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CrowdStrike Acquires Preempt Security

sunnyvale, california. – September 23, 2020 – crowdstrike holdings, inc. (nasdaq: crwd), a leader in cloud-delivered endpoint and workload protection, today announced that it has agreed to acquire preempt security, a leading provider of zero-trust, conditional access technology for real-time access control and threat prevention. Under the terms of the agreement, crowdstrike will pay approximately $96 million to acquire the preferred security, subject to adjustments. The acquisition is expected to close during crowdstrike’s third fiscal quarter, subject to customary closing conditions.

Customers are actively seeking effective technologies that enhance their abilities to detect advanced adversaries that leverage identity-based attacks to move laterally through the network, including insider threats. Together, crowdstrike and preempt will provide a modern, zero-trust security architecture and threat protection to keep users, endpoints, and organization data safe from modern attacks, without compromising productivity or the user experience.

Reading: Crowdstrike acquires preempt

Combining workload security with identity protection is critical to establishing true zero-trust environments. With this acquisition, Crowdstrike plans to offer customers enhanced zero-trust security capabilities and strengthen the Crowdstrike Falcon® platform with conditional access technology. Adding preempt’s technology to the falcon crowdstrike platform will help customers achieve end-to-end identity data visibility and compliance.

As organizations continue to operate in hybrid work environments and focus on digital transformation, the need to establish a modern zero-trust security environment at scale has never been greater. According to Forrester,[1] “With the loss of a physical perimeter in protecting applications and data from external and internal threats, the “people” domain of zero trust extended (ztx) is one of the areas that is changing and growing the most. dynamically”.

“Hybrid work environments will become the norm for many organizations, meaning zero-trust security with an identity-centric approach and real-time threat detection are critical to business continuity. With the addition of preventative security capabilities, the Crowdstrike Falcon platform will provide enhanced protection against identity-based attacks and insider threats,” said George Kurtz, co-founder and CEO of Crowdstrike. “Combining preempt’s technology with the crowstrike falcon platform will help customers achieve end-to-end visibility and enforcement through identity-, behavior- and risk-based decisions to stop attacks in real time.” /p>

“We are thrilled to join crowdstrike, the industry leader in stopping breaches that shaped modern endpoint security and pioneered the security cloud,” said ajit sancheti, co-founder and CEO of preempt . “By combining preempt’s identity security expertise with crowdstrike’s incredible scale and threat telemetry, we’ll be able to offer customers comprehensive protection for hybrid workloads and remote workforces wherever they are.”

______________________________ 1Apply Extended Zero Trust Principles to Your Identity and Access Management Programs,” Posted Nov 25, 2019.

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Founded in 2014 by Ajit Sancheti and Roman Blachman to offer a modern approach to authentication and identity protection, Preempt offers the market’s first zero-trust, conditional access solution to continuously detect and anticipate threats based on of identity, behavior and risk. preempt’s patented technology enables enterprises to optimize identity hygiene and stop attackers and insider threats in real time before they can impact the business.

Under the terms of the agreement, crowdstrike expects to pay approximately $86 million in cash (excluding expenses and other adjustments) and $10 million in stock and options subject to vesting conditions. The proposed acquisition is expected to close in Crowdstrike’s third fiscal quarter of 2021, subject to customary closing conditions. crowdstrike is not updating its guidance for the third quarter and fiscal year 2021 that was provided on September 2, 2020 as a result of this transaction.

read a blog post by george kurtz, co-founder and CEO of crowdstrike.

forward-looking statements

This press release contains forward-looking statements that involve risks and uncertainties, including statements about the closing of the acquisition and the benefits of the acquisition to crowdstrike and its customers. there are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including the satisfaction of the conditions to the closing of the acquisition.

This press release contains forward-looking statements that involve risks and uncertainties, including statements about the closing of the acquisition and the benefits of the acquisition to crowdstrike and its customers. there are a significant number of factors that could cause actual results to differ materially from the statements made in this press release, including the satisfaction of the conditions to the closing of the acquisition.

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You should not rely on these forward-looking statements, as actual results may differ materially from those contemplated in these forward-looking statements as a result of such risks and uncertainties. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we undertake no obligation to update any forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which this press release is made. that were made.

about crowdstrike entries

crowdstrike® provides endpoint and workload protection in the cloud. Leveraging artificial intelligence (AI), the Falcon® Crowdstrike Platform protects customers against cyberattacks on endpoints and workloads inside or outside the network by providing enterprise-wide visibility and protection.

© 2020 crowdstrike, inc. All rights reserved. crowdstrike® and crowdstrike falcon® are among the trademarks of crowdstrike, inc.

media contact crowdstrike, inc. ilina cashiola, 202-340-0517 ilina.cashiola@crowdstrike.com

investor relations contact crowdstrike, inc. maria riley investors@crowdstrike.com 669-721-0742

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