Elastic acquired Endgame Safety in June for $234 million, and on account of that deal, at this time the corporate introduced Elastic Endpoint safety to assist prospects safe laptops and servers. It additionally introduced the acquisition has formally closed.
Elastic CEO and co-founder Shay Banon says that the corporate has already been serving to risk hunters inside organizations discover safety occasions by way of its safety info and occasion administration (SIEM) instrument. With Endgame, the corporate it wished to increase its safety protection to laptops and servers. It’s most likely not a coincidence that Endpoint is constructed on high of Elastic expertise.
The corporate introduced that it’s going to supply an uncommon pricing mannequin for this instrument. Banon says that as a substitute of charging by the machine as is the trade norm, it’s going to cost primarily based on the quantity of knowledge saved. He says it’s an important change to hold the safety and protection throughout the vary of instruments.
“We deeply believe in order to converge segments like SIEM and endpoint, you not only want to have the same technology stack, but you also want to provide customers with the same packaging and pricing. This is a first in the endpoint market, and we think it’s a big deal when it comes to security users and CISOs and CIOs out there,” Banon advised TechCrunch.
Elastic is at its coronary heart a search instrument, but it surely has been increasing what that search instrument covers over time past internet and enterprise search to different areas like functions efficiency administration, log administration and safety.
Immediately’s announcement is about increasing that safety element to allow the corporate to supply extra complete protection throughout a company. Endpoint’s 150 workers, that are principally engineers and information scientists, have joined Elastic and shall be offering the corporate with a machine studying data enhance to assist make sense of the rising quantities of knowledge throughout the Elastic toolset.
Endgame is predicated in Arlington, Virginia and can maintain its places of work there. It raised over $111 million (in response to Crunchbase information) earlier than being acquired.