CrowdStrike to Buy AppSec Startup Bionic for Reported $350M
CrowdStrike plans to purchase a Silicon Valley application security startup founded by two Israel Defense Forces veterans in a bid to expand risk visibility and protection across entire cloud computing environments. The Austin, Texas-based endpoint security titan said its proposed acquisition of Palo Alto-based application security posture management firm Bionic will offer visibility into application behavior and prioritize vulnerability remediation for server-based and serverless infrastructure. CrowdStrike said the deal expands its security umbrella from cloud infrastructure into the applications and services running inside the cloud. "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," CrowdStrike co-founder and CEO George Kurtz said. "We are delivering what customers need: modern protection to address cloud security risk comprehensively, through one unified platform." Terms of the acquisition weren't disclosed, though both The Information and Calcalist reported that CrowdStrike will pay $350 million to buy Bionic.