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By Michael Dabaie
Elastic NV announced the acquisition of build.security, which provides a platform for defining and enforcing policies.
Shares of the open source search engine and analytics service provider rose 2% pre-market to $ 159. Elastic said the deal would improve its support for cloud native security.
Build.security is headquartered in Tel Aviv, Israel. The company added that the build.security team will strengthen Elastic’s presence in Israel and that Amit Kanfer, co-founder and CEO of build.security, will be the site manager for the region.
Elastic did not disclose the financial terms of the deal. The company said it expects the deal to be completed in Elastic’s fiscal second quarter.
Write to Michael Dabaie at [email protected]
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