Bionic, a pioneering provider of Application Security Posture Management (ASPM) solutions, is celebrating a significant development as it becomes an integral part of CrowdStrike’s talented team. The acquisition of Bionic by CrowdStrike, a leading cybersecurity solutions company, has been completed for an undisclosed amount, believed to consist mostly of cash with a portion in stock, totaling an estimated $340 million.
This strategic move will see CrowdStrike incorporate Bionic’s ASPM technology into its in-house Cloud Native Application Protection Platform (CNAPP), bolstering its capabilities in risk visibility and cloud estate protection.
The announcement of this acquisition took place during CrowdStrike’s Falcon Conference 2023, which coincided with the release of its latest financial results. According to CrowdStrike’s 2023 Global Threat Report, incidents of cloud exploitations have surged threefold in the past year, and this trend is expected to continue its exponential growth in the coming years. As threat actors leverage AI-based tools to become more sophisticated, the threat landscape could become even more alarming by 2025.
Despite these escalating threats, the adoption of cloud computing remains steadfast in both corporate and public IT environments. The advantages of cloud computing far outweigh the drawbacks.
With Bionic’s technology, which includes both agent and agentless protection solutions for cloud infrastructure, CrowdStrike’s customers will gain real-time, frictionless application visibility. They will be able to swiftly prioritize vulnerabilities at the application level and enjoy comprehensive visibility into serverless infrastructure. This strategic integration positions CrowdStrike to effectively address the evolving cybersecurity challenges posed by the rapid growth of cloud-based technologies.