Cloud security leader to acquire ASPM pioneer to deliver the most comprehensive view of cloud risk, from code development through runtime, in a unified platform
It looks like it is a time for consolidation and M&A season for cyber security industry after Cisco’s announcement Splunk acquisition, CrowdStrike sets its eyes on Bionic. Bionic is the pioneer of Application Security Posture Management (ASPM). It is believed that the combination will extend CrowdStrike’s leading Cloud Native Application Protection Platform (CNAPP) with ASPM to deliver comprehensive risk visibility and protection across the entire cloud estate, from cloud infrastructure to the applications and services running inside of them. As a result, CrowdStrike will be the first cybersecurity company to deliver complete code-to-runtime cloud security from one unified platform.
The announcement came at CrowdStrike Fal.Con 2023, where the company also announced its Q2 FY24 financial results that reveals the record quarter for its fast-growing cloud security business.
“The cloud is cybersecurity’s new battleground, yet the industry’s answer to-date has been disjointed point security tools or ‘platforms’ with multiple consoles and agents.”George Kurtz, co-founder and chief executive officer at CrowdStrike.
“The cloud is cybersecurity’s new battleground, yet the industry’s answer to-date has been disjointed point security tools or ‘platforms’ with multiple consoles and agents,” said George Kurtz, co-founder and chief executive officer at CrowdStrike. “We are delivering what customers need: modern protection to address cloud security risk comprehensively, through one unified platform. We pioneered cybersecurity for the cloud era, and the addition of Bionic further extends our cloud security leadership on our mission of stopping breaches. Bionic shares our passion for customer-focused innovation and will make a great addition to the CrowdStrike team.”
CrowdStrike plans to offer Bionic ASPM as an independent offering and fully integrated as a capability of Falcon Cloud Security, part of the AI-powered CrowdStrike Falcon platform. Together, customers will gain comprehensive cloud security, spanning Cloud Workload Protection (CWP), Cloud Security Posture Management (CSPM), Cloud Infrastructure Entitlement Management (CIEM) and now ASPM.
“Bionic was founded on the core premise that when it comes to application risk, you can’t protect what you can’t see. We have built a ‘Google Maps for your Apps’, delivering a complete picture of application security risk in a truly frictionless way that does not interfere with the development process,” said Idan Ninyo, chief executive officer at Bionic. “CrowdStrike has taken the mantle as the modern cybersecurity platform of choice and the company to beat in the cloud security market. Its strength and scale as a market leader and innovator will help us dramatically accelerate the adoption of ASPM by every business and organization on the planet.”