Elastic

  The Elastic company founded in 2012 is a developer  technologiyelasticsearch which include the search Elasticsearch server on the basis of Apache Lucene, Logstash (the instrument of collecting dens and management of them) and Kibana (a web interface for viewing statistics).  The Elastic software stack, according to the manufacturer's website, is used by millions of developers around the world and solves the modern problems of processing large volumes of structured and unstructured data. Elastic has partners in Russia, including Softline (data for October 2018).

History

2021: Purchase of Optimyze Cloud Optimization Software Developer

In mid-October 2021, the developer of big data solutions Elastic announced the purchase of Optimyze. The financial terms of the transaction are not disclosed. More details here.

2019: Purchase of Endgame IB company for $234 million

On June 6, 2019, Elastic announced the acquisition of Endgame for $234 million. The buyer will pay for the transaction, which is planned to be closed in the third quarter of 2019, using its own shares and covering the debts of the absorbed IB technology developer. More details here.

2018: Exit to the exchange; 94% stock growth on day one

On October 5, 2018, Elastic became a public company. Shares of the American corporate software manufacturer began to trade on the New York Stock Exchange (NYSE).

Developer of software for working with big data Elastic entered the exchange

By the end of the first day of trading, Elastic securities settled at $70, which is 94.4% more than the placement level. At some point, the company's quotation growth reached 106%.

As part of the IPO, 7 million ordinary shares of Elastic were sold, as a result of which the company raised $252 million. In addition, underwriters have the opportunity to additionally purchase about 1.05 million securities within 30 days. If a deal is concluded, Elastic's market capitalization could grow to $4.93 billion from $4.86 billion as of October 5, 2018.

Elastic filed for an initial public offering on September 5, 2018. On the 24th of the same month, the company named the target IPO range - $26-29. On October 2, it was raised to $33-35, and two days later the company announced a price of $36.

In an interview with Fortune, Elastic CEO Shay Benon said the company took a "unique position in which the IPO is not actually held to raise money, but to ensure that customers perceive Elastic not as a startup, as a mature company."^[1]

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