Elastic N.V. (ESTC) to Acquire Opster

Elastic (NYSE: ESTC) today announced an agreement to acquire Opster, the creators of AutoOps, a powerful platform that provides deep insight to automatically detect and resolve issues with cluster health, improve search performance, and reduce hardware costs.

“We are excited to welcome the Opster team to Elastic,” said Ken Exner, chief product officer, Elastic. “Opster will help our users get more out of their Elastic deployments and is part of multiple efforts underway to make our cloud offering more fully-managed and easier to operate.”

“Having been long-time users of Elasticsearch, we are extremely excited to join Elastic to take our vision to the next level,” said Ziv Segal, CEO, Opster. “Together, we will deliver capabilities that will enable users to streamline their search operations and get the most out of their Elasticsearch deployments.”

Opster co-founder and CEO, Ziv Segal, and key staff will be joining Elastic.

Financial terms of the transaction were not disclosed. Completion of the acquisition is subject to customary closing conditions.

For more information about Elastic and Opster, read the blog.

You May Also Be Interested In

• Nuvve unit agrees to acquire Romanian battery storage developer
• Presidio acquires Canyon Creek assets for ~$83M, eyes dividend rise
• FCPT acquires two Arby's properties for $3.4 million