Elastic, the company behind Elasticsearch, has signed a deal to acquire endpoint security company Endgame for 234 million dollars (207 million euros). The acquisition is expected to be completed in the third quarter of 2019.
Endgame was founded in 2008, writes Silicon Angle. The company provides an endpoint security platform that needs to transform security operation teams and incident responders from incident investigators to hunters who prevent damage and loss. The company itself says that the platform significantly reduces the time and costs associated with responding to incidents and compromise assessments.
The platform is further designed to provide full protection that can stop ransomware, phishing and targeted attacks. The platform uses a unique, hybrid architecture that offers both cloud administration and data localization. In the United States, Endgame has customers like the Department of Defense.
The acquisition enables Elastic to offer a comprehensive security solution focused on endpoint security as part of its existing security products. “We are in the process of expanding our products with more SIEM features, and by complying with Elastic Common Schedule, Endgame native endpoints will be integrated into every existing and future Elastic product in the security room,” said Elastic’s CEO Shay Banon.
“Elastic users and customers see significant added value in using Endgame’s endpoint product, in addition to using Elastic Stack as a SIEM tool. And after completing the acquisition you can rely on a much more integrated and native experience the same way you get from another agent in the Elastic Stack.”
Elastic, originally a Dutch company, announced last year that it was planning an IPO. The IPO followed six years after the company started in Amsterdam. The company develops business search and analysis software, and is particularly well known for its business search engine.
Since 2013, the company’s products have been downloaded more than 350 million times. The head office is now in California, and that’s where the IPO should take place.This news article was automatically translated from Dutch to give Techzine.eu a head start. All news articles after September 1, 2019 are written in native English and NOT translated. All our background stories are written in native English as well. For more information read our launch article.