Wikipedia

Elastic NV

Elastic NVis an American-Dutch software company that provides self-managed andsoftware as a service(SaaS) offerings forsearch,logging, security, observability, and analytics use cases.[2]It was founded in 2012 inAmsterdam,the Netherlands, and was previously known as Elasticsearch.[3]

Elastic N.V.
FormerlyElasticsearch
Company typePublic company (NV)
IndustrySoftware
Founded2012;12 years ago(2012)
Founders
Headquarters
Key people
  • Ashutosh Kulkarni (CEO)
  • Shay Banon (CTO)
  • Janesh Moorjani (CFO)
ProductsSearch software
RevenueIncreaseUS$608 million(2021)[1]
IncreaseUS$−129 million(2021)[1]
IncreaseUS$−129 million(2021)[1]
Total assetsIncreaseUS$973 million(2021)[1]
Total equityIncreaseUS$451 million(2021)[1]
Number of employees
2,179 (April 2021)[1]
Websitewww.elastic.co

The company develops the Elastic Stack—Elasticsearch,Kibana,Beats, and Logstash—previously known as the ELK Stack,[4]free and paid proprietary features (formerly called X-Pack), Elastic Cloud (a family of SaaS offerings including the Elasticsearch Service), and Elastic Cloud Enterprise (ECE).[5][6]

Elasticsearch technology is used byeBay,Wikipedia,Yelp,Uber,Lyft,Tinder,andNetflix.[7][8]Elasticsearch is also implemented in use cases such as application search, site search, enterprise search, logging, infrastructure monitoring,application performance management,security analytics (also used to augmentsecurity information and event managementapplications), and business analytics. The Elasticsearch meetup community totals more than 100,000 members.[9]Elastic is publicly traded on theNew York Stock Exchangeunder the symbol ESTC.[10]

Citing headwinds from the globalmacroeconomicenvironment, Elastic NV announced a 13% reduction in headcount on November 30, 2022.[11][12]

Acquisitions

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Elastic N.V.,has made several strategic acquisitions to expand its product offerings and capabilities.

  1. Prelert– In 2016, Elastic acquired Prelert, a machine learning company specializing in anomaly detection.[13][14]
  2. Swiftype– In 2017, Elastic acquired Swiftype, a provider of search and index software.[15]
  3. Endgame– In 2019, Elastic acquired Endgame, an endpoint security provider, for $234 million.[16]
  4. build.security– In 2021, Elastic acquired build.security, a cloud security company focusing on policy definition and enforcement.[17][18]
  5. Cmd– In 2021, Elastic acquired Cmd, a company that provides organizations with intuitive monitoring and control over their Linux environment.[19]
  6. Optimyze– The most recent acquisition was Optimyze on October 14, 2021 which is a cloud computing company based in Zurich.[20]

References

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  1. ^abcdef"Elastic N.V. 2021 Annual Report (Form 10-K)".SEC.gov.U.S. Securities and Exchange Commission.25 June 2021.
  2. ^DeFrancesco, Robert (2019-09-29)."Elastic's Core Search Technology Powers Multiple Growth Levers".Forbes.Archivedfrom the original on 2019-09-30.Retrieved2019-09-29.
  3. ^Kepes, Ben."Elasticsearch Changes Its Name, Enjoys An Amazing Open Source Ride And Hopes To Avoid Mistakes".Forbes.Retrieved2019-04-10.
  4. ^Gupta, Yuvraj (2017).Mastering Elastic Stack.Birmingham, UK: Packt Publishing. pp. 11–13.ISBN978-1-78646-001-1.
  5. ^"Elastic Cloud: Hosted Elasticsearch, Hosted Search | Elastic".www.elastic.co.Retrieved2019-04-10.
  6. ^Shukla, Pranav (2017).Learning Elastic Stack 6.0: A beginner's guide to distributed search.Birmingham, UK: PACKT. p. 315.ISBN978-1-78728-186-8.
  7. ^Ward, Mark (2019-07-12)."Why search is no longer all about Google".www.bbc.com.Archivedfrom the original on 2019-07-12.Retrieved2019-10-01.
  8. ^"Elastic enters APM space with Opbeat acquisition".TechCrunch.Retrieved2019-10-09.
  9. ^"Elasticsearch groups".Meetup.Retrieved2019-04-10.
  10. ^Colville, Jordan Novet, Waverly (2018-10-05)."Elastic ESTC IPO stock makes debut on NYSE".www.cnbc.com.Retrieved2019-04-10.{{cite web}}:CS1 maint: multiple names: authors list (link)
  11. ^"CEO Ash Kulkarni's email to Elastic employees".Elastic Blog.Retrieved2022-12-02.
  12. ^DeFrancesco, Robert."Elastic Is Carving Out A Niche In Generative AI With Vector Search".Forbes.Retrieved2023-12-20.
  13. ^Kepes, Ben (2016-09-15)."In an attempt to disrupt Splunk, Elastic makes another acquisition".Network World.Retrieved2023-08-04.
  14. ^Yegulalp, Serdar (2017-05-05)."Elasticsearch stack wises up with machine learning".InfoWorld.Retrieved2023-08-04.
  15. ^Ha, Anthony (2017-11-09)."Elastic acquires search startup Swiftype".TechCrunch.Retrieved2023-08-04.
  16. ^"Elastic buys endpoint security firm Endgame for $234 million".ZDNET.Retrieved2023-08-04.
  17. ^Kerner, Sean Michael (2021-08-23)."Elastic acquires build.security for security policy definition and enforcement".TechCrunch.Retrieved2023-08-04.
  18. ^Ben-David, Ricky."Open code software giant Elastic to buy Israeli startup, open Tel Aviv R&D site".www.timesofisrael.com.Retrieved2023-08-04.
  19. ^Kobialka, Dan (2021-09-01)."Elastic Acquires Cmd; XDR Platform Gains Cloud Workload Runtime Security".MSSP Alert.Retrieved2023-08-04.
  20. ^"Elastic to buy 'continuous profiling' startup Optimyze".ZDNET.Retrieved2023-08-04.


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