CrowdStrike Acquires Flow Security to Enhance Data Security Posture Management

CrowdStrike, a leading cybersecurity company, is making waves in the industry with its latest acquisition of Flow Security, a specialist in data security posture management (DSPM). This acquisition marks the 60th technology M&A deal covered by MSSP Alert and ChannelE2E in 2024.

The purchase price for Flow Security will be paid predominantly in cash, with a portion delivered in equity subject to vesting conditions. The acquisition is expected to close during CrowdStrike’s fiscal first quarter, pending customary closing conditions.

Founded in 2020, Tel Aviv-based Flow Security is known for its cloud data runtime security solution. CrowdStrike plans to integrate Flow Security’s DSPM capabilities into its Falcon Cloud Security platform, allowing for enhanced data discovery, classification, and protection.

CrowdStrike president Michael Sentona expressed excitement about the acquisition, stating that Flow Security’s technology will provide organizations with full visibility into their critical cloud data flows and real-time risk analysis for data at rest and in motion.

With this acquisition, CrowdStrike aims to become the industry’s most comprehensive data security platform. Flow Security CEO Jonathan Roizin highlighted the importance of securing data as it moves across various platforms and applications, emphasizing the critical risk that lack of visibility and control poses to enterprises.

In addition to the Flow Security acquisition, CrowdStrike also announced an expanded partnership with Dell to deliver managed detection and response services within the CrowdStrike Falcon XDR platform. This partnership will provide customers with industry-leading protection against cybersecurity threats.

CrowdStrike recently reported strong financial results for the fourth quarter and fiscal year 2024, with net new ARR growth reaching a new high and ending ARR growing significantly year-over-year. Following the announcement, CrowdStrike’s shares surged 23%, signaling strong demand for cybersecurity solutions in the market.

Overall, CrowdStrike’s acquisition of Flow Security and expanded partnership with Dell demonstrate the company’s commitment to innovation and leadership in the cybersecurity industry. With a focus on data security and threat detection, CrowdStrike is well-positioned to meet the evolving needs of customers in an increasingly digital world.