NEWS ANALYSIS: The strategic positioning to own and control the massive data lakes powering enterprise security programs took another expensive turn with CrowdStrike announcing it would shell out $400 million to buy early-stage log analytics start-up Humio.
The $400 million cash-and-equity deal represents a massive exit for Humio, a company that raised just $32 million in two funding rounds led by Dell Technologies Capital. Humio has about 70 employees in the U.S., London and Denmark and has found a niche as an affordable -- but powerful -- alternative to bigger vendors in the lucrative log analytics space.
The CrowdStrike/Humio marriage signals a continuation of the trend by anti-malware vendors to beef up data logging and indexing capabilities to cash in on “proactively-collect-and-store-everything” policies at larger enterprises.
Elastic (the company behind ElasticSearch and Elastic Stack) kicked off the push with the 2019 acquisition of Endgame ($234 million price tag) and SentinelOne followed up earlier this month with its $155 million purchase of Scalyr.
That’s $789 million in just three deals combining anti-malware capabilities with the always-on log analytics tools required to parse through terabytes of data per data to find signs of malware and other malicious activities.
[PREVIOUSLY: Microsoft's 10 Billion Cybersecurity Business]
Yet, that figure is peanuts compared to the $10 billion a year figure floated by Microsoft as its cybersecurity-specific revenue haul or the $3.5 billion that Palo Alto Networks rakes in from its security product l ..
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