We are excited to announce that Endgame has entered into an acquisition agreement to join forces with Elastic N.V. (NYSE: ESTC). Together, we will bring to market a holistic security product that combines endpoint and SIEM, and is delivered via Elastic’s unique go-to-market model.
The Endgame Story
Endgame’s mission is to protect the world’s data from attack. We’ve been driven by a conviction that even the best of existing prevention technologies are complicated, costly, and available only to a select few, while legacy solutions repeatedly fail to stop the theft or ransom of valuable data.
Our goal is to elevate and empower users at all levels of expertise and experience. To help us do that, we built Artemis, the industry's first natural-language security chatbot, Resolver, a unique attack visualization technology, and Reflex powered by EQL (Event Query Language), the first language to describe adversary behavior and customized response.
We have been gratified by the third-party recognition and customer validation this approach has garnered. Wherever possible, we have shared fundamental research with the world -- open-sourcing EQL, providing malware model training data, and adding our anti-malware technologies to VirusTotal for all to use. And through it all, we have been amazed time and again by the feedback from our users and customers who rely on Endgame to protect some of their most valuable assets.
Our Shared Future
The natural next step in the evolution of our company is to get this endpoint platform into the hands of those who need it most –more hands than we could find on our own.
As we investigated ways to accelerate our community engagement, we noticed that we were receiving more and more requests to integrate with Elastic. Our users knew that the only way to stop damage and loss was to have leading prevention coupled with endpoint detection and response (EDR). They were frustrated by limits on their ability to retain, search, and respond to the history of their security events, and so they were naturally turning to Elastic for their expertise in search. Of course, we already knew first-hand the power Elastic could bring to security since it serves as the core of our Endgame platform.
We quickly came to believe that there was a huge benefit to both parties in joining forces. Endgame would gain an ability to get our endpoint technology into the hands of dev ops, security practitioners, and IT users throughout the world, and Elastic would gain access to endpoint telemetry in the market in order to enhance a security use-case their users were already embracing.
It was a natural fit.
Most importantly, both companies and teams share the same core values and the same relentless focus on the success of our users. With the power of Elastic, we will continue to provide the best endpoint protection we can, while also accelerating the integration of our data into our users’ Elastic Stacks, empowering actionable security.
Our CTO, Jamie Butler, says it well: “In information security, nothing is more critical to comprehensive protection than access to rich, actionable data in real-time. The combined force of Elastic’s powerful data platform and Endgame’s award-winning endpoint security offering gives customers strong insight into their data. Both organizations share a commitment to openness, transparency, and user enablement, making this an exciting opportunity for both our employees and for the joint user community. The combination of our solutions will change how the world thinks about data, analytics, and security.”
There is so much we can do together.
We are excited by the opportunity to converge SIEM and endpoint technologies to drive a whole new level of collaboration for security teams. Our users are rapidly adopting the Elastic Stack as the most useful destination for their security information, and together we can ensure a first-class experience when integrating Endgame’s robust security data in Elastic Common Schema (ECS) into the Stack.
Additionally, users love Endgame’s ability to bubble-up the information that matters within their security data. For example, Resolver provides a visual representation of the full extent of the attack, allowing users to do root-cause analysis easily, and to build effective response plans regardless of their level of expertise. Now, we can use the power of Kibana to provide even more dashboard and visualization capabilities, further enabling users to see and respond to what matters quickly.
I am hugely impressed by the vision, ambition, humility, and expertise of the Elastic team and I cannot wait for our joint users to see the capabilities we believe we can bring together. This is only the beginning, and the perfect closing to this note is with a glimpse of the future from Elastic’s Founder and CEO, Shay Banon: “It's been a humbling experience to get know the Endgame team. We are very aligned on a go-to-market strategy and building solutions that combine our search technology with Endgame's endpoint product to give users the best possible threat hunting, SIEM and endpoint experience. We are excited for the opportunity to join forces with Endgame and welcome the Endgame team to Elastic and our community.”
Additional Information and Where to Find It
Elastic N.V. (“Elastic”) plans to file with the Securities and Exchange Commission (the “SEC”), and the parties plan to furnish to the security holders of Endgame, Inc. (“Endgame”) and Elastic, a Registration Statement on Form S-4, which will constitute a prospectus of Elastic and will include a proxy statement of Elastic in connection with the proposed merger of Avenger Acquisition Corp., a Delaware corporation and a direct wholly-owned subsidiary of Elastic (“Merger Sub”) with and into Endgame (the “Merger”), whereupon the separate corporate existence of Merger Sub shall cease and Endgame shall continue as the surviving corporation of the Merger as a direct wholly-owned subsidiary of Elastic. The prospectus/proxy statement described above will contain important information about Elastic, Endgame, the proposed Merger and related matters. Investors and security holders are urged to read the prospectus/proxy statement carefully when it becomes available. Investors and security holders will be able to obtain free copies of these documents and other documents filed with the SEC by Elastic through the website maintained by the SEC at www.sec.gov. In addition, investors and security holders will be able to obtain free copies of these documents from Elastic by contacting Elastic’s Investor Relations by telephone at +1 (650) 695-1055 or by e-mail at ir@elastic.co, or by going to Elastic’s Investor Relations page at ir.elastic.co and clicking on the link titled “SEC Filings” under the heading “Financials.” These documents may also be obtained, without charge, by contacting Endgame’s COO and General Counsel by telephone at +1 (703) 650-1264 or by e-mail at dsaelinger@endgame.com.
The respective directors and executive officers of Endgame and Elastic may be deemed to be participants in the solicitation of proxies from the security holders of Elastic in connection with the proposed Merger. Information regarding the interests of these directors and executive officers in the transaction described herein will be included in the prospectus/proxy statement described above. Additional information regarding Elastic’s directors and executive officers is included in Elastic’s proxy statement for its Extraordinary General Meeting of Shareholders, which was filed with the SEC on March 28, 2019. This document is available from Elastic free of charge as described in the preceding paragraph.
Forward-Looking Statements
This communication contains forward-looking statements which include but are not limited to: Elastic’s ability to offer a comprehensive security solution focused on endpoint security and integrated with Elastic’s existing security efforts; Endgame’s EDR and EPP capabilities, in combination with Elastic’s security efforts, will help organizations extend threat hunting to the endpoint; the benefit to Elastic customers of deploying Endgame’s product; the benefit to Endgame customers of deploying the Elastic Stack; our ability to successfully integrate our products, technologies and businesses; the ability to use Elastic search technology in combination with Endpoint data; our ability to successfully align our product roadmaps and go-to-market strategy; customer acceptance of our combined product lines and the value proposition of our combination; the future conduct and growth of our business and the markets in which we operate; our ability to obtain necessary regulatory approvals to close the Merger; our ability to obtain shareholder approval for the Merger; and the expected timing of the proposed Merger. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Our expectations and beliefs regarding these matters may not materialize. Actual outcomes and results may differ materially from those contemplated by these forward-looking statements as a result of uncertainties, risks, and changes in circumstances, including but not limited to risks and uncertainties related to: the ability of the parties to consummate the proposed Merger, satisfaction of closing conditions precedent to the consummation of the proposed Merger, potential delays in consummating the Merger, and the ability of Elastic to timely and successfully achieve the anticipated benefits of the Merger. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in our most recent filings with the SEC, including our Quarterly Report on Form 10-Q for the fiscal quarter ended January 31, 2019 and any subsequent reports on Form 10-K, Form 10-Q or Form 8-K filed with the SEC. SEC filings are available on the Investor Relations section of Elastic’s website at ir.elastic.co and the SEC’s website at www.sec.gov. Elastic assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release, except as required by law.