Posted by Sunnyvale, USA: Cyber technology company CrowdStrike has completed the acquisition of SecureCircle. For CrowdStike, the SecureCircle buyout is one of the key buyouts in recent times, particularly in the data loss prevention (DLP) space.
It aims to combine the capabilities of next-generation data protection with SecureCircle technology to disrupt the legacy DLP market.
The SecureCircle buyout
SecureCricle is a SaaS-based cybersecurity service that extends Zero Trust security to data on, from and to the endpoint. It has a patented Data Access Security Broker (DASB) technology.
The DASB technology helps organisations to control and protect their data. And provides visibility of data from internal and external threats, irrespective of where the data is stored or its formats.
Major plans with SecureCircle buyout
Interestingly, the Sunnyvale based cybersecurity technology has major plans to modernize data protection with the SecureCircle buyout, leveraging its technology.
“With SecureCircle’s technology, CrowdStrike plans to modernize data protection and enable customers to secure data on, from, and to the endpoint,” said George Kurtz, Co-Founder and CEO – CrowdStrike.
It strengthens CrowdStrke’s overall security and protection offerings giving some edge over its competitors in the enterprise DLP segment that includes Forcepoint, McAfee, Symantec, Teramind and others.
DLP market and growth
The global Data Loss Prevention (DLP) market will grow from $2.1 billion in 2020 to $6 billion by 2026 at a CAGR of 19% as per Global Industry Analysts Inc., (GIA) study estimates.
The network DLP solutions segment is expected to grow at a CAGR of 17.9%, touching over $3.1 billion by 2026 end. The storage/ datacentre DLP solutions segment is expected to grow at 19.5% CAGR for the next 7-year period.
While the company claims to natively enforce Zero Trust protection both at the device and identity layer, the newly acquired SecureCircle technology further expands CrowStrike Falcon’s capabilities.
Data Protection – a complex problem
Citing ‘data protection as a ‘complex problem’ for customers, Kurtz explained, “Integrating SecurCircle’s technology will allow us to address a complex problem that we consistently hear about from our customers, data protection.”
This technology integration will offer a simple solution to customers according to Kurtz. “By enforcing frictionless Zero Trust control at multiple levels, all delivered through CrowdStrike’s lightweight Falcon agent on the endpoint,” he added.
With SecurCircle technology, CrowdStrike Falcon can enforce Zero Trust at the data layer through an offering. For organisations, this deployment offering is frictionless, easy to manage and highly effective, without having any impact on the way users work.
SecureCircle Co-Founder and CEO, Jeff Capone along with Co-Founder and CTO, Artem Tsai, are among the key staff joining CrowdStrike.