This archive report was first published on 28 October 2021.
On October 27, 2021, Elastic, a Dutch company that specializes in data search and software for businesses, announced its acquisition of Optimyze, a Swiss startup that offers a platform for infrastructure and cloud services.
The acquisition values were not disclosed, but the goal is clear: to expand Elastic's services by integrating Optimyze's tools into the Elasticsearch platform, the company's flagship search engine.
By doing so, Elastic aims to increase customers' ability to detect problems in their systems and provide a 'unified approach to data collection' for security and observability.
Observability is a data-rich monitoring approach that exploits patterns not defined in advance, enabling a smarter system that anticipates failure.
This, in turn, leads to improvements in service quality and performance, as it reduces the average time to detect and resolve problems.
According to Thomas Dullien, CEO and co-founder of Optimyze, the acquisition is a game-changer, as it enables continuous profiling of systems, applications, and services with minimal impact on performance.
Shay Banon, Founder and CEO of Elastic, expressed similar enthusiasm, stating that the acquisition will accelerate the company's vision of a unified and practical observability.
