Name: Elastic
Brand: PlumRiver
SKU: 63d29997fd687005937f65c1
Rating: 3.3 (239 reviews)

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Elastic

By PlumRiver

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Order Management Software

Overview of Elastic Software Company

Elastic Suite is a leading provider of B2B e-commerce and digital merchandising solutions, designed to streamline and optimize the wholesale process for iconic brands and retailers. The company offers a comprehensive platform that enhances every step of the B2B sales process, from planning virtual sales meetings to creating strategic product assortments. Elastic Suite's solutions are trusted by world-class enterprises, providing tools for digital cataloging, assortment planning, and seamless integration with various ERP systems. The platform is known for its ability to boost sales revenue through strategic sales planning and segmentation capabilities, resulting in increased sales volume and improved speed to market. Additionally, Elastic Suite offers features like email sales campaign tools for creating customized marketing campaigns, which further enhance the efficiency and profitability of B2B sales processes.

Founding and Growth

Elastic was founded in 2012 by the creators of Elasticsearch and Apache Lucene. The company has grown to become a leading platform for search-powered solutions, helping organizations enhance search capabilities, observability, and security.

Funding and Valuation

Elastic has raised a total of $104 million over four funding rounds before going public. Its initial public offering (IPO) in October 2018 raised $252 million. The company's valuation in June 2014 was $700 million.

Elastic's core offerings include:

Elastic Stack: Comprising Elasticsearch, Kibana, Beats, and Logstash, the Elastic Stack is used for search, logging, security, and analytics.
Enterprise Search: Solutions for site search and app search.
Observability: Tools for monitoring and APM (Application Performance Management).
Security: Solutions for SIEM (Security Information and Event Management) and endpoint security.

Recent innovations include AI-driven security analytics, support for Google Cloud’s Vertex AI platform, and a low-code interface for building applications.

Acquisitions and Product Expansion

Elastic has expanded its product offerings through strategic acquisitions, including:

Swiftype: Site and app search services.
Opbeat: APM solutions.
Prelert: Machine learning features.
Endgame: SIEM and endpoint security solutions.

These acquisitions have strengthened Elastic's position in various market segments.

Elastic AI and New Features

Not available.

Company Culture and Values

Elastic emphasizes an open-source philosophy and a distributed work culture. The company values transparency, collaboration, and community engagement. Elastic's community includes millions of users worldwide, contributing to its open-source projects and participating in events and meetups.

User Base and Community

Elastic boasts a large and active user community, with over 150 user groups in 52 countries. The community is integral to Elastic's success, providing feedback and contributing to product development. Elastic's community code of conduct ensures a respectful and collaborative environment for all participants.