Cooley LLP and Horten advised the owners of Humio, while Davis Polk advised CrowdStrike Holdings on the deal.
CrowdStrike Holdings, Inc, a leader in cloud-delivered endpoint and cloud workload protection, has agreed to acquire Humio, a leading provider of high-performance cloud log management and observability technology.
Under the terms of the agreement, CrowdStrike will pay approximately $400 million to acquire Humio, subject to adjustments. The acquisition is expected to close during CrowdStrike’s fiscal first quarter, subject to customary closing conditions.
CrowdStrike delivers the industry’s most comprehensive security solution for protecting endpoints and workloads, processing 5 trillion security-related events per week with its pioneering Threat Graph™ technology. With this acquisition, CrowdStrike will further expand its eXtended Detection and Response (XDR) capabilities by ingesting and correlating data from any log, application or feed to deliver actionable insights and real-time protection.
Together, Humio and CrowdStrike deliver an enterprise-grade solution that finally addresses the challenge of operationalizing massive and ever-growing volumes of event and log data, empowering organizations to collect, observe, analyze and act on all structured and unstructured data in their environment.
Humio’s market-leading, innovative technology delivers the proven efficacy, powerful features, usability and speed required by the most demanding customer environments.
CrowdStrike provides cloud-delivered endpoint and workload protection. Leveraging artificial intelligence (AI), the CrowdStrike Falcon platform protects customers against cyberattacks on endpoints and workloads on or off the network by offering visibility and protection across the enterprise.
The Horten team consisted of Christian Tullberg, Henrik Stig Lauritsen, Thomas Francis Beckett (Picture), Asger Heine Jensen and Jonas Enkegård.
The Davis Polk corporate team included partners Alan F. Denenberg and Emily Roberts and associates Dmitriy Molchanov and Paula Gergen. The executive compensation team included partner Veronica M. Wissel and associate Kathleen Ginder. Counsel Matthew J. Bacal and associate Jay Frankel provided intellectual property advice. The tax team included partners William A. Curran. Partner Will Pearce provided U.K. law advice.
The Cooley LLP included Ben Shribman, Ian Nussbaum and Ryan Naftulin. Paula Holland, James Rosenthal, Sae Yun, Tom Mcginn, Eileen Marshall, David Dalton, Amy Collins, Samuel Marriott, Mary Maher Lewis and Natasha Kaye.
Involved fees earner: Amy Collins – Cooley LLP; David Dalton – Cooley LLP; Paula Holland – Cooley LLP; Natasha Kaye – Cooley LLP; Mary Maher Lewis – Cooley LLP; Samuel Marriott – Cooley LLP; Eileen Marshall – Cooley LLP; Tom McGinn – Cooley LLP; Ryan Naftulin – Cooley LLP; Ian Nussbaum – Cooley LLP; James Rosenthal – Cooley LLP; Ben Shribman – Cooley LLP; Sae Yun – Cooley LLP; Matthew Bacal – Davis Polk & Wardwell; William Curran – Davis Polk & Wardwell; Alan Denenberg – Davis Polk & Wardwell; Jay Frankel – Davis Polk & Wardwell; Paula Gergen – Davis Polk & Wardwell; Kathleen Ginder – Davis Polk & Wardwell; Dmitriy Molchanov – Davis Polk & Wardwell; Will Pearce – Davis Polk & Wardwell; Emily Roberts – Davis Polk & Wardwell; Veronica Wissel – Davis Polk & Wardwell; Thomas Francis Beckett – Horten; Jonas Enkegaard – Horten; Asger Heine Jensen – Horten; Henrik Stig Lauritsen – Horten; Christian Tullberg – Horten;