Elastic acquires Opbeat (application performance monitoring company)

elastic.co

19 points·sqren··6 comments

It would be interesting to get the Opbeat's founders perspective on why they'd sell and close a product they've been working on since 2012. Just to soon do it again, but this time for someone else's company.

Thomas here (Node.js lead from Opbeat). Don't worry, we are not closing down Opbeat :) We'll continue to run the current version of Opbeat via opbeat.com until we can port users to the new Elastic APM product that we are currently developing

Hi Thomas, fellow Copenhagen developer here. I understand how you are transitioning the product to Elastic APM. I'm simply curious of the motives. Why would you want to do that instead of building your own product at your own company? Wasn't Opbeat profitable, yet?

No we never intended to be profitable at this point in our development. So that was never really a problem. We had actually just secured our next round of funding when Elastic approached us, so money was not an issue. We honestly believe that our chances of doing something great is bigger with Elastic than alone. It's true that we could have continued without joining with Elastic, but we felt it was the right thing to do :)

Personally I'm a huge believer of open source, and Elastic is an open source company. That's one of the reasons why I'm super exited about this. I think this move will benefit everyone :)