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CrowdStrike Holdings, Inc. (symbol: CRWD) is a premier player in the field of cloud-delivered cybersecurity solutions. Founded in 2011 and headquartered in Texas, CrowdStrike has distinguished itself by offering next-generation endpoint protection. The company's flagship product, the Falcon platform, provides a comprehensive, single-pane-of-glass view for enterprises to detect and respond to security threats effectively.
CrowdStrike has revolutionized cybersecurity by being the first and only company to unify next-generation antivirus (AV), endpoint detection and response (EDR), and a 24/7 managed hunting service—all through a single lightweight agent. This trifecta of services ensures robust protection against sophisticated threats and breaches.
The company boasts a diverse clientele that includes three of the 10 largest global companies by revenue, five of the top 10 financial institutions, three of the top 10 healthcare providers, and three of the top 10 energy companies. These partnerships attest to CrowdStrike's reliability and efficacy in the cybersecurity domain.
In 2019, CrowdStrike went public, marking a significant milestone in its journey. Since then, the company has continued to expand its offerings and improve its Falcon platform with cutting-edge features and capabilities. CrowdStrike's financial performance has reflected its growth trajectory, showing strong revenue growth and increased market adoption.
Explore more about CrowdStrike's innovations, partnerships, and services by visiting their official website or following them on Twitter. Stay updated with the latest developments through their blog.
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.
CrowdStrike (CRWD) announced a partnership with Coalition to offer the CrowdStrike Falcon platform to Coalition's 160,000 cyber insurance policyholders. This collaboration aims to enhance cybersecurity measures and help policyholders meet key insurance policy contingencies. The partnership allows users to access a 15-day free trial of the Falcon platform and offers discounted bundles tailored to their needs. Executives from both companies emphasized the importance of robust cybersecurity in reducing risks associated with cyberattacks, particularly for small to medium-sized businesses.
CrowdStrike (CRWD) announced enhancements to its Falcon Insight XDR platform, integrating third-party telemetry from new CrowdXDR Alliance partners: Cisco, ForgeRock, and Fortinet, alongside Microsoft and Palo Alto Networks. This update allows EDR customers to activate XDR capabilities seamlessly, enriching cyber defense by breaking down data silos. The platform aims to enhance cross-domain detection and response for clients. This integration becomes generally available by Q4 FY 2023, further positioning CrowdStrike as a leader in the cybersecurity sector.
CrowdStrike has launched new capabilities for its Cloud Native Application Protection Platform (CNAPP), enhancing its Cloud Security offerings. These updates include Cloud Infrastructure Entitlement Management (CIEM) features and the integration of CrowdStrike Asset Graph, improving visibility and management of cloud resources. CIEM addresses identity-based threats by managing permissions across platforms like Amazon Web Services (AWS) and Microsoft Azure. The company emphasizes the significance of identity management in cloud security.
CrowdStrike (Nasdaq: CRWD) has announced significant updates to its Security and IT Operations suite, featuring Falcon Discover for IoT for enhanced visibility in IoT and OT environments. These innovations aim to bolster security hygiene by providing comprehensive asset inventories and real-time monitoring. Falcon Discover enhancements further facilitate proactive security management by mapping asset relationships. Both updates are designed to help organizations address the growing cybersecurity risks in interconnected systems.
CrowdStrike (NASDAQ: CRWD) has launched its new Falcon LogScale module to enhance log management and observability for organizations. This tool allows real-time data logging and analysis at scale, resulting from the acquisition of Humio in March 2021. The Falcon Complete LogScale provides a fully managed service for personalized log operations. According to a Forrester study, investing in Falcon LogScale could yield a 210% return on investment and generate
CrowdStrike (CRWD) has announced its investment in Vanta, a leader in compliance automation, through its Falcon Fund. This partnership aims to enhance security and compliance across SMBs and enterprises by integrating CrowdStrike's data with Vanta's platform. Vanta, used by over 3,000 companies, provides tools for compliance standards like SOC 2 and GDPR. The investment highlights CrowdStrike's commitment to fostering an ecosystem of security innovators to tackle evolving threats.
CrowdStrike (NASDAQ: CRWD) announced a strategic investment in Salt Security, a leader in API security, through its Falcon Fund. This partnership aims to enhance security measures by integrating API discovery and runtime protection.
With the rising use of SaaS applications, APIs are increasingly targeted by cyber threats. CrowdStrike emphasizes the need for advanced defenses against these vulnerabilities. Furthermore, Falcon Fund has also invested in several other security firms, demonstrating CrowdStrike's commitment to building a comprehensive security ecosystem.
CrowdStrike (NASDAQ: CRWD) has launched the CrowdStrike Powered Service Provider Program (CPSP), aimed at enhancing service provider profitability and market reach. The program features an invitation-only Elite tier for select partners, including Cyber Defense Labs, Deloitte, and eSentire, who will receive specialized incentives. CPSP partners can select from various Falcon platform modules and benefit from new discount structures. The initiative is designed to empower service providers with advanced security solutions while driving growth in a rapidly evolving cybersecurity landscape.
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