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Press Release | Media on CrowdStrike
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CROWDSTRIKE TO ACQUIRE BIONIC TO EXTEND CLOUD SECURITY LEADERSHIP WITH
INDUSTRY’S MOST COMPLETE CODE-TO-RUNTIME CYBERSECURITY PLATFORM

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

AUSTIN, Texas and Fal.Con 2023, LAS VEGAS – September 19, 2023 – CrowdStrike
(Nasdaq: CRWD), today announced it has agreed to acquire Bionic, the pioneer of
Application Security Posture Management (ASPM). 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.

Announced at the industry’s marquee cybersecurity conference, CrowdStrike
Fal.Con 2023, the signing of the deal comes on the heels of CrowdStrike’s Q2
FY24 financial results, in which the company delivered a record quarter for its
fast-growing cloud security business. In addition, ending ARR as of July 31,
2023 for CrowdStrike modules deployed in the public cloud grew to $296 million,
up 70 percent year-over-year – larger than almost every cloud security vendor.

“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.”

The Battle to Stop Breaches Moves to the Cloud
According to the CrowdStrike 2023 Global Threat Report, cloud exploitations
increased by 95% and the number of cloud-conscious threat actors increased more
than 3x in the last year. At the same time, the growth of cloud computing, the
speed of DevOps, and the increased use of no and low code development platforms
has led to an explosion of applications and microservices running within cloud
environments. The speed and dynamic nature of application development makes it
nearly impossible for organizations to maintain a full picture of every
application and their dependencies running their environment, or the
microservices interacting with cloud infrastructure. This creates a massive risk
profile that cloud-savvy adversaries continually look to exploit.

Bionic will extend the Falcon platform’s unique agent and agentless protection
of cloud infrastructure with unprecedented visibility into application behavior
and vulnerability prioritization for both server-based and serverless
infrastructure, without disrupting the development process. Key capabilities of
Bionic include:

 * Real-time, frictionless application visibility: Discover and map all
   application services, databases, microservices, third-parties, APIs, and data
   flows across cloud service providers and both hybrid and on-premise
   application deployments via an agentless approach. Applications are
   automatically deconstructed while seamlessly integrating with CI/CD
   pipelines, removing the requirement for sensitive source code access.
 * Instantly prioritize application-level vulnerabilities: Eliminate up to 95%
   of vulnerability noise and prioritize the top business-critical risks that
   can be exploited in production applications, so teams know what to fix first
   based on business impact.
 * Complete visibility for serverless infrastructure: Reduce risk with
   vulnerability scanning for serverless infrastructure, such as Azure Functions
   and AWS Lambda.

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.”

CrowdStrike customers and partners attending Fal.Con 2023 can see Bionic ASPM in
action by visiting the CrowdStrike demo booth, and during the keynote session
and the investor briefing at Fal.Con, both on Wednesday, September 20th.

Transaction Details

The purchase price will be paid predominantly in cash, with a portion delivered
in the form of stock and options subject to vesting conditions. The proposed
acquisition is expected to close during CrowdStrike’s fiscal third quarter,
subject to customary closing conditions.

Forward-Looking Statements

This press release contains forward-looking statements that involve risks and
uncertainties, including statements regarding the benefits of the acquisition to
CrowdStrike and its customers, and the closing of the acquisition. You should
not place undue reliance on these forward-looking statements, as actual outcomes
and results may differ materially from those contemplated as a result of risks
and uncertainties. There are a number of factors that could cause actual results
to differ materially from statements made in this press release, including the
satisfaction of conditions to closing the acquisition, CrowdStrike’s ability to
integrate Bionic’s technology and operations, and other risks described in
CrowdStrike’s most recent Form 10-Q filed with the Securities and Exchange
Commission. All forward-looking statements in this press release are based on
information available to CrowdStrike as of the date hereof, and CrowdStrike does
not assume any obligation to update any of these forward-looking statements to
reflect events that occur or circumstances that exist after the date on which
they were made.

About CrowdStrike
CrowdStrike (Nasdaq: CRWD), a global cybersecurity leader, has redefined modern
security with the world’s most advanced cloud-native platform for protecting
critical areas of enterprise risk – endpoints and cloud workloads, identity and
data.

Powered by the CrowdStrike Security Cloud and world-class AI, the CrowdStrike
Falcon® platform leverages real-time indicators of attack, threat intelligence,
evolving adversary tradecraft and enriched telemetry from across the enterprise
to deliver hyper-accurate detections, automated protection and remediation,
elite threat hunting and prioritized observability of vulnerabilities.

Purpose-built in the cloud with a single lightweight-agent architecture, the
Falcon platform delivers rapid and scalable deployment, superior protection and
performance, reduced complexity and immediate time-to-value.

CrowdStrike: We stop breaches.

Learn more: https://www.crowdstrike.com/
Follow us: Blog | Twitter | LinkedIn | Facebook | Instagram
Start a free trial today: https://www.crowdstrike.com/free-trial-guide/

© 2023 CrowdStrike, Inc. All rights reserved. CrowdStrike, the falcon logo,
CrowdStrike Falcon and CrowdStrike Threat Graph are marks owned by CrowdStrike,
Inc. and registered with the United States Patent and Trademark Office, and in
other countries. CrowdStrike owns other trademarks and service marks, and may
use the brands of third parties to identify their products and services.

Press Contact:
Kevin Benacci
CrowdStrike Corporate Communications
press@crowdstrike.com

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