Elastic Acquires AIOps Company Keep for Workflow Automation

On Thursday, Elastic (NYSE:ESTC) announced the completion of its acquisition of Keep Alerting Ltd. Keep is an open-source AIOps company that specializes in unifying alerts and automating incident remediation to improve operational efficiency and service reliability for users.

Elastic (ESTC) Acquires AIOps Company Keep to Bolster AI-Powered Workflow Automation

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This acquisition aims to integrate Keep’s AIOps and workflow automation capabilities with Elastic’s existing AI/ML and AI Assistant solutions.

Ken Exner, Chief Product Officer at Elastic, stated that this merger will enable the delivery of AI-powered workflow automation across Elastic’s Observability, Security, and Search solutions. From a financial and market perspective, this acquisition will strengthen Elastic’s AI capabilities and increase its market share in the AI-driven observability and security sectors. Elastic (NYSE:ESTC) is a search AI company. It provides its Search AI Platform to thousands of companies, which include over 50% of the Fortune 500.

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Disclosure: None. This article is originally published at Insider Monkey.