Elastic Stretches Global Cloud Adoption, Joins Hand With AWS

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  • Elastic NV ESTC inked a new three-year global strategic collaboration agreement with Amazon.com Inc's AMZN Amazon Web Services (AWS) to drive cloud adoption globally
  • The deal comprises an acceleration of integrated go-to-market activities across sales and marketing, streamlining the migration of on-premises workloads to Elastic Cloud on AWS and following the best practices to aid growth globally.
  • Also, ESTC has attained the AWS Security Competency designation by working with AWS, which differentiates the company as an AWS Partner Network member.
  • "Together with AWS, Elastic is committed to helping companies drive innovation, leverage cloud-optimized features, streamline data collection from AWS services, and modernize and migrate their existing environments. As we continue to accelerate our cloud-first business strategy, the growth of our strategic collaboration agreement with AWS is crucial to helping our joint customers solve complex data challenges," said Ken Exner, chief product officer.
  • Price Action: ESTC shares are trading higher by 4.20% at $72.01 on the last check Tuesday.
Posted In: EquitiesMid CapNewsContractsMarketsTechBriefs
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