Welcome to our dedicated page for Elastic N.V. news (Ticker: ESTC), a resource for investors and traders seeking the latest updates and insights on Elastic N.V. stock.
Elastic N.V. (symbol: ESTC) is a leading software company that empowers organizations worldwide with real-time insights by making structured and unstructured data usable for various applications. Founded in 2012, Elastic is the brainchild of the creators of Elasticsearch, Kibana, Beats, and Logstash—collectively known as the Elastic Stack. These open-source projects have grown into powerful tools for search, logging, security, and analytics use cases.
Elastic's global community boasts more than 80,000 members spread across 45 countries, reflecting its significant impact and reach. The company's products have been downloaded over 100 million times, showcasing their widespread adoption and reliability. Elastic's solutions are trusted by a plethora of high-profile organizations such as Cisco, eBay, Dell, Goldman Sachs, Groupon, HP, Microsoft, Netflix, The New York Times, Uber, Verizon, Yelp, and Wikipedia.
Elastic's offerings include the Elastic Stack, X-Pack, and Elastic Cloud, which are integral to mission-critical systems that drive new revenue streams and substantial cost savings. The company's primary focus areas are enterprise search, observability, and security, enabling businesses to glean actionable insights from their data.
Backed by substantial funding of over $104 million from Benchmark Capital, Index Ventures, and NEA, Elastic has its headquarters in Amsterdam, the Netherlands, and Mountain View, California. The company employs more than 400 people across 30 countries, emphasizing its global presence and collaborative work culture.
Recent achievements include continuous innovation and updates to their product suite, ensuring that Elastic remains at the forefront of the technology landscape. Elastic's commitment to open-source principles and community engagement continues to propel its growth and influence in the data management and analytics sectors.
Elastic (NYSE: ESTC) released a study indicating a shift in IT priorities towards enhancing employee experience in remote work settings, reflecting the pandemic's impact. Conducted by Forrester Consulting, the survey highlights that 60% of IT leaders are investing in employee experience but face budget constraints. The partnership between IT and HR has strengthened, with 57% of IT leaders collaborating more closely with HR. However, 92% of organizations are in survival or maintenance mode, with many reporting budget cuts and inadequate tools to support remote work.
Elastic (NYSE: ESTC) has expanded its strategic partnership with Confluent to enhance product integration for the Apache Kafka and Elasticsearch communities. Key initiatives include improving native integrations, enriching the Elasticsearch Service Sink Connector, and developing packaged solutions for specific use cases. This collaboration aims to bolster real-time capabilities, providing organizations with effective monitoring and threat mitigation. Elastic continues to support Kafka users through managed service options, facilitating seamless data streaming across major cloud platforms.
Elastic (NYSE: ESTC) announced the speaker lineup for the ElasticON Public Sector conference happening April 13-15, aimed at aiding mission-oriented organizations. Keynote speaker Nate Fick will address cybersecurity and data management. The event features panels with notable organizations like the National Geospatial-Intelligence Agency and consulting firm Deloitte, discussing the integration of Elastic Security in public sector projects. Attendees will also gain insights into the latest Elastic release updates, enhancing their operational capabilities.
Elastic (NYSE: ESTC) has been recognized as a Challenger in the 2021 Gartner Magic Quadrant for Insight Engines. This first-time entry highlights its Enterprise Search solution, which simplifies creating search experiences for customer and employee applications. Gartner emphasizes the growing need for insight engine technology as businesses generate more content. Elastic's solution offers simple configurations, flexible deployment options, and consumption-based pricing, which disrupts traditional pricing models. Customers have rated Elastic’s insight engines 4.5 out of 5 based on 34 reviews.
Elastic (NYSE: ESTC) announced updates in the 7.12 release of Elastic Security, aimed at improving threat hunting and investigation workflows. Key features include analyst-driven correlation, behavioral ransomware prevention, and enhanced data lookback capabilities. The updates utilize Event Query Language (EQL) for targeted detection and combine machine learning with third-party context for comprehensive security. Additionally, Elastic Security integrates with existing systems, simplifying data migration from Splunk and supporting Cisco Advanced Malware Protection.
Elastic (NYSE: ESTC) has introduced significant enhancements in its Enterprise Search solution with the 7.12 release. The update features a reimagined data architecture, promising up to a 70% improvement in storage efficiency and a 40% reduction in indexing latency. Additionally, the App Search web crawler now offers improved performance and supports web crawling standards. With autoscaling features, users can automatically adjust storage capacity based on predefined monitoring rules. These enhancements aim to bolster search performance and relevancy.
Elastic (NYSE: ESTC) announced the 7.12 release, introducing significant updates for Elasticsearch, Kibana, and Elastic Cloud. Key features include the technical preview of the frozen tier for low-cost object store searches, general availability of schema on read with runtime fields, and autoscaling for efficient resource management. Enhanced support for ARM architectures and new instance types on Elastic Cloud promise improved performance and cost efficiency. The release also improves cross-cluster capabilities and subscription management via the AWS Marketplace.
Elastic (NYSE: ESTC) has announced updates to its Elastic Observability solution in the 7.12 release, enhancing tools for root cause analysis and unified monitoring. New features include Elastic APM correlations, which identify high-latency application transactions, effectively decreasing resolution time. The release also introduces autoscaling on Elastic Cloud, allowing dynamic capacity adjustments based on data volumes without overspending. Furthermore, support for ARM processor-based infrastructure has been implemented for better performance monitoring.
Elastic (NYSE: ESTC) has announced significant updates across its Elastic Stack, enhancing its Enterprise Search, Observability, and Security solutions. Key features include the new schema on read capability, a frozen data tier for cost-effective data storage, and improved autoscaling support in Elastic Cloud. Users can expect up to 70% better storage efficiency and enhanced performance, alongside new analyst-driven correlation tools in Elastic Security for threat detection. Such innovations empower organizations to extract value from their data more efficiently, potentially impacting overall customer satisfaction and market competitiveness.
Elastic (NYSE: ESTC) and Grafana Labs have announced a partnership aimed at enhancing user experience by integrating Elasticsearch capabilities with Grafana's visualization tools. A new official Grafana Elasticsearch plugin will allow users to leverage the strengths of both platforms. The collaboration emphasizes community feedback and aims for interoperability, with future enhancements planned for the plugin. This integration will be available to all users, enhancing the functionality of Elasticsearch in conjunction with Grafana's extensive service offerings.
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