Elastic NV

Top US Technology Company

Elastic NV

800 West El Camino Real, Mountain View, CA 94040

Search, observability, and security company.

About Elastic NV

California – United States – 2200 Employees

Website: elastic.co
Stock Symbol: ESTC
Industry SIC Code: 7372

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Annual Revenue: 820M

Elastic NV – A Comprehensive Overview

Company Overview

Elastic N.V., founded in 2012 by Shay Banon, is a global leader in search-powered solutions. The company is best known for its Elastic Stack—a suite of open-source tools including Elasticsearch, Kibana, Beats, and Logstash—that enables businesses to search, analyze, and visualize data in real-time across a variety of use cases. Headquartered in Mountain View, California, and registered in Amsterdam, Netherlands, Elastic provides solutions for enterprise search, observability, and security, making data-driven insights accessible to organizations across the globe. Elastic’s mission is to make data usable in real-time and at scale for applications ranging from business intelligence to cybersecurity.

Financial Data

For fiscal year 2023, Elastic reported revenue of approximately $1 billion, reflecting strong growth in its subscription-based business model. The company generates the majority of its revenue from paid subscriptions for its cloud-based offerings (Elastic Cloud) and self-managed software. Elastic’s gross margin is around 75%, thanks to the scalability of its cloud and on-premise offerings. The company continues to invest heavily in product development and cloud infrastructure to drive future growth while maintaining a positive cash flow, with a focus on expanding its customer base and use case applications.

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Company Size and Structure

Elastic employs over 2,900 people globally, with offices and employees spread across the U.S., Europe, Asia, and Australia. The company is structured around three key business segments: Enterprise Search, Observability, and Security. These segments focus on delivering search-driven solutions across multiple industries, including technology, healthcare, finance, and government. Elastic’s decentralized structure allows for agile development and product iteration, with a strong emphasis on global collaboration. Elastic also maintains a strong community of developers contributing to its open-source products, helping to fuel product innovation.

Key Decision-Makers and Contacts

Shay Banon, Founder and CTO: Focuses on driving product vision and technical innovation.
Ash Kulkarni, CEO: Oversees the company’s strategic direction, focusing on revenue growth and market expansion.
Janesh Moorjani, CFO: Manages Elastic’s financial operations, corporate strategy, and investor relations.
Uri Cohen, Chief Product Officer: Leads product strategy and the development of Elastic’s search-powered solutions.
This leadership team is focused on accelerating Elastic’s growth, particularly through cloud adoption, while expanding its search and analytics capabilities across industries.

Market Position

Elastic is a leader in search and data analytics, competing with other major players in the enterprise search, observability, and security markets. Its core product, Elasticsearch, is one of the most popular search engines globally, used by companies to search, analyze, and visualize massive amounts of structured and unstructured data in real-time. Elastic’s comprehensive suite of solutions enables it to compete with companies like Splunk, Datadog, and Sumo Logic in the observability space, while also positioning itself against competitors like SolarWinds in security analytics and enterprise search. Elastic’s ability to unify data from various sources makes it a versatile platform across multiple industries.

Products and Services

Elastic offers a wide range of products and services, all built on the core Elastic Stack (Elasticsearch, Kibana, Beats, Logstash):

Elasticsearch: A distributed search and analytics engine designed for real-time data retrieval and processing.
Kibana: A visualization tool that provides intuitive interfaces for exploring and visualizing data stored in Elasticsearch.
Beats: Lightweight agents that ship data from hundreds of machines to Elasticsearch for monitoring, logging, or data ingestion.
Logstash: A server-side data processing pipeline that ingests data from multiple sources simultaneously and sends it to Elasticsearch.
Elastic Cloud: A fully managed service that provides Elastic’s search-powered solutions on AWS, Google Cloud, and Microsoft Azure.
Enterprise Search: A solution that enables companies to build custom search applications across websites, intranets, and customer support systems.
Elastic Observability: A suite of tools for monitoring the performance of applications, infrastructure, and services.
Elastic Security: A solution for threat detection, prevention, and response, providing end-to-end visibility and security analytics.

Digital Presence

Elastic maintains a strong digital presence through its website, developer community forums, and social media channels. The Elastic Community is highly active, with contributions from developers worldwide, ensuring continuous improvements to the Elastic Stack and widespread adoption. Elastic’s blog and resource hub offer a wealth of information, including tutorials, case studies, and product updates. The company also engages with users via social media platforms like LinkedIn, Twitter, and GitHub, where it shares product updates, open-source project contributions, and thought leadership content. Additionally, Elastic hosts the annual ElasticON conference, showcasing new product developments and customer success stories. CA Zoominfo Pricing.

