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August 22, 2024

CrowdStrike Exec: Alleged M&A Process With Action1 ‘Never Happened’

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Contributed by: Drex DeFord
Summary
CrowdStrike executive Gur Talpaz has dismissed claims that the cybersecurity firm is planning to acquire patch management company Action1 for nearly $1 billion, calling these reports "outrageous." Despite a single, brief meeting between the two companies following the RSA Conference, Talpaz clarified that no senior CrowdStrike leaders were involved, no non-disclosure agreements were signed, and discussions did not progress beyond a surface level. Action1 issued a statement confirming multiple acquisition inquiries but emphasized its decision to remain independent. These claims emerge amid CrowdStrike's reputational challenges following a defective update that caused significant disruptions, including a costly outage for Delta Airlines. CrowdStrike is now committing to more rigorous testing and staged updates to prevent future issues.

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