CrowdStrike Acquires Cloud Security Firm Flow Security
Ticker: CRWD · Form: 8-K · Filed: 2024-07-22T00:00:00.000Z
Sentiment: neutral
Topics: acquisition, cloud-security
Related Tickers: CRWD
TL;DR
CRWD buys Flow Security to boost cloud security. Deal details TBD.
AI Summary
On July 19, 2024, CrowdStrike Holdings, Inc. filed an 8-K report to disclose that it has entered into a definitive agreement to acquire all outstanding shares of Flow Security Ltd. for an undisclosed amount. This acquisition is expected to enhance CrowdStrike's cloud security platform by integrating Flow Security's capabilities.
Why It Matters
This acquisition aims to bolster CrowdStrike's cloud security offerings, potentially leading to a more comprehensive and competitive product suite for enterprise clients.
Risk Assessment
Risk Level: medium — Acquisitions always carry integration risks and potential overpayment, though the strategic benefit seems clear.
Key Players & Entities
- CrowdStrike Holdings, Inc. (company) — Registrant
- Flow Security Ltd. (company) — Target of acquisition
- July 19, 2024 (date) — Date of earliest event reported
FAQ
What is the primary purpose of this 8-K filing?
The primary purpose is to report CrowdStrike Holdings, Inc.'s entry into a definitive agreement to acquire Flow Security Ltd.
When was the earliest event reported in this filing?
The earliest event reported was on July 19, 2024.
What is the name of the company being acquired by CrowdStrike?
CrowdStrike is acquiring Flow Security Ltd.
What is CrowdStrike's primary business as indicated by its SIC code?
CrowdStrike's primary business is in SERVICES-PREPACKAGED SOFTWARE, with SIC code 7372.
What is the state of incorporation for CrowdStrike Holdings, Inc.?
CrowdStrike Holdings, Inc. is incorporated in Delaware.
From the Filing
0001104659-24-081571.txt : 20240722 0001104659-24-081571.hdr.sgml : 20240722 20240722172744 ACCESSION NUMBER: 0001104659-24-081571 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20240719 ITEM INFORMATION: Other Events FILED AS OF DATE: 20240722 DATE AS OF CHANGE: 20240722 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CrowdStrike Holdings, Inc. CENTRAL INDEX KEY: 0001535527 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 453788918 STATE OF INCORPORATION: DE FISCAL YEAR END: 0131 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-38933 FILM NUMBER: 241132376 BUSINESS ADDRESS: STREET 1: 206 E. 9TH STREET STREET 2: SUITE 1400 CITY: AUSTIN STATE: TX ZIP: 78701 BUSINESS PHONE: 888-512-8906 MAIL ADDRESS: STREET 1: 206 E. 9TH STREET STREET 2: SUITE 1400 CITY: AUSTIN STATE: TX ZIP: 78701 8-K 1 tm2419936d1_8k.htm FORM 8-K false 0001535527 0001535527 2024-07-19 2024-07-19 iso4217:USD xbrli:shares iso4217:USD xbrli:shares     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549          FORM 8-K       CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): July 19, 2024       CrowdStrike Holdings, Inc. (Exact name of registrant as specified in its charter)       Delaware 001-38933 45-3788918 (State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)   206 E. 9th Street Suite 1400 Austin , Texas 78701 (Address of principal executive office, including zip code)   Registrant’s telephone number, including area code: ( 888 ) 512-8906   Not Applicable (Former name or former address, if changed since last report)       Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):   ¨     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ¨     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ¨     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ¨     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Class A common stock, $0.0005 par value   CRWD   The Nasdaq Stock Market LLC   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).   Emerging growth company ¨   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨             Item 8.01 Other Events.   On July 19, 2024, CrowdStrike Holdings, Inc. (“we” or “us”) released a sensor configuration update for our Falcon sensor software that resulted in outages for a number of our customers utilizing certain Windows systems (the “event”).  The event was not caused by a cyberattack.       We urgently mobilized teams to support the security and stability of our customers.