Technological Infrastructure

Elastic’s platform is built on a scalable, distributed architecture, enabling real-time data indexing, search, and analytics across vast amounts of data. Elasticsearch is at the core of this infrastructure, offering robust indexing capabilities, distributed search, and fault-tolerant systems that allow organizations to search through petabytes of data with minimal latency. Elastic’s cloud services, delivered through Elastic Cloud, provide managed deployments across AWS, Google Cloud, and Microsoft Azure, enabling customers to scale their environments easily. Elastic also uses machine learning and AI to enhance its search capabilities, improve security analytics, and provide predictive insights for monitoring and observability.

Company Culture

Elastic promotes a culture of openness, collaboration, and flexibility, with a remote-first approach that allows employees to work from anywhere. The company places a strong emphasis on diversity, equity, and inclusion (DEI), and actively promotes a welcoming environment for employees from different backgrounds. Elastic is known for its commitment to open-source development, encouraging transparency and continuous contribution from both employees and the global developer community. The company fosters a culture of innovation, empowering teams to experiment with new ideas and contribute to the development of its products and services.

Industry and Regulatory Compliance

Elastic’s solutions comply with several global data security and privacy regulations, including GDPR, SOC 2, ISO 27001, and HIPAA. The company provides built-in security features, such as encryption, role-based access control (RBAC), and audit logging, helping businesses protect sensitive data and maintain compliance with industry-specific regulations. Elastic’s Security solution is particularly useful for organizations needing to detect and respond to threats while ensuring their environments meet regulatory standards. Additionally, Elastic continuously enhances its security posture by undergoing regular security assessments and improving its compliance certifications.

Partnerships & Affiliations

Elastic has established strategic partnerships with leading cloud service providers such as Amazon Web Services (AWS), Google Cloud, and Microsoft Azure. These partnerships enable Elastic Cloud to be deployed on top of major cloud infrastructures, providing customers with flexibility and choice when scaling their operations. The company also partners with key technology providers, such as Red Hat and VMware, to integrate its solutions into enterprise IT environments. Elastic’s partner ecosystem includes system integrators and resellers that help businesses implement and optimize Elastic’s solutions for various use cases.

Public Relations & Media

Elastic is regularly featured in major business and technology publications for its leadership in search technology, cloud observability, and security. The company’s public relations efforts focus on showcasing the power of its Elastic Stack to drive innovation across industries, from financial services to healthcare and government. Elastic’s annual ElasticON event garners media attention for its product announcements, customer success stories, and community-driven innovations. Additionally, Elastic contributes to thought leadership in the areas of cloud-native development, big data, security, and real-time analytics, which are frequently covered in industry news outlets.

Competitive Landscape

Elastic competes with other observability, security, and search analytics providers such as Splunk, Datadog, Sumo Logic, and SolarWinds. Elastic’s key differentiator is its open-source foundation, which allows businesses to customize the Elastic Stack for their specific use cases. Unlike competitors that offer proprietary solutions, Elastic’s flexibility, scalability, and cost-effectiveness appeal to a wide range of organizations, from startups to large enterprises. Its Elastic Cloud offering also allows Elastic to compete effectively with SaaS-based observability platforms, while its advanced security analytics solutions position it against providers like CrowdStrike and Palo Alto Networks.

Stock Market Information

Elastic is publicly traded on the New York Stock Exchange under the ticker symbol ESTC. Since its IPO in 2018, the company’s stock has performed well, driven by consistent revenue growth and expanding adoption of its cloud-based solutions. Investors view Elastic as a high-growth company with strong potential in markets like cloud observability, security, and enterprise search. Elastic’s focus on open-source innovation, global expansion, and cloud adoption positions it as a key player in the fast-growing data analytics and search markets.

Market Activity for Elastic NV

Customer Base and Reviews

Elastic serves a diverse customer base that includes startups, mid-sized businesses, and large enterprises across industries such as technology, finance, healthcare, government, and retail. Notable customers include Uber, Netflix, Cisco, Walmart, and Adobe. Elastic is praised for its flexibility, scalability, and real-time search capabilities, making it ideal for use cases such as log management, threat detection, and operational monitoring. Customers appreciate the extensibility of the Elastic Stack and the ability to customize it to fit their specific business needs. However, some users have noted challenges with the complexity of managing large-scale deployments.

Summary of Elastic NV

Elastic N.V. is a global leader in search-powered solutions, offering a comprehensive suite of tools that help businesses search, analyze, and visualize data in real time. With its flagship product, Elasticsearch, and a strong commitment to open-source development, Elastic provides organizations with powerful tools for enterprise search, observability, and security. Elastic’s focus on innovation, cloud adoption, and global expansion positions it as a key player in the data analytics space, serving businesses of all sizes and industries.

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