Elastic Completes the Acquisition of Optimyze

Elastic and Optimyze Join Forces to Deliver Continuous Profiling of Infrastructure, Applications and Services

MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)-- Elastic (NYSE: ESTC) (“Elastic”), the company behind Elasticsearch and the Elastic Stack, today announced that it has completed the acquisition of Optimyze, an “always on” continuous profiling platform for infrastructure, applications and services to give customers a simpler way to get insights into their entire IT ecosystem and eliminate blind spots.

“We are excited to welcome the Optimyze team to Elastic as we join forces to accelerate our vision for unified, actionable observability,” said Shay Banon, founder and CEO, Elastic. “Optimyze enhances our observability capabilities by unifying the pillars of observability—metrics, logs and traces—with continuous profiling to help customers improve service quality and performance in complex distributed environments.”

Optimyze co-founder and CEO, Thomas Dullien, and co-founder and CTO, Sean Heelan, are among the key staff joining Elastic. Financial terms of the transaction were not disclosed.

For more information about Elastic and Optimyze, read the blog.

About Elastic:

Elastic is a search company built on a free and open heritage. Anyone can use Elastic products and solutions to get started quickly and frictionlessly. Elastic offers three solutions for enterprise search, observability, and security, built on one technology stack that can be deployed anywhere. From finding documents to monitoring infrastructure to hunting for threats, Elastic makes data usable in real time and at scale. Thousands of organizations worldwide, including Cisco, eBay, Goldman Sachs, Microsoft, The Mayo Clinic, NASA, The New York Times, Wikipedia, and Verizon, use Elastic to power mission-critical systems. Founded in 2012, Elastic is a distributed company with Elasticians around the globe and is publicly traded on the NYSE under the symbol ESTC. Learn more at elastic.co.

Forward-Looking Statements

This press release contains forward-looking statements which include but are not limited to statements about future features and functionality. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211102006144/en/

Jennifer Malleo

Elastic Public Relations

PR-Team@elastic.co

Source: Elastic N.V.