Elastic Stretches Global Cloud Adoption, Joins Hand With AWS

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.

Overview Rating:

Speculative

0100