CrowdStrike and HCLTech Announce Global Strategic Partnership to Drive Enterprise Cybersecurity Transformation
CrowdStrike (CRWD) and HCLTech (HCLTECH) announced a strategic partnership to enhance HCLTech's managed detection and response solutions with CrowdStrike's AI-native Falcon XDR platform. The collaboration aims to address the increasing cyber threats by combining HCLTech's expertise with Falcon's advanced technology, providing customers with a robust cybersecurity defense.
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Strategic partnership between CrowdStrike and HCLTech to integrate Falcon XDR platform into HCLTech's MDR solutions.
The partnership aims to empower HCLTech to offer comprehensive cybersecurity services across various domains.
CrowdStrike's 2024 Global Threat Report highlights the escalating cyber threats and the need for AI-native technology to combat modern attacks.
The collaboration addresses the cybersecurity skills gap and resource limitations faced by organizations, enhancing security operations.
HCLTech's MDR experts combined with Falcon platform deliver a powerful defense mechanism against cyber threats.
The partnership reinforces HCLTech's commitment to providing resilient cybersecurity solutions for global customers.
The integration of Falcon platform expands HCLTech's cybersecurity services, improving operational efficiencies for customers.
The partnership between HCLTech and CrowdStrike to integrate the Falcon XDR platform into HCLTech's MDR services is a strategic move that addresses the increasing sophistication of cyber threats. With the rise in cyberattacks, organizations are seeking robust cybersecurity solutions that can keep pace with the evolving threat landscape. The integration of AI-native technology into MDR services is a step towards this, offering the potential to enhance threat detection and response capabilities.
From a cybersecurity perspective, the use of AI in threat detection can significantly reduce the time to identify and mitigate cyber threats. The Falcon XDR platform's AI capabilities, combined with HCLTech's expertise in managed services, could improve the efficiency of security operations. This is particularly relevant given the current cybersecurity skills gap, which leaves many organizations vulnerable. By standardizing on an advanced platform, HCLTech can offer a more sophisticated and streamlined service to its customers, potentially reducing the risk of data breaches.
For businesses, this partnership could translate into stronger cybersecurity defenses without the need to significantly expand in-house capabilities or resources. It's a value proposition that could be quite attractive for companies facing budget constraints or those looking to outsource their cybersecurity operations.
The strategic partnership between HCLTech and CrowdStrike is indicative of the growing trend in the cybersecurity market where collaboration between technology providers and service companies is becoming more common. As enterprises seek to enhance their security postures, the demand for managed services that offer comprehensive, AI-driven solutions is likely to increase.
From a market perspective, this partnership could position HCLTech favorably within the cybersecurity services sector. By leveraging CrowdStrike's Falcon platform, HCLTech may gain a competitive edge in attracting customers who require advanced security solutions. This could impact HCLTech's market share and revenue growth in the cybersecurity domain.
Furthermore, CrowdStrike's reputation and the performance of its Falcon platform could influence customer perception and decision-making. The endorsement of HCLTech's MDR services by a well-regarded entity like CrowdStrike may lead to an increase in customer trust and potentially drive sales.
The announcement of this partnership could have implications for the financial performance of both HCLTech and CrowdStrike. For HCLTech, the adoption of the Falcon XDR platform may lead to an expansion of its service offerings and customer base, which in turn could drive revenue growth. The ability to offer cutting-edge AI-native solutions could also enable HCLTech to command higher premiums for its services.
On CrowdStrike's side, expanding its customer base through partnerships allows for increased market penetration and revenue diversification. As HCLTech integrates Falcon XDR into its services, CrowdStrike benefits from the additional deployment of its platform, which can lead to a steady stream of licensing fees or revenue-sharing opportunities.
Investors in both companies may view this partnership as a strategic enhancement that could strengthen long-term growth prospects. However, they should monitor the execution of the partnership and the market adoption of the integrated services to assess the actual impact on financial performance.
03/25/2024 - 09:30 AM
HCLTech MDR services standardizes on CrowdStrike’s AI-native Falcon® XDR platform, delivering the speed and expertise customers need to stop breaches
AUSTIN, Texas --(BUSINESS WIRE)--
CrowdStrike (Nasdaq: CRWD) and HCLTech (NSE: HCLTECH), a leading global technology company, today announced a new strategic partnership to power HCLTech’s managed detection and response (MDR) solutions with the AI-native CrowdStrike Falcon® XDR platform . The partnership will empower HCLTech to deliver the breadth of the Falcon platform, assisting organizations in cybersecurity transformation across device, identity, cloud, data, next-gen SIEM, and beyond, led and managed by HCLTech.
