No Deal: Action1 Rebuffs CrowdStrike's Interest in $1B Buy
BankInfoSecurity
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Contributed by: Drex DeFord
Summary
Action1, a patch management and vulnerability remediation startup, has declined a $1 billion acquisition offer from CrowdStrike to remain independent. Co-founder and President Mike Walters believes that staying independent allows the company to capitalize on its unique technology and dedication to patch management, projecting that Action1 can grow into a multibillion-dollar business. The founders' previous success with Netwrix and the company's financial independence contribute to this decision, allowing them to prioritize long-term growth. Customer sentiment also played a role, with many expressing concerns that an acquisition might negatively impact Action1's existing offerings.
