Elastic Acquires Elasticsearch SaaS Provider Found

MOUNTAIN VIEW, CA and AMSTERDAM, THE NETHERLANDS--(Marketwired - Mar 10, 2015) - Elastic (http://elastic.co), the company behind the ELK stack, which combines Elasticsearch, Logstash, and Kibana to provide real-time insights from structured and unstructured data, today announced it has acquired Found (https://found.no/), a leading Elasticsearch SaaS provider with more than 500 customers across North America, Europe, and Asia-Pacific. As part of the acquisition, the Found team and its technology will become part of Elastic effective immediately.

Developers Require the Fastest Time to Market for their Cloud Applications
For any developer building cloud applications today, time to market is key. Found provides hosted and fully-managed Elasticsearch clusters with technology that automates critical processes such as installation, configuration, maintenance, backup, and high-availability, enabling developers to integrate a fast, powerful search engine into their database, website or app in a matter of minutes. In addition, Found has created a turnkey process to scale Elasticsearch clusters up or down at any time and without any downtime, thus allowing developers to focus on building great applications without worrying about the complexities and small intricacies of dev operations. Found's Elasticsearch as a Service offering is allowing companies like Docker, Gild, HotelTonight, Instacart, and the New York Public Library to bring their cloud applications to market faster than ever before.

"Found enables us to scale Elasticsearch quickly and effortlessly so that HotelTonight can build amazing user experiences on top of Elasticsearch," said Sam MacDonnell, CTO, HotelTonight.

Future Vision: Elasticsearch as a Service On Premise for Every Enterprise
With enterprises running the majority of their software on premise, IT, DevOps, and business teams continue to seek out ways to extract value out of data that is growing exponentially every day. Today, developers in companies such as eBay, Facebook, GitHub, Netflix, and several large financial services institutions are using the ELK stack to scale tens of clusters over hundreds of machines for many different use cases. With Found's current offering, enterprises can manage their Elasticsearch clusters in the cloud. In the future, enterprises will be able to run Elasticsearch as a Service on premise across their business.

"Found has created a powerful, turnkey offering that helps customers manage, scale, and get their applications to market fast," said Shay Banon, Elastic Founder and CTO. "Found's technology will give developers and enterprises one place to easily manage multiple clusters of Elasticsearch, both in the cloud and on premise."

"Since day one our aim has been to create the most reliable, flexible and scalable hosted Elasticsearch solution in the market," said Morten Ingebrigtsen, CEO of Found. "Joining the Elastic team will allow us to accelerate development of new features and products for our customers, as well as expand to the enterprise more rapidly."

As part of the acquisition, Found will be rebranded to Found by Elastic, and will remain available for purchase with the same pricing and features at www.found.no.

About Elastic
Founded in 2012 by the people behind the Elasticsearch and Apache Lucene open source projects, Elastic provides real-time insights and makes massive amounts of structured and unstructured data usable for developers and enterprises. By focusing on scalability, ease-of-use, and ease-of-integration, the Elastic ELK stack -- comprised of Elasticsearch, Logstash, and Kibana -- powers many of the world's leading mobile, social, consumer and business applications. Since its initial release, the ELK stack has achieved more than 20 million cumulative downloads, and today, Elastic is backed by Benchmark Capital, Index Ventures, and NEA with headquarters in Amsterdam and Mountain View, California, and offices and employees around the world. To learn more, visit www.elastic.co.