CrowdStrike (CRWD) gains on DELL partnership

Shares of CrowdStrike Holdings (NASDAQ: CRWD) jumped 2.15% in early trading on Monday after the tech company announced that they have entered into a new strategic alliance with Dell Technologies (NYSE: DELL). The alliance was formed to help organizations prevent, detect and respond to cyber threats with frictionless and cost-effective offerings, and entails targeted offerings for businesses of all sizes.

“Dell’s selection of CrowdStrike for customers of all sizes illustrates cybersecurity’s criticality in today’s digital world,” said Daniel Bernard, chief business officer at CrowdStrike. “The CrowdStrike and Dell collaboration provides significant market access, expediting consolidation from legacy and point products to cybersecurity’s leading modern platform. Together, Dell and CrowdStrike make cyber defense frictionless, automated and cost effective – all while delivering on our mission of stopping breaches.”

“Today's complex threat landscape calls for a collaborative approach that brings together industry-leading technologies and world-class teams to build the strongest defense for our customers,” said Sam Burd, president, Client Solutions Group at Dell. “Our work with CrowdStrike is the latest example of how we’re helping organizations stay ahead of threats. As our strategic collaboration continues, the fundamental principle remains clear: help customers tackle their security challenges with ease and simplicity.”

The CrowdStrike Falcon platform is available to purchase today with volume licensing to help medium and large enterprises as well as public sector organizations consolidate spend, platforms and contracts while meeting security and compliance needs. CrowdStrike will also be available across a broad set of Dell offerings, including with the purchase of Dell commercial PCs in the coming months.

Shares of CRWD are up 1.25%, while DELL is down 0.18% in morning trading on Monday.

By Michael Elkins | [email protected]

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