CrowdStrike Holdings, our partner and leader in cloud-delivered endpoint and cloud workload protection, announced on September 23, 2020 it has agreed to acquire Preempt Security. They are a leading provider of Zero Trust and conditional access technology for real-time access control and threat prevention. Under the terms of the agreement, CrowdStrike will pay approximately $96 million to acquire Preempt Security, subject to adjustments. The acquisition is expected to close during CrowdStrike’s fiscal third quarter, subject to customary closing conditions.
Why CrowdStrike acquires Preempt Security
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 is 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, behaviour and risk-based decisions to stop attacks in real-time.”