Elastic N.V. (NYSE:ESTC) agreed to acquire CmdWatch Security, Inc. from GV Management Company, LLC and Amplify Partners, LLC for $85 million on August 24, 2021. Total consideration will be paid in the form of cash and assumed stock options. The purchase consideration includes an amount of $13.4 million which is being held in an indemnity escrow fund for 18 months after the acquisition close date.

The acquisition is expected to close during Elastic's fiscal second quarter, subject to customary closing conditions. Wilson Sonsini Goodrich & Rosati acted as legal advisor to Elastic N.V.