Elastic NV

Last updated
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
RevenueIncrease2.svg US$608 million (2021) [1]
Increase2.svgUS$−129 million (2021) [1]
Increase2.svgUS$−129 million (2021) [1]
Total assets Increase2.svgUS$973 million (2021) [1]
Total equity Increase2.svgUS$451 million (2021) [1]
Number of employees
2,179 (April 2021) [1]
Website www.elastic.co

Elastic NV is an American-Dutch company that was founded in 2012 in Amsterdam, the Netherlands, and was previously known as Elasticsearch. [2] It is a search company that builds self-managed and software as a service (SaaS) offerings for search, logging, security, observability, and analytics use cases. [3]

Contents

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 by eBay, Wikipedia, Yelp, Uber, Lyft, Tinder, and Netflix. [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 augment security information and event management applications), and business analytics. The Elasticsearch meetup community totals more than 100,000 members. [9] Elastic is publicly traded on the New York Stock Exchange under the symbol ESTC. [10]

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

Acquisitions

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]

Funding Rounds

Elastic N.V., the company behind Elasticsearch, has been funded through various rounds of investment.[ citation needed ]

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References

  1. 1 2 3 4 5 6 "Elastic N.V. 2021 Annual Report (Form 10-K)". SEC.gov. U.S. Securities and Exchange Commission. 25 June 2021.
  2. ↑ Kepes, Ben. "Elasticsearch Changes Its Name, Enjoys An Amazing Open Source Ride And Hopes To Avoid Mistakes". Forbes. Retrieved 2019-04-10.
  3. ↑ DeFrancesco, Robert (2019-09-29). "Elastic's Core Search Technology Powers Multiple Growth Levers". Forbes. Archived from the original on 2019-09-30. Retrieved 2019-09-29.
  4. ↑ Gupta, Yuvraj (2017). Mastering Elastic Stack. Birmingham, UK: Packt Publishing. pp. 11–13. ISBN   978-1-78646-001-1.
  5. ↑ "Elastic Cloud: Hosted Elasticsearch, Hosted Search | Elastic". www.elastic.co. Retrieved 2019-04-10.
  6. ↑ Shukla, Pranav (2017). Learning Elastic Stack 6.0: A beginner's guide to distributed search. Birmingham, UK: PACKT. p. 315. ISBN   978-1-78728-186-8.
  7. ↑ Ward, Mark (2019-07-12). "Why search is no longer all about Google". www.bbc.com. Archived from the original on 2019-07-12. Retrieved 2019-10-01.
  8. ↑ "Elastic enters APM space with Opbeat acquisition". TechCrunch. Retrieved 2019-10-09.
  9. ↑ "Elasticsearch groups". Meetup. Retrieved 2019-04-10.
  10. ↑ Colville, Jordan Novet, Waverly (2018-10-05). "Elastic ESTC IPO stock makes debut on NYSE". www.cnbc.com. Retrieved 2019-04-10.{{cite web}}: CS1 maint: multiple names: authors list (link)
  11. ↑ "CEO Ash Kulkarni's email to Elastic employees". Elastic Blog. Retrieved 2022-12-02.
  12. ↑ DeFrancesco, Robert. "Elastic Is Carving Out A Niche In Generative AI With Vector Search". Forbes. Retrieved 2023-12-20.
  13. ↑ Kepes, Ben (2016-09-15). "In an attempt to disrupt Splunk, Elastic makes another acquisition". Network World. Retrieved 2023-08-04.
  14. ↑ Yegulalp, Serdar (2017-05-05). "Elasticsearch stack wises up with machine learning". InfoWorld. Retrieved 2023-08-04.
  15. ↑ Ha, Anthony (2017-11-09). "Elastic acquires search startup Swiftype". TechCrunch. Retrieved 2023-08-04.
  16. ↑ "Elastic buys endpoint security firm Endgame for $234 million". ZDNET. Retrieved 2023-08-04.
  17. ↑ Kerner, Sean Michael (2021-08-23). "Elastic acquires build.security for security policy definition and enforcement". TechCrunch. Retrieved 2023-08-04.
  18. ↑ Ben-David, Ricky. "Open code software giant Elastic to buy Israeli startup, open Tel Aviv R&D site". www.timesofisrael.com. Retrieved 2023-08-04.
  19. ↑ Kobialka, Dan (2021-09-01). "Elastic Acquires Cmd; XDR Platform Gains Cloud Workload Runtime Security". MSSP Alert. Retrieved 2023-08-04.
  20. ↑ "Elastic to buy 'continuous profiling' startup Optimyze". ZDNET. Retrieved 2023-08-04.


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