Elastic NV (NASDAQ:ESTC) agreed to acquire Tel Aviv, Israel, headquartered policy definition and enforcement platform build.security, to aid organizations in enforcing security actions for cloud-native environments. The financial terms of the transaction remain undisclosed.
The addition of build.security extends Elastic's Limitless XDR to help enforce security actions for cloud-native environments, including hosts, virtual machines, and containers orchestrated by Kubernetes.
The build.security team will be the foundation of Elastic's growing presence in Israel and build.security CEO Amit Kanfer will serve as site lead for the region.
The acquisition is likely to close during Elastic's Q2.
Elastic held $400.8 million in cash and equivalents as of April 30.
Elastic delivers the industry’s first and only free and open Limitless Extended Detection and Response (XDR) , modernizing security operations by unifying the capabilities of security information and event management (SIEM) for detecting threats and endpoint security for protecting and remediating issues on all endpoints, including in the cloud, all in a single platform.
This morning’s news release recounted, "Enriched by Elastic Agent, Limitless XDR extends visibility across any environment and enables security teams to eliminate blind spots. Millions of users already trust Elastic with their business infrastructure, having deployed Elastic Agent across hundreds of thousands of cloud-native workloads for logging, metrics, application performance monitoring, and visibility."
ESTC shares traded higher by $3.93, or 2.5% at $159.14 soon after the opening bell Monday.
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