Cybersecurity giant CrowdStrike on Wednesday announced plans to acquire Israel-based SaaS security company Adaptive Shield.
Adaptive Shield provides comprehensive SaaS security posture management, enabling organizations to gain full visibility into misconfigurations, human and non-human identities, and data exposures across over 150 applications.
The company also provides continuous monitoring of gen-AI SaaS applications, enabling customers to enforce security standards, control AI settings to prevent data leakage, and identify shadow AI applications.
CrowdStrike plans on integrating Adaptive Shield technology into its Falcon platform.
“The powerful combination of Adaptive Shield and CrowdStrike Falcon Identity Protection will provide customers with comprehensive identity protection across SaaS, on-premises Active Directory and cloud-based environments (Okta and Microsoft Entra ID),” CrowdStrike said.
“CrowdStrike Falcon Cloud Security customers will also gain unified visibility and protection across the entire modern cloud estate – infrastructure, custom applications, data, AI models and SaaS applications – all from the same unified console and workflow,” it added.
Adaptive Shield is already integrated with Falcon Next-Gen SIEM, providing rapid detection and response capabilities across endpoints, identities, workloads and applications.
CrowdStrike said the purchase price will be paid mostly in cash, with the transaction expected to close in the fourth fiscal quarter. Other financial terms have not been disclosed, but Israeli media reported that it’s a $300 million deal.
Prior to its acquisition by CrowdStrike, Adaptive Shield, which emerged from stealth in 2020, raised $44 million in funding, including $10 million in 2023.
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