CrowdStrike Holdings, Inc. (NASDAQ:CRWD) shares are trading higher in the premarket session on Tuesday.
The company announced a significant expansion to its Accelerate partner program, aimed at enhancing collaboration and profitability within the cybersecurity industry.
This program unites a wide range of partners, including service providers, distributors, resellers, and managed security service providers, to deliver cybersecurity solutions through the CrowdStrike Falcon platform.
The expanded program offers partners new opportunities to maximize revenue, including exclusive discounts, rebates, training credits, and more predictable pricing models.
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A central feature of this transformation is Falcon Flex, a flexible licensing option for CrowdStrike's comprehensive cybersecurity suite, which empowers partners to offer tailored solutions to meet customer needs effectively.
Daniel Bernard, Chief Business Officer at CrowdStrike, emphasized that the program is designed to enable partners to stay competitive in a fast-evolving cybersecurity landscape, especially as demand accelerates due to AI-driven threats.
The expansion also includes new partner incentives such as Volume Incentive Rebates and CrowdCard, ensuring partners are recognized for their contributions throughout the customer lifecycle.
Key industry players, like Noel Allnutt from Sekuro and David Grant from Westcon-Comstor, praised the new program for its potential to drive greater value and scalability.
Last week, the company announced a strategic distribution partnership with Arrow Electronics to expand its cybersecurity offerings across the U.S. and Canada.
This collaboration will make CrowdStrike's Falcon platform available to Arrow's extensive channel partners, including resellers, managed service providers, and managed security service providers.
Recently, the company reported fourth-quarter revenue of $1.058 billion, beating the consensus estimate of $1.032 billion. The cybersecurity company reported adjusted earnings of $1.03 per share, beating analyst estimates of 85 cents per share.
CrowdStrike expects first-quarter revenue to be between $1.1 billion and $1.106 billion.
Price Action: CRWD shares are trading higher by 1.01% to $311.99 premarket at last check Tuesday.
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