CrowdStrike plans to acquire SGNL for $740 million to enhance its identity security capabilities, focusing on real-time access control for various identities. This move aims to address the growing market demand, with the identity security market projected to nearly double by 2029. #CrowdStrike #SGNL #IdentitySecurity #AI #CybersecurityMergers
Keypoints
- CrowdStrike is acquiring SGNL to improve its identity security solutions.
- The deal is valued at $740 million and will be paid mainly in cash.
- SGNL offers an “identity-first” security platform that eliminates static credentials.
- The acquisition will enable real-time access control for human, non-human, and AI identities.
- The identity security market is expected to grow from $29 billion in 2025 to $56 billion by 2029.
Read More: https://www.securityweek.com/crowdstrike-to-buy-identity-security-firm-sgnl-for-740-million-in-cash/