Elastic Announces Intent to Acquire Opster
15 Novembre 2023 - 10:35PM
Business Wire
Elastic and Opster join forces to help users
take charge of their search operations
Elastic (NYSE: ESTC) (“Elastic”), the company behind
Elasticsearch®, today announced an agreement to acquire Opster, the
creators of AutoOps, a powerful platform that provides deep insight
to automatically detect and resolve issues with cluster health,
improve search performance, and reduce hardware costs.
“We are excited to welcome the Opster team to Elastic,” said Ken
Exner, chief product officer, Elastic. “Opster will help our users
get more out of their Elastic deployments and is part of multiple
efforts underway to make our cloud offering more fully-managed and
easier to operate.”
“Having been long-time users of Elasticsearch, we are extremely
excited to join Elastic to take our vision to the next level,” said
Ziv Segal, CEO, Opster. “Together, we will deliver capabilities
that will enable users to streamline their search operations and
get the most out of their Elasticsearch deployments.”
Opster co-founder and CEO, Ziv Segal, and key staff will be
joining Elastic.
Financial terms of the transaction were not disclosed.
Completion of the acquisition is subject to customary closing
conditions.
For more information about Elastic and Opster, read the
blog.
About Elastic:
Elastic (NYSE: ESTC) is a leading platform for search-powered
solutions. Elastic understands it’s the answers, not just the data.
The Elasticsearch platform enables anyone to find the answers they
need in real-time using all their data, at scale. Elastic delivers
complete, cloud-based, AI-powered solutions for enterprise
security, observability and search built on the Elasticsearch
platform, the development platform used by thousands of companies,
including more than 50% of the Fortune 500. Learn more at
elastic.co.
Forward-Looking Statements
Certain statements herein regarding the acquisition of Opster
and the integration of and plans for its products and features are
forward-looking statements that are subject to risks and
uncertainties. Actual outcomes and results may differ materially
from those contemplated by these forward-looking statements as a
result of uncertainties, risks, and changes in circumstances,
including, but not limited to risks and uncertainties related to
successful integration of Opster's products into our offerings.
Additional risks and uncertainties that could cause actual outcomes
and results to differ materially from those contemplated by the
forward-looking statements are included under the caption "Risk
Factors" and elsewhere in our most recent filings with the U.S.
Securities and Exchange Commission (“SEC”), including our Annual
Report on Form 10-K for the fiscal year ended April 30, 2023 and
other subsequent reports filed with the SEC. SEC filings are
available on the Investor Relations section of Elastic's website at
ir.elastic.co and the SEC's website at www.sec.gov. Elastic assumes
no obligation to, and does not currently intend to, update any such
forward-looking statements after the date of this release, except
as required by law.
The release and timing of any features or functionality
described in this document remain at Elastic's sole discretion. Any
features or functionality not currently available may not be
delivered on time or at all.
Elastic and associated marks are trademarks or registered
trademarks of Elastic N.V. and its subsidiaries. All other company
and product names may be trademarks of their respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20231114828867/en/
Elastic Public Relations PR-Team@elastic.co
Elastic NV (NYSE:ESTC)
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