Elastic Buys Security Company Endgame for $234 Million

Kelvion New Plate Heat Exchanger

Elastic

Elastic (NYSE: ESTC), the company behind Elasticsearch and Elastic Stack, has entered into a definitive agreement to acquire Endgame, Inc. This security company is focused on endpoint prevention, detection, and response. Elastic will acquire Endgame for a total purchase price of $234 million, subject to customary adjustments.

Elastic is a search company. As the creators of the Elastic Stack (Elasticsearch, Kibana, Beats, and Logstash), Elastic builds self-managed and SaaS offerings that make data usable in real time and at scale for use cases like application search, site search, enterprise search, logging, APM, metrics, security, business analytics, and more.

The proposed acquisition would further advance Elastic’s ability to offer a comprehensive security solution focused on endpoint security and integrated with Elastic’s existing SIEM efforts. Endgame is used by enterprises and government agencies for endpoint prevention, detection, and response (EPP + EDR). In combination with Elastic’s SIEM efforts, Endgame’s EDR and EPP capabilities will help organizations extend threat hunting to the endpoint.

Jamie Butler
“The combined force of Elastic’s powerful search technology and Endgame’s award-winning endpoint security offering gives customers unparalleled insight into their data for maximum protection,” said Jamie Butler, CTO of Endgame.

“In information security, nothing is more critical to comprehensive protection than access to rich, actionable data in real-time,” said Jamie Butler, CTO of Endgame. “The combined force of Elastic’s powerful search technology and Endgame’s award-winning endpoint security offering gives customers unparalleled insight into their data for maximum protection. Both organizations share a commitment to openness, transparency, and user enablement, making this an exciting opportunity for both our employees and for the joint user community. We believe the combination of our solutions will change how the world thinks about data, analytics, and security.”

The acquisition is expected to close during Elastic’s fiscal third quarter, subject to the satisfaction of regulatory approvals and other customary closing conditions. Pursuant to Dutch law, closing of this transaction is subject to a shareholder vote. A shareholders meeting of Elastic shareholders will be convened to approve this transaction.

Ransomware, Phishing

“It’s been a humbling experience to get to know the Endgame team,” said Shay Banon, CEO and founder of Elastic. “We are very aligned on a go-to-market strategy and building solutions that combine our search technology with Endgame’s endpoint product to give users the best possible threat hunting, SIEM and endpoint experience. We are excited for the opportunity to join forces with Endgame and welcome the Endgame team to Elastic and our community.”

Endgame would make endpoint protection as simple as anti-virus. Leveraging advanced machine learning technology, Endgame enables security operators of any skill level to deliver full-force protection, stopping everything from ransomware, to phishing, and targeted attacks. The US military as well as some of the world’s largest commercial organizations would rely on Endgame to protect their people, technology and mission, globally.

“We’ve built an Endpoint security platform that simplifies security so that all organizations can prevent, detect, and respond to attacks,” said Nate Fick, CEO of Endgame. “It’s been wonderful to see the impact our product is having on the organizations using it, from successfully stopping targeted attacks, reducing time to detect attacks, and cutting operational costs. By joining forces with Elastic, we will be able to take our endpoint platform to another level, integrate with their SIEM efforts, and give users everywhere in the world a complete security solution.”

News in Whatsapp