Elastic Completes the Acquisition of Cmd

Rhea-AI Summary

Elastic (NYSE: ESTC) has finalized its acquisition of Cmd, enhancing its cloud security capabilities within the Elastic Limitless XDR framework. This acquisition aims to provide advanced observability and protection for cloud-native workloads using eBPF technology. Cmd's CEO, Santosh Krishnan, and co-founder Jake King are joining Elastic to aid in this integration. Financial terms were not disclosed, but the move is positioned to boost Elastic's security offerings significantly, signaling a strategic expansion in the cloud security market.

Positive

• Acquisition of Cmd enhances Elastic's cloud security capabilities.
• Integration of eBPF technology allows for kernel-level visibility into Linux systems.
• Cmd's leadership team brings valuable expertise to Elastic.

Negative

• None.

Elastic and Cmd Join Forces to Expand Cloud Security Capabilities in Elastic Limitless XDR

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 Cmd, a leader in infrastructure detection and response to give customers deep visibility into cloud workloads and perform expert detection and prevention on cloud-native data.

“We are excited to welcome the Cmd team to Elastic as we join forces to bring deeper observability and protection to cloud native workloads with practitioner-first experiences,” said Shay Banon, founder and CEO, Elastic. “Cmd will enhance our security capabilities for cloud-native runtime application workloads using extended Berkeley Packet Filter (eBPF) technology, giving customers kernel-level visibility into their Linux systems and enabling them to ‘observe while they protect’ with the industry’s first and only free and open Limitless XDR.”

Cmd CEO, Santosh Krishnan, and co-founder and CSO, Jake King, are among the key staff joining Elastic. Financial terms of the transaction were not disclosed.

For more information about Elastic and Cmd, 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/20210921005340/en/

Jennifer Malleo

PR-Team@elastic.co

Source: Elastic N.V.

FAQ

What does the acquisition of Cmd by Elastic mean for ESTC investors?

The acquisition aims to strengthen Elastic's cloud security offering, potentially leading to increased market share and revenue growth.

When was the Cmd acquisition by Elastic announced?

The acquisition was announced on September 21, 2021.

How will Cmd's technology benefit Elastic's Limitless XDR?

Cmd's technology will provide deeper observability and enhanced protection for cloud-native workloads.

What is the expected impact of the Cmd acquisition on Elastic's market position?

The acquisition positions Elastic to compete more effectively in the cloud security market.

Are the financial terms of the Cmd acquisition available?

No, the financial terms of the transaction have not been disclosed.