Deal Snapshot
ELASTIC EXTENDS SEARCH SOLUTIONS WITH ACQUISITION OF SAAS STARTUP SWIFTYPE
Tuesday 14 November 2017

California, US and Netherlands-based SaaS platform provider Elastic has acquired California, US-based Swiftype, Inc. the developer of AI-powered search platform and software for websites and applications, the company said.
Swiftype, a startup company backed by startup accelerator Y Combinator and private equity firm New Enterprise Associates, created the SaaS-based Site Search and introduced enterprise search products. Elastic is the company behind Elasticsearch and the Elastic Stack, a collection of open source products for solving mission-critical use cases like search, logging and analytics.


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Details
Date Published: 14/11/2017
Target: Swiftype, Inc
Country: USA
Sector: IT/Online Services
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Elastic
Comment:
Terms of the deal were not disclosed

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