CrowdStrike Holdings has agreed to acquire Preempt Security in a cash-stock deal valued at $96 million. Under the terms of the transaction, the cloud-based cybersecurity provider would pay approximately $86 million in cash and the remaining $10 million in its common stocks. The company expects the acquisition to be completed during its third-quarter fiscal 2021.With the acquisition, CrowdStrike (CRWD) expects to offer enhanced Zero Trust security capabilities. Moreover, the company plans to strengthen its Falcon platform. Founded in 2014, Preempt is the first cybersecurity firm to offer “Zero Trust and Conditional Access solution for continuously detecting and preempting threats based …read more
Source:: Yahoo Finance
