CrowdStrike and Fortinet Deliver Industry-Leading Protection from Endpoint to Firewall

Rhea-AI Summary

CrowdStrike (NASDAQ: CRWD) and Fortinet have announced a strategic partnership to unify best-in-class endpoint and firewall protection. This collaboration integrates AI-native endpoint security from the CrowdStrike Falcon® platform with Fortinet's FortiGate next-generation firewalls (NGFW).

The partnership aims to provide customers and partners with enhanced flexibility, visibility, and security across networks, applications, and endpoints. Key benefits include:

• Rich telemetry across endpoint and network
• Fast and accurate AI-powered threat protection and response
• Streamlined security operations with a unified view
• Context-rich insights into network traffic, user activity, and device posture

Both companies have received industry recognition, with CrowdStrike named a Leader in the 2024 Gartner® Magic Quadrant™ for Endpoint Protection Platforms and Fortinet recognized 15 times in the Gartner® Magic Quadrant™ for Network Firewalls.

Positive

• Strategic partnership between CrowdStrike and Fortinet to unify endpoint and firewall protection
• Integration of AI-native endpoint security with next-generation firewalls
• Enhanced visibility and security across networks, applications, and endpoints
• Streamlined security operations with a single, unified view
• Industry recognition for both companies in their respective fields

Negative

• None.

Insights

Tech Expert

This partnership between CrowdStrike and Fortinet is a significant development in the cybersecurity landscape. It combines CrowdStrike's AI-native endpoint security with Fortinet's next-generation firewalls, creating a unified solution that addresses the growing complexity of cyber threats.

The integration offers several key benefits:

• Enhanced visibility across networks, applications and endpoints
• Faster threat detection and response through AI-powered analysis
• Streamlined security operations with a unified view
• Improved protection efficacy and performance

This collaboration could potentially increase market share for both companies, especially in enterprise and mid-market segments. It also positions them well against competitors offering integrated security platforms.

For investors, this partnership could lead to increased revenue streams and customer retention for CrowdStrike, as it expands its ecosystem and value proposition. The move aligns with the industry trend towards consolidated, AI-driven security solutions, which could drive long-term growth.

Market Research Analyst

This strategic partnership has several market implications:

• Market Consolidation: It represents a trend towards integration in the fragmented cybersecurity market, potentially triggering similar alliances.
• Channel Opportunities: The partnership creates new opportunities for resellers and managed service providers, potentially boosting sales for both companies.
• Competitive Positioning: This alliance strengthens both companies' positions against competitors like Palo Alto Networks and Microsoft.
• TAM Expansion: By offering a more comprehensive solution, both companies can potentially expand their total addressable market.

The partnership is likely to be well-received by enterprise customers seeking to simplify their security stack while improving protection. This could lead to increased deal sizes and faster sales cycles for CrowdStrike.

Investors should monitor key metrics like joint customer acquisition rates, cross-sell success, and any changes in average contract value resulting from this partnership.

Strategic partnership unifies AI-native endpoint security and next-generation firewall protection to secure organizations across networks, applications and endpoints

AUSTIN, Texas--(BUSINESS WIRE)-- CrowdStrike (NASDAQ: CRWD) today announced a strategic partnership with Fortinet to unify best-in-class endpoint and firewall protection. By integrating AI-native endpoint security from the CrowdStrike Falcon® cybersecurity platform and Fortinet’s FortiGate next-generation firewalls (NGFW), customers and partners gain the flexibility, visibility and security across networks, applications and endpoints to stop breaches.

Best-of-Breed Device and Network Security

The speed and sophistication of modern threats requires a multi-layer approach to security, integrating cutting-edge technologies to mitigate risk across an expanding attack surface. With traditional tooling, security teams often face challenges such as limited visibility and delayed detection and response. The CrowdStrike and Fortinet partnership provides rich telemetry across endpoint and network, enabling fast and accurate AI-powered threat protection and response, while streamlining security operations with a single, unified view.

• The Falcon platform revolutionized cybersecurity through an AI-native and adversary intelligence approach. Replacing antivirus and a host of other legacy point products has led to the market adopting the Falcon platform as the industry standard for endpoint security among other modules. Tested in multiple third-party assessments, the Falcon platform delivers industry-leading protection efficacy, enterprise scalability and deployment ease.
• Fortinet’s FortiGate NGFWs are available in multiple form factors, including hardware, software and as-a-Service. Fortinet’s hardware utilizes proprietary purpose-built ASICs, yielding on average 17x faster firewall performance and are up to 90 percent more power efficient than the competition. The addition of Fortinet’s FortiGuard AI-powered Security Services offers organizations the highest threat-protection performance on the market today.

The seamless, bidirectional integration of CrowdStrike and Fortinet optimizes network and endpoint security, streamlines operations and accelerates detection and response to elusive threats across the entire enterprise environment. Customers and partners gain context-rich insights into network traffic, user activity and device posture, further strengthening their ability to mitigate security risks with consistent, real-time protection and responses against the latest and most sophisticated threats.

CrowdStrike and Fortinet are jointly committed to supporting a broad, adaptable and open cybersecurity ecosystem, providing customers and partners with the flexibility to build a tailored best-of-breed security strategy.

