Cloud-based security company CrowdStrike will acquire identity (ID) management startup SGNL for $740 million, CNBC reported on Wednesday.
CrowdStrike said the acquisition will allow users of its Falcon cloud security platform to manage access requests from people and AI more effectively.
The transaction is expected to close in the first quarter of fiscal 2027. CrowdStrike CEO George Kurtz stressed that the acquisition was an opportunity to innovate in the identity market while providing strong protection for customers.
Industry sources say the strategic value of identity security is rising as AI-based cyber attacks become more sophisticated.
SGNL was founded in 2021 by Scott Kriz and Eric Gustafson and also received investment from Microsoft and Cisco. Kurtz said the goal was to secure a successful team and innovative technology so customers can consolidate security around CrowdStrike.
CrowdStrike rival Palo Alto Networks acquired Israeli identity security startup CyberArk for $25 billion last year.
Chi-gyu Hwang
delight@d-today.co.kr