Latest news with #BrianMerrill
Yahoo
2 days ago
- Business
- Yahoo
CrowdStrike Says DOJ, SEC Sent Inquiries on Firm Accounting
(Bloomberg) -- CrowdStrike Holdings Inc. said US officials have asked for information related to the accounting of deals it's made with some customers and said the cybersecurity firm is cooperating with the inquiry. ICE Moves to DNA-Test Families Targeted for Deportation with New Contract The Global Struggle to Build Safer Cars At London's New Design Museum, Visitors Get Hands-On Access LA City Council Passes Budget That Trims Police, Fire Spending NYC Residents Want Safer Streets, Cheaper Housing, Survey Says The Austin, Texas-based company said in a filing Wednesday that it has gotten 'requests for information' from the US Department of Justice and the Securities and Exchange Commission 'relating to the company's recognition of revenue and reporting of ARR for transactions with certain customers.' ARR refers to annual recurring revenue, a measure of earnings from subscriptions. The company said the federal officials have also sought information related to a CrowdStrike update last year that crashed Windows operating systems around the world. 'The company is cooperating and providing information in response to these requests,' the filing states. US prosecutors and regulators have been investigating a $32 million deal between CrowdStrike and a technology distributor, Carahsoft Technology Corp., to provide cybersecurity tools to the Internal Revenue Service, Bloomberg News first reported in February. The IRS never purchased or received the products, Bloomberg News earlier reported. The investigators are probing what senior CrowdStrike executives may have known about the $32 million deal and are examining other transactions made by the cybersecurity firm, Bloomberg News reported in May. Asked for comment about the filing, CrowdStrike spokesperson Brian Merrill said, 'As we have told Bloomberg repeatedly, this is old news and we stand by the accounting of the transaction.' A lawyer for Carahsoft previously declined to comment on the federal investigations, and representatives didn't respond to subsequent requests for comment about them. (Updates with CrowdStrike comment in the seventh paragraph.) Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Is Elon Musk's Political Capital Spent? Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To ©2025 Bloomberg L.P.
Yahoo
2 days ago
- Business
- Yahoo
CrowdStrike Says DOJ, SEC Sent Inquiries on Firm's Accounting
(Bloomberg) -- CrowdStrike Holdings Inc. said US officials have asked for information related to the accounting of deals it's made with some customers and said the cybersecurity firm is cooperating with the inquiry. ICE Moves to DNA-Test Families Targeted for Deportation with New Contract The Global Struggle to Build Safer Cars At London's New Design Museum, Visitors Get Hands-On Access LA City Council Passes Budget That Trims Police, Fire Spending NYC Residents Want Safer Streets, Cheaper Housing, Survey Says The Austin, Texas-based company said in a filing Wednesday that it has gotten 'requests for information' from the US Department of Justice and the Securities and Exchange Commission 'relating to the company's recognition of revenue and reporting of ARR for transactions with certain customers.' ARR refers to annual recurring revenue, a measure of earnings from subscriptions. The company said the federal officials have also sought information related to a CrowdStrike update last year that crashed Windows operating systems around the world. 'The company is cooperating and providing information in response to these requests,' the filing states. US prosecutors and regulators have been investigating a $32 million deal between CrowdStrike and a technology distributor, Carahsoft Technology Corp., to provide cybersecurity tools to the Internal Revenue Service, Bloomberg News first reported in February. The IRS never purchased or received the products, Bloomberg News earlier reported. The investigators are probing what senior CrowdStrike executives may have known about the $32 million deal and are examining other transactions made by the cybersecurity firm, Bloomberg News reported in May. CrowdStrike spokesperson Brian Merrill didn't immediately provide additional comment on the corporate filing Wednesday. 'As we have stated previously, we stand by the accounting of the transaction,' Merrill said in a May 8 email. A lawyer for Carahsoft previously declined to comment on the federal investigations, and representatives didn't respond to subsequent requests for comment about them. Cavs Owner Dan Gilbert Wants to Donate His Billions—and Walk Again YouTube Is Swallowing TV Whole, and It's Coming for the Sitcom Millions of Americans Are Obsessed With This Japanese Barbecue Sauce Is Elon Musk's Political Capital Spent? Trump Considers Deporting Migrants to Rwanda After the UK Decides Not To ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
