Elastic completed the acquisition of Optimyze.

Elastic, a provider of information technology and data analysis services, completed the acquisition of Optimyze, a cloud computing company. Financial terms were not disclosed. “We are excited to welcome the Optimyze team to Elastic as we join forces to accelerate our vision for unified, actionable observability. Optimyze enhances our observability capabilities by unifying the pillars of observability—metrics, logs and traces—with continuous profiling to help customers improve service quality and performance in complex distributed environments,” Shay Banon, Elastic Founder and CEO.