CrowdStrike SIEM Demand Rises Amid Cisco-Splunk, Legacy Woes

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Pervasive discontent with legacy SIEM offerings and Cisco’s proposed acquisition of Splunk has driven “a significant and pronounced increase in interest” in CrowdStrike’s SIEM offering.

The Austin, Texas-based cybersecurity titan’s SIEM tool hit the $100 million annual recurring revenue milestone in the most recent quarter thanks to LogScale’s search speed, data gravity and cost efficiency, said CEO George Kurtz. That growth prompted consulting giant EY to build a 150-person practice around LogScale to capitalize on CrowdStrike’s technological superiority and demand for SIEM transformation (see: CrowdStrike CEO: Point Product Vendors Are Being Left Behind).

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