CrowdStrike (CRWD) – New Partner – March 30, 2024

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CrowdStrike (CRWD) – New Partner – March 30, 2024

CrowdStrike partnered with HCLTech in India this past week. Together, CrowdStrike will offer its Extended Detection and Response (XDR) endpoint product to HCLTech’s customer base. HCLTech is a large company with $13.1 billion in total 2023 revenue. It “develops, markets and supports software for digital transformation, data, analytics, AI and automation” and now will be doing so with CrowdStrike’s breach protection at its side. India is perhaps the most exciting security market for CrowdStrike outside of the USA. It’s massive, has a growing middle class, is a bit behind in its security revolution and has a business-friendly and U.S.-friendly government. Partners like this can greatly expedite the product education and product trust both needed for CrowdStrike to dominate there like it does here. This may not seem material, but it easily could be. Good news.

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