SECURITY
SECURITY
SECURITY
Elastic acquires endpoint security firm Endgame for $234M
Elastic N.V., the company behind Elasticsearch, Thursday said it has signed a deal to acquire endpoint security firm Endgame Inc. for $234 million in a stock and debt repayment.
Founded in 2008, Arlington, Virginia-based Endgame offers an endpoint security platform that’s claimed to transform security operations teams and incident responders from crime scene investigators into hunters that prevent damage and loss. The company says the platform dramatically reduces the time and cost associated with incident response and compromise assessment.
Endgame’s platform has been designed to deliver “full-force protection” that will stop ransomware, phishing and targeted attacks. The platform uses a unique hybrid architecture that delivers both cloud administration and data localization.
Endgame customers include the U.S. Department of Defense. According to The Washington Business Journal, the company had $21.8 million in revenue in 2018, up from $3.6 million in 2016. It had raised at least $91.8 million in venture capital funding. Crunchbase pegs the figure at $111.4 million.
Investors include Bessemer Venture Partners, Top Tier Capital Partners, Paladin Capital Group, Columbia Capital, Edgemore Capital and Kleiner Perkins.
For Elastic, the acquisition will allow the company to offer a comprehensive security solution focused on endpoint security as part of Elastic’s existing security information and event management efforts.
“We have been working to expand our products to have more and more SIEM features, and by conforming to Elastic Common Schema (ECS), Endgame’s endpoints will become natively integrated into any existing and future efforts of Elastic in the security space,” Elastic Chief Executive Officer Shay Banon wrote in a blog post.
“For Elastic users and customers, on top of using the Elastic Stack today as a SIEM tool, you will see significant additional value in deploying Endgame’s endpoint product,” Banon added. “And down the road following completion of the acquisition, you can rely on a much more integrated and native experience in the same way you get from any agent in the Elastic Stack.”
The acquisition is expected to be completed in the third quarter.
Photo: Endgame
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