- General
- June 7, 2019
- 5 minutes read
Elastic Acquires Endgame For $234 Million
Elastic CEO Shay Banon image: Elastic Elastic — a publicly traded company that builds custom search solutions for enterprises —…
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| Elastic CEO Shay Banon
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Elastic — a publicly traded company that builds custom search solutions for enterprises — has announced it’s acquiring cyber-security startup Endgame in an all-stock deal worth $234 million. The acquisition is subject to customary adjustments. Endgame has raised $111 million in total funding according to Crunchbase data. The $234 million acquisition price is a near 50% discount to a previous $465 million valuation (Pitchbook data).
Endgame’s backers include Kleiner Perkins, Bessemer Venture Partners, Columbia Capital, Edgemore Capital, Savano Capital Partners and Paladin Capital Group. The Arlington, Virgina-based security startup’s customers include the U.S. military and some Fortune 500 companies.
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| Elastic co-founder and ex-CEO Steven Schuurman. Schuurman is also a co-founder of open source software vendor SpringSource (acquired by VMware for $420 million in 2009).
image: Elastic
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Elastic says the addition of Endgame will further advance its ability to offer a comprehensive security solution that’s integrated with its own security information and event management (SIEM) products. “….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.” Endgame CEO Nate Fick said in a press release.
“…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.” Elastic CEO Shay Banon added. “We are excited for the opportunity to join forces with Endgame and welcome the Endgame team to Elastic and our community.” He said.
The acquisition is expected to close during Elastic’s fiscal 3rd quarter.
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