStrike’s industry-leading threat intelligence and ITSecOps offerings, this acquisition will provide customers an adversarial view of their external-facing risk and vulnerabilities so they can be more proactive in managing their security posture and more resilient to attacks.”

“We couldn’t be more excited to be joining the peerless team and industry-leading innovators at CrowdStrike,” said Uzi Krieger, chief executive officer of Reposify.

Reposify was founded by Yaron Tal in 2017 to help organizations take control of their external attack surfaces by providing complete and continuous visibility and actionable insight at scale. Their core technology leverages one of the largest databases of internet-facing assets to empower organizations with the most complete view of their external attack surface with just a click of a button. In March 2021, Gartner named Reposify to its 2021 emerging vendors list in the external attack surface management security category. This annual list showcases rising technology vendors that are spearheading the future success of cyber innovation.

“We built Reposify to enable organizations on a global scale to have visibility into the unprotected assets from the vantage point of attackers, and look forward to integrating our groundbreaking technology into the world-class CrowdStrike Falcon platform,” said Yaron Tal, founder and chief technology officer of Reposify.

Related Content

Watch the Fal.Con 2022 keynote of CrowdStrike’s co-founder and chief executive officer, George Kurtz.

Watch the Fal.Con 2022 keynote of CrowdStrike’s chief technology officer, Michael Sentonas, to learn about how Reposify will enhance the CrowdStrike Falcon platform and read the blog post.

Transaction Details

The purchase price will be paid predominantly in cash, with a portion delivered in the form of stock and options subject to vesting conditions. The proposed acquisition is expected to close during CrowdStrike’s fiscal third quarter, subject to customary closing conditions.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and uncertainties, including statements regarding the benefits of the acquisition to CrowdStrike and its customers and the closing of the acquisition. You should not place undue reliance on these forward-looking statements, as actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of risks and uncertainties. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including the satisfaction of the conditions to the closing of the acquisition, the integration of Reposify’s technology and operations, and other risks described in CrowdStrike’s most recent Form 10-Q filed with the Securities and Exchange Commission. All forward-looking statements in this press release are based on information available to CrowdStrike as of the date hereof, and CrowdStrike does not assume any obligation to update any of these forward-looking statements to reflect events that occur or circumstances that exist after the date on which they were made.

About CrowdStrike

CrowdStrike (Nasdaq: CRWD), a global cybersecurity leader, has redefined modern security with one of the world’s most advanced cloud-native platforms 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.

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© 2022 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/20220919005888/en/

CrowdStrike Investor Relations

Maria Riley

investors@crowdstrike.com

Kevin Benacci

CrowdStrike Corporate Communications

press@crowdstrike.com

Source: CrowdStrike Holdings, Inc.

FAQ

What is the purpose of CrowdStrike's acquisition of Reposify?

The acquisition aims to enhance CrowdStrike's external attack surface management capabilities, providing deeper insights into organizational risks and vulnerabilities.

When is the acquisition of Reposify expected to close?

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

How will Reposify benefit CrowdStrike's product offerings?

Reposify will enhance CrowdStrike's Threat Intelligence and Security and IT Operations suites, offering an adversarial view of external risks.

What are the financial implications of CrowdStrike's acquisition of Reposify?

The acquisition is expected to be predominantly cash-based, and the financial strain will depend on the undisclosed transaction value.

What technology does Reposify provide to CrowdStrike?

Reposify offers an EASM platform that scans for exposed assets, helping organizations detect and address vulnerabilities.