CrowdStrike Holdings, a leading company in cloud-delivered endpoint and workload protection, announced the acquisition of SecureCircle, a SaaS-based cybersecurity service that extends Zero Trust security to endpoint data. CrowdStrike will strengthen its leading Zero Trust endpoint security device and identity capabilities to incorporate data with this takeover. The all-cash deal is expected to complete in the fourth quarter of CrowdStrike’s fiscal year.
By securing the hub of enterprise risk — the endpoint – CrowdStrike has transformed security for the cloud era. CrowdStrike will enhance data protection with SecureCircle’s technology, allowing customers to implement Zero Trust at the device, identity, and data levels. CrowdStrike intends to resolve complex problem that all organisations face, data protection, with a simple solution – enforcing Zero Trust control at multiple levels, all deployed through CrowdStrike’s lightweight Falcon agent on the endpoint – by combining forces and leveraging SecureCircle’s innovative capabilities.
Zero Trust Data Protection Reimagined
In 2021, the market for data loss prevention (DLP) and related technologies is expected to reach $3 billion. Even billions of dollars are invested in legacy DLP technologies, data breaches via inadvertent leaks, ransomware, sophisticated cyberattacks, and other sources continue to occur at an astonishing speed. Clients demand a solution to protect data without compromising the user experience, as DLP has failed. CrowdStrike promises to rethink data security using SecureCircle’s technology, enforcing encryption on data in all three states (in transit, at rest, and in use), allowing clients to secure data on, from, and to endpoints. Clients will be able to govern data access and usage regulations for each user based on their Zero Trust score when integrated with CrowdStrike Zero Trust Assessment, providing dynamic risk mitigation.
“Data loss prevention has suffered from a lack of innovation and legacy tools have completely failed to live up to the promise of preventing breaches. At the same time, the endpoint has become the focal point for how data is accessed, used, shared and stored,” said George Kurtz, co-founder and chief executive officer of CrowdStrike. “CrowdStrike will be setting a new standard for endpoint-based data protection by connecting Zero Trust enforcement to the device, the user identity and, with this acquisition, the data users are accessing and using.”
Jeff Capone, chief executive officer at SecureCircle said, “We are excited to join the CrowdStrike family, and integrate SecureCircle’s revolutionary data protection solutions with the industry leader in cloud-delivered endpoint protection. The endpoint in today’s enterprise is everything, and coupling our cloud-native approach to protecting sensitive data with CrowdStrike’s industry leading Zero Trust endpoint security will enable customers to enforce Zero Trust on the endpoint across all levels.”