Crowdstrike agreed to acquire Preempt Security, a provider of Zero Trust and access control technology, in a deal valued at roughly $96 million.
Preempt founded in 2014 is yet another cybersecurity firm with roots into the Israeli Defense Forces.
CrowdStrike to buy Preempt SecurityPreempt focuses on providing security by preventing malicious transactions. It does this by identity, behavior, risk and context at the point of the transaction rather than just the point of log-in. It allows for control over who can access what resources and in what context without network segmentation or application development.
CrowdStrike plans integrate Preempt’s technology into the CrowdStrike Falcon platform to help customers achieve end-to-end visibility and enforcement on identity data.
“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.
Under the terms of the agreement, CrowdStrike plans to pay roughly $86 million in cash and $10 million in stock and options subject to vesting conditions.
The acquisition is expected to close in CrowdStrike’s fiscal third quarter 2021.