Cybersecurity giant Crowdstrike acquires Reposify

Global cybersecurity firm Crowdstrike has announced that they have acquired Reposify for an undisclosed amount. 

Terms of the deal were not disclosed, but the publicly traded CrowdStrike said in a press release that it will pay predominantly cash for Reposify, with a portion delivered in the form of stock and options. The transaction is expected to close in CrowdStrike’s third quarter, which ends on 31st October.

According to the company's statement, Reposify was singled out for its ability to "scan the internet for exposed assets of an organisation to detect and eliminate risk from vulnerable and unknown assets before attackers can exploit them."

“Fortifying security posture and reducing enterprise risk are top priorities for organisations. Traditional risk models take an inside-out approach, which doesn’t always account for how a threat actor may view the external attack surface. Reposify’s technology delivers an outside-in perspective of an organization’s global external risk, providing deep visibility into what connected devices are vulnerable and most likely to be targeted," said George Kurtz, Co-founder and Chief Executive Officer of CrowdStrike.

Reposify was founded in 2017 by Yaron Tal and it raised $8.5 million in seed money last December. It has employed twenty people going into 2022. The startup’s technology will enhance Crowdstrike's own threat-intelligence suite as well as its security and IT operations product suite.

“We built Reposify to enable organizations on a global scale to have visibility into the unprotected assets from the vantage point of attackers, and look forward to integrating our groundbreaking technology into the world-class CrowdStrike Falcon platform,” said Tal.

CrowdStrike’s latest move comes nearly 11 months after it moved to acquire another security startup, SecureCircle, in a transaction intended to extend the company’s Zero Trust endpoint security device and identity capabilities to include data. Same as with Reposify, this was an undisclosed deal.