US cybersecurity company CrowdStrike Holdings has entered an agreement to acquire UK-based cloud log management firm Humio for around $400m.

The deal is aimed at expanding Crowdstrike’s ability to ingest and correlate data from logs, feeds and applications to spot potential cyber threats.

It is expected to close in CrowdStrike’s fiscal first quarter, subject to customary closing conditions.

CrowdStrike provides endpoint and cloud workload protection to thousands of customers globally. The company said it would integrate Humio’s technology into its eXtended Detection and Response capabilities.

Founded in 2016, Humio provides analytics software that can comb through unstructured and sem-structured data.

“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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“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.”

In its most recent reported quarter, ended 31 October, the Californian firm added 1,186 net new subscription customers. Annual recuring revenue totalled $907m.

London-headquartered Humio has previously raised $32m in funding.

Geeta Schmidt, chief executive officer and co-founder at Humio, said:

“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.”

Crowdstrike was one of the cybersecurity vendors that tied the 2016 hack of the Democratic National Committee to Russian intelligent services.

It listed on the tech-heavy NASDAQ exchange in June 2019. Since going public its shares have increased in value by 264%.


Read more:  Subscription rise fuels CrowdStrike Q2 revenue beat