Prelert Has Been Acquired by Elastic
Signal Hill is pleased to announce that its client Prelert, a leading provider of behavioral analytics technology, has been acquired by Elastic, the company behind Elasticsearch and the Elastic Stack, the most widely used collection of open source products for solving mission-critical use cases like search, logging, and analytics.
Many companies are storing large amounts of structured and unstructured data in Elasticsearch, and search is becoming the foundation for many to address their most complex use cases. Prelert built an Elastic Stack integration to provide Elasticsearch users with an automated way to understand the “why” in their data and take action on “difficult to see” insights. Combining Elastic's Kibana user interface framework and Prelert's behavioral analytics technology, customers are able to solve common problems in their continuous and ever-growing data.
"With the shift to enterprises standardizing on open source solutions like the Elastic Stack for logging and security use cases, we saw a tremendous opportunity to add value on top of the Elastic Stack," said Steve Dodson, Prelert Founder and CTO. "We are very excited to join the Elastic team and embed our behavioral analytics engine into the Elastic Stack so that Elastic's customers can gain powerful and proactive insights, and solve new use cases."
About Signal Hill
Signal Hill, named 2015 Boutique Technology Investment Bank of the Year by the Global M&A Network, is a leading advisory boutique serving the M&A and private capital raising needs of growth companies. Signal Hill's experienced bankers provide deep domain expertise and an unyielding commitment to clients in our sectors: Internet & Digital Media, Internet Infrastructure, Services and Software. With more than 600 completed transactions and offices in Baltimore, Bangalore, Boston, Mumbai, Nashville, New York, Reston and San Francisco, Signal Hill leverages deep strategic industry and financial sponsor relationships to help our clients achieve Greater Outcomes®. For more information visit www.signalhill.com.