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Investor Alert

Sept. 23, 2020, 5:02 p.m. EDT

CrowdStrike to acquire Preempt Security for $96 million

CrowdStrike Holdings Inc. (NAS:CRWD) said late Wednesday it agreed to acquire Preempt Security for $96 million. CrowdStrike said Preempt is a leader in Zero Trust security technology, or the practice of treating all network traffic as a threat until it’s verified as safe, which will add “enhanced” Zero Trust capabilities to the company’s Falcon security platform. The deal, which involves $86 million cash and $10 million in CrowdStrike stock, is expected to close in the third fiscal quarter. CrowdStrike shares declined 0.2% after hours, following a 2.9% decline in the regular session to close at $138.60. CrowdStrike shares are up 178% for the year, compared with a 0.2% gain on the S&P 500 index (S&P:SPX) .

Link to MarketWatch's Slice.