CrowdStrike announced plans to acquire Bionic, a trailblazing startup in the Application Security Posture Management (ASPM) sector.
CrowdStrike aims to amplify its enterprise cloud security offerings through this acquisition. While the size of the acquisition was not officially revealed, reports in the media peg the cash-and-stock deal at approximately $350m.
CrowdStrike is a cybersecurity company that specialises in endpoint security, threat intelligence, and incident response. The firm is known for its Falcon Cloud Security platform, which helps enterprises detect, prevent, and respond to cyber threats in real-time.
On the other hand, Bionic emerged from stealth mode in 2020 and has raised a total of $77m in early-stage funding from the likes of Insight Partners, Cyberstarts, and Battery Ventures. Bionic is an application intelligence firm that provides tools for mapping all application services, databases, microservices, third-parties, APIs, and data flows across different cloud service providers and application deployments.
Post-acquisition, CrowdStrike plans to market Bionic’s ASPM as an independent product, while also integrating its capabilities into the Falcon Cloud Security platform. This move allows CrowdStrike to tap into new enterprise security spending categories such as Cloud Workload Protection (CWP), Cloud Security Posture Management (CSPM), Cloud Infrastructure Entitlement Management (CIEM), and now, Application Security Posture Management.
Bionic has developed a toolkit that eliminates the need for sensitive source code access, allowing for seamless integration of enterprise apps with CI/CD pipelines. This helps in prioritising application-level vulnerabilities, further adding value to CrowdStrike’s existing services.
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