CrowdStrike has announced its intention to acquire Flow Security, a cloud data runtime security solution, in a strategic move to bolster its cloud security capabilities. Flow Security’s Data Security Posture Management (DSPM) platform specializes in discovering, categorizing, and securing sensitive information across public clouds, on-premises infrastructure, and SaaS platforms. By integrating Flow Security’s technology with its Falcon XDR platform, CrowdStrike aims to provide an advanced cloud data protection platform that safeguards data both in motion and at rest in endpoint and cloud environments.
The acquisition represents a significant step for CrowdStrike as it expands its portfolio to address the evolving cybersecurity landscape, particularly the growing need for robust cloud security solutions. Founded by Jonathan Roizin and Rom Ashkenazi, Flow Security has raised approximately $15 million in seed funding and has developed innovative solutions to secure sensitive data across diverse IT environments. The terms of the acquisition were not disclosed, but CrowdStrike has indicated that the deal will be predominantly cash-based, with a portion delivered in equity subject to vesting conditions.
With the acquisition expected to close during CrowdStrike’s fiscal first quarter, the company anticipates leveraging Flow Security’s expertise to enhance its offerings and deliver even more comprehensive cybersecurity solutions to its customers. The announcement comes on the heels of strong earnings for CrowdStrike, with net income reaching $54 million on $845 million in revenue for the quarter ending January 31. CrowdStrike’s president, CEO, and co-founder, George Kurtz, expressed confidence in the company’s growth trajectory, citing record fourth-quarter performance and accelerating net new ARR growth, highlighting CrowdStrike’s position as a leader in the cybersecurity market.
