10/3/2023 0 Comments Strike hard strike first‘A Crisis In Trust Around Microsoft Technologies’ĬrowdStrike has become one of Microsoft’s most vocal security critics, with Kurtz blasting “systemic weaknesses in the Windows authentication architecture” for exacerbating the impact of the SolarWinds hack during written and oral testimony before the U.S. And as of press time, CrowdStrike is worth $59.43 billion, making it the most highly valued pure-play vendor in all of cybersecurity. That trails only Trend Micro, according to research firm IDC. Seventy-five percent of its sales come through the channel.ĬrowdStrike substantially increased its market share in 2020 to become the world’s second-largest corporate endpoint security vendor, capturing 9.2 percent of the $8.2 billion market. And the customer wins keep on rolling in this year, with revenue expected to jump 56 percent to $1.36 billion. It was the fastest-growing public company in all of cybersecurity in 2020, with sales surging 82 percent to $874.4 million. BlackBerry and VMware Carbon Black did not respond to a request for comment.ĬrowdStrike went public in June 2019 at a then-industry record $6.6 billion valuation. And let’s have investors that understand this is a long play.’ We saw the big play of being the Salesforce of security.”Įlastic told CRN that Endgame’s product combined anti-virus with endpoint detection and response. “But for me, it was all about, ‘Let’s build the platform the right way. They were one-trick ponies that built a slightly better AV product than the legacy players that were out there,” Kurtz told CRN in an exclusive interview in July. But most of those challengers cashed in their chips in 2019, with Carbon Black, Cylance and Endgame getting bought by VMware, BlackBerry and Elastic, respectively, for a combined $3.7 billion. A slew of startups, including CrowdStrike, emerged in the 2000s and early 2010s to take on weaknesses in Symantec’s and McAfee’s anti-virus products with a modern approach that’s predictive, signature-less and goes beyond prevention. Kurtz’s confidence also comes in part from CrowdStrike’s ability to outlast many of its early foes. And in Gartner’s 2021 Magic Quadrant for Endpoint Protection Platforms, CrowdStrike, along with Microsoft, earned the highest ratings by a significant margin. The Sunnyvale, Calif.-based company’s Falcon platform beat out 11 competitors to take the crown as Forrester’s top endpoint security SaaS product this year. “When you look at our success, we’ve got the financial success and the performance, but that starts with having the best technology and the best platform, not just the best AV product,” said Kurtz, who’s ranked as the ninth most influential leader on CRN’s 2021 Top 100 Executives list.ĬrowdStrike’s technology earns kudos from industry analysts as well. With wins like that under his belt, it’s no wonder CrowdStrike co-founder, President and CEO George Kurtz is confident in the company’s technology, pulling no punches whether he’s fighting off hackers with his company’s elite endpoint protection platform or taking on rivals like Microsoft and SentinelOne by calling out where he says they fall short. “Microsoft will come in and give you a price that makes you go, ‘Wow, is CrowdStrike really that much better?’ Well, yeah, it actually is,” Jones told CRN. BlackLake Security was about to initiate a three-year CrowdStrike subscription renewal for an oil-and-gas customer when it received shocking news: The customer had been wooed by lower pricing and was switching to Microsoft.īut BlackLake founder and CEO Mark Jones knew the customer didn’t fully understand how much functionality and performance it would be giving up if it made the change, so he convinced the customer, which Jones declined to name, to take a call with BlackLake and CrowdStrike to let them lay out all the ways CrowdStrike’s technology beats Microsoft’s.ĬrowdStrike’s engineer didn’t even make it halfway through the presentation before the customer changed its mind and decided to renew, Jones said.
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