Post #47 by Philly Tide on the Software as a Service Gems board

Investment Strategies / Software as a Service Gems

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I'm starting to see some blame being directed at Crowdstrike for the "IT failure" this morning that canceled flights all around the world.

Yes, they are the ones to blame. They get 100% of it. Completely irresponsible to roll an update like this. My company is a customer and roughly 25% of our internet connected Windows desktops were affected.

That said, I would rather deal with something like this than a ransomware attack. I had all of my machines back on-line within 2 hours.

CRWD cannot afford for something like this to happen again, so my bet is that they will put procedures in place to make sure it can't. If they do not, we will start looking at other vendors.

I was lucky to trim in the 350's as well but I will look to add more after the dust settles. The stock is very expensive so I think we will get a chance to buy it lower.

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