CrowdStrike Buys XM Cyber’s Intellectual Property for $600 Million

CrowdStrike has agreed to acquire the intellectual property of Israeli-German cybersecurity company XM Cyber for $600 million. The deal marks CrowdStrike’s sixth acquisition in Israel, and some XM Cyber employees will join CrowdStrike.

The purchase covers intellectual property only. XM Cyber’s existing customers and revenue will remain with its German parent, Schwarz Group.

CrowdStrike is also reportedly in talks to acquire another Israeli company, Orion Security.