CrowdStrike, a leader in cloud-delivered endpoint and cloud workload protection, announced it has completed its acquisition of Humio, a leading provider of high-performance cloud log management and observability technology.
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“We are excited to welcome the Humio team to CrowdStrike as we join forces to stop breaches, advance our Security Cloud, and extend our ability to address non-security use cases,” said George Kurtz, co-founder and chief executive officer of CrowdStrike. “Humio will enhance CrowdStrike’s ability to solve real-world customer problems with its cloud-native platform by adding index-free data ingestion and analysis capabilities for both first- and third-party data. With the acquisition of Humio, we are accelerating our XDR capabilities to cloud speed, re-defining the industry standard for modern XDR.”
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Humio co-founder and CEO, Geeta Schmidt, co-founder and CTO, Kresten Krab Thorup, and co-founder and chief engineer, Christian Hvitved, are among the key staff joining CrowdStrike. CrowdStrike paid approximately $352 million in cash (net of cash acquired) and $40 million in stock and options, subject to vesting conditions, to acquire Humio.
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