Arlington, Va.-based Endgame is set to be acquired by Netherlands-based data management firm Elastic N.V. for $234 million. The board of directors from both companies have entered into an agreement, with hopes of closing the deal by year-end, a press release states.
— Endgame (@EndgameInc) June 5, 2019
Endgame offers an endpoint cybersecurity protection platform for enterprises. Launched in 2008, the company’s software is designed to stop attackers from stealing data, Technical.ly DC previously reported. The company has a zero breach tolerance and was the only D.C.-based startup named to Forbes’ Cloud 100 List in 2018.
This acquisition will expand Elastic’s endpoint security capabilities by integrating with its existing efforts, according to the company. Before the deal closes, Elastic will convene a shareholders meeting to conduct a vote to solidify the transaction, which is required by Dutch law.
“The combined force of Elastic’s powerful search technology and Endgame’s award-winning endpoint security offering gives customers unparalleled insight into their data for maximum protection,” Endgame CTO Jamie Butler said in a statement. “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. We believe the combination of our solutions will change how the world thinks about data, analytics and security.”
There are currently no details on what will happen to Endgame’s Arlington office, where its approximately 140 employees work.
This acquisition deal comes after the Washington Business Journal reported in April that Endgame wasn’t up for sale. At this time when the company was focusing on raising a major funding round, Endgame CEO Nathan Fick told WBJ that the funds were being raised by existing investors, and denied any acquisition speculations.-30-