CrowdStrike to Expand Its Cybersecurity Platform -- Again

The high-growth cybersecurity specialist CrowdStrike Holdings (NASDAQ: CRWD) announced this week that it agreed to acquire Preempt Security for $96 million in (mostly) cash and stock, which will enhance its platform with identity security capabilities. Here's why shareholders should welcome that move.

CrowdStrike has made some significant strides in the cybersecurity environment over the last few years with revenue growing from $52.7 million in fiscal 2017 (ending on Jan. 31) to $654.3 million over the last 12 months.

The company's innovative cloud-native and easy-to-use endpoint protection solution explains a part of that impressive performance. Users just need to have a light piece of software installed on their devices to leverage CrowdStrike's cloud-based threat intelligence and remain protected. 

Continue reading

Source Fool.com