CrowdStrike, a major American cyber security firm, is planning on spending as much as $2 billion in the acquisition of one or more Israeli firms. A report in Globes said that the name of the Israeli company in play will be revealed soon.
Israel Startup Nation is probably best known for its cyber security companies. It was the success of cyber security firm Check Point back in the 90s that played a large role in the establishment of the Startup Nation phenomenon. And many of Israel’s top computer people today served in one of the IDF’s vaunted cyber security units.
Founded in 2011 and with a market cap of $39 billion, CrowdStrike cyber security boasts that it has redefined modern security with one of the world’s “most advanced cloud-native platforms for protecting critical areas of enterprise risk – endpoints and cloud workloads, identity and data.”
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Powered by the CrowdStrike Security Cloud, 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.
The world has been rocked by many hacking and spyware problems in recent years. Just a few years ago Sony pictures was humiliated by hackers who revealed publicly numerous private corporate e-mails. The e mils included a lot of unflattering talk about famous actors and other celebrities.
And how often have you heard about spyware and ransomware attacks crippling businesses and even public services? These attacks lock out users from their own systems. Sometimes this is done for money and control of the system is returned to its owners once the ransom has been paid. And even Israeli firms have fallen victim to these kinds of attacks.
So it makes sense that in spite of the current financial downturn that has seen a number of Israel Startup Nation firms make cuts recently, there is still interest in investing such huge sums in cyber security.