CrowdStrike has agreed to acquire Preempt Security, a provider of Zero Trust and conditional access technology for real-time access control and threat prevention, for $96 million.
The acquisition is expected to close during CrowdStrike’s fiscal third quarter, subject to customary closing conditions.
Customers are actively looking for effective technologies that enhance their abilities to detect advanced adversaries that leverage identity-based attacks to move laterally across the network, including insider threats.
Together, CrowdStrike and Preempt will provide a modern Zero Trust security architecture and threat protection to keep organizations’ users, endpoints, and data safe from modern attacks, without compromising productivity or the user experience.
Combining workload security with identity protection is foundational for establishing true Zero Trust environments. With this acquisition, CrowdStrike plans to offer customers enhanced Zero Trust security capabilities and strengthen the CrowdStrike Falcon platform with conditional access technology.
The addition of Preempt’s technology to the CrowdStrike Falcon platform will help customers achieve end-to-end visibility and enforcement on identity data.
As organizations continue to operate in hybrid work environments and focus on digital transformation, the need to establish a modern Zero Trust security environment at scale has never been greater.
According to Forrester, “With the loss of a physical perimeter in protecting applications and data from external and internal threats, the “people” domain of Zero Trust eXtended (ZTX) is one of the most dynamically changing and growing areas.”
“Hybrid work environments will become the norm for many organizations which means that Zero Trust security with an identity-centric approach and detecting threats in real-time are critical for business continuity. With the addition of Preempt Security’s capabilities, the CrowdStrike Falcon platform will provide enhanced protection against identity-based attacks and insider threats,” said George Kurtz, co-founder and chief executive officer of CrowdStrike.
“Combining Preempt’s technology with the CrowdStrike Falcon platform will help customers achieve end-to-end visibility and enforcement through identity, behavior and risk-based decisions to stop attacks in real time.”
“We are thrilled about joining CrowdStrike, the industry leader in stopping breaches that shaped modern endpoint security and pioneered the Security Cloud,” said Ajit Sancheti, Preempt’s co-founder and chief executive officer.
“Combining Preempt’s identity security expertise with CrowdStrike’s incredible scale and threat telemetry, we will be able to offer customers complete protection for hybrid workloads and remote workforces wherever they are.”