CrowdStrike To Acquire XDR Company Humio For $400M

CrowdStrike Holdings, Inc. (NASDAQ: CRWD) is set to acquire cloud log management and observability technology provider Humio for $400 million to expand its eXtended Detection and Response (XDR) capabilities.
"The combination of real-time analytics and smart filtering built into CrowdStrike's proprietary Threat Graph and Humio's blazing-fast log management and index-free data ingestion dramatically accelerates our XDR capabilities beyond anything the market has seen to date," said CrowdStrike CEO George Kurtz.
"CrowdStrike's Security Cloud is the ideal platform to extend Humio's technology and reach while continuing our mission to empower customers to make data-rich decisions," said Humio CEO Geeta Schmidt.
CrowdStrike had raised $740.6 million in a senior note offering last month for general corporate requirements.
Price action: CRWD shares are down 2.06% at $233.64 on the last check Thursday.

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