Two of the Industry’s Most Validated Leaders Partner

“Two of cybersecurity's leading companies partnering, each with a world-class channel ecosystem, creates a powerful combination that benefits everyone involved,” said Jay McBain, chief analyst at Canalys. “The CrowdStrike and Fortinet partnership is a win for customers, who gain access to a multi-layer network and endpoint security, and a win for partners, who now have even greater opportunities to deliver value and drive growth.”

Earlier this year, CrowdStrike was named a Leader in the 2024 Gartner® Magic Quadrant™ for Endpoint Protection Platforms (EPP) for the fifth consecutive time. CrowdStrike was positioned furthest right for Completeness of Vision and highest for Ability to Execute among all vendors evaluated for the second time in a row. The company was also recently recognized as a Customers’ Choice in the 2024 Gartner Peer Insights™ Voice of the Customer for Endpoint Protection Platforms.

Fortinet is dedicated to delivering industry-leading firewall innovation and has been recognized 15 times in the Gartner® Magic Quadrant™ for Network Firewalls and has been named a Gartner Peer Insights™ Customers’ Choice vendor for Network Firewalls five times in a row. CrowdStrike and Fortinet believe this industry recognition demonstrates a shared commitment to delivering advanced device and network security innovation.

“Presidio is committed to protecting global customers with the world’s most advanced cybersecurity solutions,” said Justin Tibbs, vice president, cybersecurity, Presidio. “Today, that means best-of-breed technologies that seamlessly integrate and serve as a force multiplier to each other’s capabilities, supercharging the security services provider toolkit. CrowdStrike and Fortinet are the validated leaders in their respective fields, and we’re thrilled to offer this powerful combination of AI-native endpoint and next-generation firewall protection.”

“Decisive strategy and execution from industry leaders to drive innovation is what benefits customers and delivers better security outcomes,” said Daniel Bernard, chief business officer, CrowdStrike. “CrowdStrike pioneered an AI-native platform to revolutionize endpoint security – Fortinet defines next-generation firewall protection and network security focused on performance and efficacy. Customers benefit from using us together, partners benefit from bringing us to market together, and this strategic partnership symbiotically advances both companies' expansion strategies. We look forward to our collaboration with Fortinet.”

“For nearly 25 years Fortinet has set the standard for the convergence of networking and security,” said John Maddison, CMO and EVP of products, Fortinet. “By bolstering our partnership with CrowdStrike, we look forward to continued collaboration and innovation as we offer customers a joint solution that resonates at scale with all market segments globally – securing the Fortune 500 to SMBs, across networks, applications and endpoints.”

Gartner Disclaimer

Gartner is a registered trademark and service mark, and Magic Quadrant and Peer Insights are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Gartner, Magic Quadrant for Endpoint Protection Platforms, 23 September 2024, Evgeny Mirolyubov, Franz Hinner, Deepak Mishra, Satarupa Patnaik, Chris Silva.

Gartner, Magic Quadrant for Network Firewalls, 19 December 2022, Rajpreet Kaur, Adam Hils, Tom Lintemuth.

Gartner, Voice of the Customer for Network Firewalls, Peer Contributors, 30 May 2024.

Gartner, Voice of the Customer for Endpoint Protection Platforms, Peer Contributors, 28 June 2024.

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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Start a free trial today: https://www.crowdstrike.com/free-trial-guide/

© 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.

About Fortinet

Fortinet (NASDAQ: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere you need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet's solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with high-profile, well-respected organizations from both the public and private sectors, including CERTs, government entities, and academia, is a fundamental aspect of Fortinet’s commitment to enhance cyber resilience globally. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.

Copyright © 2024 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAIOps, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiConnect, FortiController, FortiConverter, FortiCWP, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiEdge, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFone, FortiGSLB, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMoM, FortiMonitor, FortiNAC, FortiNDR, FortiPenTest, FortiPhish, FortiPlanner, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiSDNConnector, FortiSIEM, FortiSMS, FortiSOAR, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM and FortiXDR. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241022948981/en/

Jake Schuster

CrowdStrike Corporate Communications

press@crowdstrike.com

Travis Anderson

Fortinet, Inc.

408-235-7700

pr@fortinet.com

Source: CrowdStrike

FAQ

What is the purpose of the CrowdStrike (CRWD) and Fortinet partnership?

The partnership aims to unify best-in-class endpoint and firewall protection, integrating AI-native endpoint security from CrowdStrike's Falcon platform with Fortinet's FortiGate next-generation firewalls to enhance security across networks, applications, and endpoints.

How does the CrowdStrike (CRWD) and Fortinet integration benefit customers?

Customers gain rich telemetry across endpoint and network, fast and accurate AI-powered threat protection and response, streamlined security operations with a unified view, and context-rich insights into network traffic, user activity, and device posture.

What industry recognition has CrowdStrike (CRWD) received in 2024?

CrowdStrike was named a Leader in the 2024 Gartner Magic Quadrant for Endpoint Protection Platforms for the fifth consecutive time and recognized as a Customers' Choice in the 2024 Gartner Peer Insights Voice of the Customer for Endpoint Protection Platforms.

How does Fortinet's FortiGate NGFW performance compare to competitors?

Fortinet's FortiGate NGFWs, utilizing proprietary purpose-built ASICs, offer on average 17x faster firewall performance and are up to 90 percent more power efficient than competitors.