Press release
CrowdStrike to Acquire Bionic to Extend Cloud Security Leadership with Industry’s Most Complete Code-to-Runtime Cybersecurity Platform
Cloud security leader to acquire ASPM pioneer to deliver the most comprehensive view of cloud risk, from code development through runtime, in a unified
About this update from Crowdstrike Holdings, Inc.
[{"type":"text","content":"\nCloud security leader to acquire ASPM pioneer to deliver the most comprehensive view of cloud risk, from code development through runtime, in a unified platform\n\n\n AUSTIN, Texas & LAS VEGAS--(BUSINESS WIRE)--\nFal.Con 2023 – CrowdStrike (Nasdaq: CRWD), today announced it has agreed to acquire Bionic, the pioneer of Application Security Posture Management (ASPM). The combination will extend CrowdStrike’s leading Cloud Native Application Protection Platform (CNAPP) with ASPM to deliver comprehensive risk visibility and protection across the entire cloud estate, from cloud infrastructure to the applications and services running inside of them. As a result, CrowdStrike will be the first cybersecurity company to deliver complete code-to-runtime cloud security from one unified platform.\n\n\nAnnounced at the industry’s marquee cybersecurity conference, CrowdStrike Fal.Con 2023, the signing of the deal comes on the heels of CrowdStrike’s Q2 FY24 financial results, in which the company delivered a record quarter for its fast-growing cloud security business. In addition, ending ARR as of July 31, 2023 for CrowdStrike modules deployed in the public cloud grew to $296 million, up 70 percent year-over-year – larger than almost every cloud security vendor.\n\n\n“The cloud is cybersecurity’s new battleground, yet the industry’s answer to-date has been disjointed point security tools or ‘platforms’ with multiple consoles and agents,” said George Kurtz, co-founder and chief executive officer at CrowdStrike. “We are delivering what customers need: modern protection to address cloud security risk comprehensively, through one unified platform. We pioneered cybersecurity for the cloud era, and the addition of Bionic further extends our cloud security leadership on our mission of stopping breaches. Bionic shares our passion for customer-focused innovation and will make a great addition to the CrowdStrike team.”\n\n\nThe Battle to Stop Breaches Moves to the Cloud\n\n\nAccording to the CrowdStrike 2023 Global Threat Report, cloud exploitations increased by 95% and the number of cloud-conscious threat actors increased more than 3x in the last year. At the same time, the growth of cloud computing, the speed of DevOps, and the increased use of no and low code development platforms has led to an explosion of applications and microservices running wit...