Security News > 2020 > September > CrowdStrike Pushes Zero Trust With $96 Million Acquisition of Preempt Security
CrowdStrike on Wednesday announced that it has agreed to acquire Preempt Security, a provider of Zero Trust and access control technology, in a deal valued at roughly $96 million.
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," said George Kurtz, co-founder and chief executive officer of CrowdStrike.
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.
Preempt had raised a total of $27.5 million in funding, including $17.5 million in a 2018 Series B funding round supported by ClearSky, Blackstone, Intel Capital and General Catalyst.