CrowdStrike Holdings Inc (NASDAQ: CRWD) shares are responding favorably Thursday after the company announced an expanded partnership with Alphabet Inc's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google Cloud.
What Happened: CrowdStrike and Google Cloud's expanded strategic partnership will see Google Cloud power Mandiant's Incident Response and Managed Detection and Response services leveraging the CrowdStrike Falcon platform and the Google Cloud Security Operations platform.
"Our expanded strategic alliance with Google Cloud is a watershed moment for cybersecurity: powering Mandiant's industry-leading Incident Response and Managed Detection and Response services with Falcon in concert with Google Cloud's Security Operations platform - integrating the best technology with world-class expertise, giving organizations access to the protection they need to stop breaches," said Daniel Bernard, chief business officer of CrowdStrike.
The combination of AI-powered Google cloud services and CrowdStrike's protection platform is expected to help deliver the outcomes customers need to stop breaches across multiple environments. The partnership focuses on CrowdStrike's Endpoint Detection and Response, Identity Threat Detection and Response and Exposure Management solutions.
CRWD Price Action: CrowdStrike has a 52-week high of $365 and a 52-week low of $125.40. The stock was up 0.89% at $316.56 at the time of writing Thursday, according to Benzinga Pro.