Benzinga | Feb 18, 2021 09:34AM EST

CrowdStrike To Acquire XDR Company Humio For $400M

* CrowdStrike Holdings, Inc. (NASDAQ: CRWD) is set to acquire cloud log management and observability technology provider Humio for $400 million to expand its eXtended Detection and Response (XDR) capabilities.

* "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 CrowdStrike CEO George Kurtz.

* "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," said Humio CEO Geeta Schmidt.

* CrowdStrike had raised $740.6 million in a senior note offering last month for general corporate requirements.

* Price action: CRWD shares are down 2.06% at $233.64 on the last check Thursday.