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CrowdStrike Holdings 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™ 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.
Setting a New Standard for XDR
Existing security providers are unable to deliver the concise, contextual insights their customers need to realize the true promise of XDR. Without key technological advances -- such as CrowdStrike’s cloud-scale AI running on a purpose-built graph database, and patented smart-filtering technology that reduces ingestion of unneeded, irrelevant data -- customers are left with large, complex data sets that lack context and hide the important insights security teams require.
Joining forces with Humio’s best-in-class data ingestion and analytics platform will enable CrowdStrike to provide deep, contextual index-free XDR at a speed and scale that no other vendor can match. As a pioneer in the cybersecurity industry, CrowdStrike’s decade-long leadership in EDR and XDR is rooted in combining endpoint events with network visibility, account and identity insights, and massive telemetry from all workloads, regardless of where they are -- on premise, in the cloud or even deployed in a container. Humio’s native ability to ingest and analyze both unstructured and semi-structured data will enhance how the CrowdStrike platform addresses enterprise IT challenges, including those within the increasingly sophisticated DevOps and DevSecOps environments.
Together, Humio and CrowdStrike deliver an enterprise-grade solution that finally addresses the challenge of operationalizing massive and ever-growing volumes of event and log data, empowering organizations to collect, observe, analyze and act on all structured and unstructured data in their environment.
“We conducted a thorough market review of existing solutions and were amazed by Humio’s mature technology architecture and proven ability to deliver at scale,” said George Kurtz, co-founder and chief executive officer of CrowdStrike. “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.”
“We are thrilled to join CrowdStrike, the company that is leading the security industry with its cloud-native data platform, designed to support customers in establishing more mature and reliable security programs. 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 Geeta Schmidt, chief executive officer and co-founder at Humio.
