Crowdstrike to acquire Flow Security

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CrowdStrike, an American cybersecurity technology company, has officially announced its acquisition of the Israel-based startup ‘Flow Security‘ for $200 million. Flow Security is known as a leading provider of cloud data runtime security solutions, uniquely safeguarding data both at rest and in motion.

The acquisition of Flow Security’s data security posture management technology by CrowdStrike will primarily involve a cash transaction and is set to be finalized by May of this year, subject to customary conditions and applicable laws.

This move will significantly enhance CrowdStrike’s position in the cloud industry, enabling its Falcon platform customers to gain visibility into data flows within the cloud and interactions with onboard applications.

Following the announcement of the new startup acquisition, CrowdStrike’s stock surged from $315 to $405 after the company reported strong fourth-quarter earnings.

Moreover, CrowdStrike has achieved a 100% ransomware protection certification for its Falcon platform in the SE Labs Enterprise Advanced Security Ransomware test. This rigorous test includes the use of approximately 270 recognized malware samples and an additional 106 different ransomware samples in controlled environments.

Among the ransomware samples tested in SE Labs’ environments are BlackCat (also known as ALPHV), Black Basta, Bad Rabbit, Babuk, Avaddon, Diavol, HelloKitty, LockBit, Hermes, and Robbihood.

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Naveen Goud is a writer at Cybersecurity Insiders covering topics such as Mergers & Acquisitions, Startups, Cyber Attacks, Cloud Security and Mobile Security

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