CrowdStrike has reached an agreement to purchase Bionic for an undisclosed sum. The company announced the acquisition at its Fal.Con 2023 conference, which takes place September 18-21 in Las Vegas, Nevada.
Financial terms of the transaction were not disclosed. The acquisition is expected to close during CrowdStrike's fiscal third quarter.
This is technology M&A deal number 259 that MSSP Alert and sister site ChannelE2E have covered so far in 2023.
CrowdStrike, founded in 2011, is based in Austin, Texas. The company has 7,326 employees listed on LinkedIn. CrowdStrike's areas of expertise include cloud security, endpoint security and identity protection.
Bionic, founded in 2019, is based in Palo Alto, California. The company has 146 employees listed on LinkedIn. Bionic specializes in application security posture management (ASPM).
CrowdStrike Elevates Cloud Platform
With Bionic, CrowdStrike becomes the first cybersecurity company to deliver code-to-runtime cloud security from one unified platform, the companies said.
CrowdStrike CNAPP users can use Bionic's ASPM capabilities to get visibility into risks across their cloud estate, the businesses noted.
In addition, Bionic provides CrowdStrike Falcon platform users with visibility into application behavior and vulnerability prioritization across their cloud infrastructure, the companies indicated.
CrowdStrike also said it plans to offer the Bionic ASPM platform as an independent offering and integrate it into its Falcon Cloud Security solution.
Bionic Delivers Real-Time Application Visibility
Organizations can use Bionic ASPM to discover and map all application services, databases, microservices, third-parties, APIs and data flows across their cloud services providers and hybrid and on-premise application deployments, CrowdStrike said. Bionic ASPM automatically deconstructs applications and integrates them with continuous integration/continuous delivery (CI/CD) pipelines.
Furthermore, Bionic ASPM helps organizations prioritize critical risks that can be exploited in production applications, CrowdStrike stated. It also provides vulnerability scanning to help organizations identify risks across serverless infrastructure.
CrowdStrike Announces No-Code App Platform
Along with acquiring Bionic, CrowdStrike launched Falcon Foundry, a no-code application development platform for the cybersecurity industry, at Fal.Con 2023.
Foundry lets CrowdStrike customers and partners use Falcon to create their own custom applications, the business said. These apps can access data and threat intelligence from Falcon, and users can easily add and store third-party data via APIs and other sources. That way, Falcon users can develop apps to address a wide range of security and IT challenges.
Previously, CrowdStrike at Fal.Con 2023 introduced its Accelerate partner program and the CrowdStrike Marketplace. CrowdStrike continues to explore ways to bolster its portfolio and engage with MSSPs, MSPs and other technology providers.
