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Cyber security provider CrowdStrike last week confirmed its agreement to purchase cloud management platform Humio for US$400 million, pending final sale conditions.
Humio, which was founded in 2016, allows customers to collect and analyse structured and unstructured data and counts among its users the New York City Cyber Command.
CrowdStrike expects that the acquisition will allow the company to improve and expand its eXtended Detection and Response (XDR) capabilities by harnessing Humio’s existing data and analytics services.
“The combination of real-time analytics and smart filtering built into CrowdStrike’s proprietary Threat Graph and Humio’s blazing-fast log management and index-free data ingestion dramatically accelerates our XDR capabilities beyond anything the market has seen to date,” said George Kurtz, co-founder and CrowdStrike chief executive.
Geeta Schmidt, chief executive and co-founder at Humio, said, “We are thrilled to join CrowdStrike, the company that is leading the security industry with its cloud-native data platform, designed to support customers in establishing more mature and reliable security programs. CrowdStrike’s Security Cloud is the ideal platform to extend Humio’s technology and reach, while continuing our mission to empower customers to make data-rich decisions.”
It is expected that a majority of the US$400 million purchase cost will be paid in cash by CrowdStike.
[Related: CyberCX, AustCyber launch new tool to address talent gap]
Liam Garman is the managing editor of professional services, real estate and security at Momentum Media. He began his career as a speech writer at New South Wales Parliament before working for world leading campaigns and research agencies in Sydney and Auckland. Throughout his career, Liam has managed and executed international media campaigns spanning politics, business, industrial relations and infrastructure. He’s since shifted his attention to writing on politics and business, and holds a Bachelor of Commerce from the University of Sydney and a Masters from UNSW Canberra with a thesis on postmodernism and media ecology.
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