According to the CrowdStrike 2024 Global Threat Report , cyberattacks are escalating and continue to grow faster, stealthier and more sophisticated. Generative AI has the potential to amplify adversary activity, arming attackers of all sophistication levels with advanced tradecraft. At the same time, the growing cybersecurity skills gap and lack of resources impacts security operations at many organizations, increasing the risk of a data breach. To protect against modern threats, customers need AI-native technology as well as the benefits of a managed security solution to reduce complexity and serve as a force multiplier for security and IT teams. The combination of HCLTech’s world-class MDR experts with the industry-leading Falcon platform delivers the security customers need to stop breaches.
"Delivering a Dynamic Cybersecurity Posture is core to our solutions and engagements, and the partnership with CrowdStrike will further strengthen our commitment to accelerate this journey for our customers,” said Amit Jain, executive vice president and global head of cybersecurity at HCLTech. “The proven CrowdStrike Falcon XDR platform will fuel our existing managed services solutions as we join forces to unleash a powerful defense against cyber threats. This partnership amplifies HCLTech's leadership in Cybersecurity Services, reinforcing our dedication to delivering a resilient Digital Foundation for our global customers.”
“Organizations across the globe select the AI-native Falcon platform to transform and consolidate their cybersecurity,” said Daniel Bernard, chief business officer at CrowdStrike. “Our partnership with HCLTech extends the reach of the Falcon platform to new customers and markets, expediting spend consolidation and improving operational efficiencies. We’re proud of the success that we’re experiencing with HCLTech and are excited about the opportunity ahead - jointly on a mission to secure the world’s largest enterprises on cybersecurity’s winning platform.”
About CrowdStrike
CrowdStrike (Nasdaq: CRWD), a global cybersecurity leader, has redefined modern security with the world’s most advanced cloud-native platform for protecting critical areas of enterprise risk – endpoints and cloud workloads, identity and data.
Powered by the CrowdStrike® Security Cloud and world-class AI, the CrowdStrike Falcon® platform leverages real-time indicators of attack, threat intelligence, evolving adversary tradecraft and enriched telemetry from across the enterprise to deliver hyper-accurate detections, automated protection and remediation, elite threat hunting and prioritized observability of vulnerabilities.
Purpose-built in the cloud with a single lightweight-agent architecture, the Falcon platform delivers rapid and scalable deployment, superior protection and performance, reduced complexity and immediate time-to-value.
CrowdStrike: We stop breaches.
Learn more: https://www.crowdstrike.com/
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© 2024 CrowdStrike, Inc. All rights reserved. CrowdStrike, the falcon logo, CrowdStrike Falcon and CrowdStrike Threat Graph are marks owned by CrowdStrike, Inc. and registered with the United States Patent and Trademark Office, and in other countries. CrowdStrike owns other trademarks and service marks, and may use the brands of third parties to identify their products and services.
About HCLTech
HCLTech is a global technology company, home to more than 224,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud, AI and software, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG, and Public Services. Consolidated revenues as of 12 months ending December 2023 totaled $13.1 billion hcltech.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20240325576514/en/
Andy Sommer
press@crowdstrike.com
Source: CrowdStrike
CrowdStrike and HCLTech have partnered to integrate CrowdStrike's Falcon XDR platform into HCLTech's managed detection and response solutions.
AI-native technology is crucial in cybersecurity to combat modern threats effectively, as highlighted in the CrowdStrike 2024 Global Threat Report.
The partnership enhances HCLTech's cybersecurity services by combining Falcon platform's advanced technology with HCLTech's expertise, providing customers with a robust defense against cyber threats.
Amit Jain, the executive vice president and global head of cybersecurity at HCLTech, mentioned that the partnership with CrowdStrike will reinforce their dedication to accelerating cybersecurity solutions for customers.
The partnership aims to deliver a dynamic cybersecurity posture through the integration of Falcon platform into HCLTech's managed services solutions, providing a resilient Digital Foundation for global customers.
