At the prestigious Fal.Con 2023 cybersecurity conference, CrowdStrike has made waves with the announcement of its acquisition of Bionic, a groundbreaking company specializing in Application Security Posture Management (ASPM). This strategic move will significantly bolster CrowdStrike’s Cloud Native Application Protection Platform (CNAPP), providing an unparalleled level of risk visibility and protection across the expansive cloud landscape.
CrowdStrike, a trailblazer in cloud-era cybersecurity, is set to revolutionize the industry by becoming the first cybersecurity company to offer end-to-end cloud security, covering code-to-runtime, through a unified platform. This acquisition aligns with CrowdStrike’s mission to thwart breaches and underscores their commitment to pioneering innovations that prioritize customer needs.
George Kurtz, co-founder and CEO of CrowdStrike, emphasized the company’s dedication to enhancing cloud security: “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.”
The cloud security landscape has witnessed a surge in exploitations, with a staggering 95 percent increase reported, according to CrowdStrike’s 2023 Global Threat Report. Concurrently, the number of cloud-conscious threat actors has more than tripled in the past year. With the rapid growth of cloud computing and the proliferation of applications and microservices within cloud environments, the need for robust security measures has never been more critical.
Bionic’s expertise will play a pivotal role in extending CrowdStrike’s Falcon platform, providing unmatched visibility into application behavior and vulnerability prioritization for both server-based and serverless infrastructures, all without disrupting the development process. This amalgamation of capabilities will enable CrowdStrike to deliver a comprehensive cloud security solution like never before.
The purchase will be primarily funded in cash, complemented by stock and options, contingent upon vesting conditions. The deal is anticipated to conclude during CrowdStrike’s fiscal third quarter, pending customary closing conditions.