Benzinga | Feb 18, 2021 06:48AM EST

CrowdStrike To Acquire Humio For $400M

CrowdStrike adds best-in-class data ingestion to extend its leadership with a true multi-tenant, cloud-native platform that delivers superior contextual insights and powers decision-making at enterprise scale

CrowdStrike Holdings, Inc. (NASDAQ:CRWD), a leader in cloud-delivered endpoint and cloud workload protection, today announced it has agreed to acquire Humio, a leading provider of high-performance cloud log management and observability technology. Under the terms of the agreement, CrowdStrike will pay approximately $400 million to acquire Humio, subject to adjustments. The acquisition is expected to close during CrowdStrike's fiscal first quarter, subject to customary closing conditions.

Today, CrowdStrike delivers the industry's most comprehensive security solution for protecting endpoints and workloads, processing 5 trillion security-related events per week with its pioneering Threat Graph(tm) technology. With this acquisition, CrowdStrike will further expand its eXtended Detection and Response (XDR) capabilities by ingesting and correlating data from any log, application or feed to deliver actionable insights and real-time protection.