1 Behind-the-Scenes Tech Company Worth a Look
If you've ever used Tinder, Wikipedia, or a number of other popular platforms to search for something, then you've also used software developed by a little-known company called Elastic (NYSE: ESTC).
Founded in 2012 in Amsterdam, the company's chief product is the ELK Stack, a suite of enterprise software products designed to search through data and return meaningful results (such as your next Tinder prospect). Other Elastic products, such as its security analytics offerings, are used by the U.S. Navy and the U.S. Department of Homeland Security, among other clients. Pretty impressive, right?
Yet, despite a roster of big-name clients, the company's widespread adoption hasn't translated into profits for 7-year-old Elastic. So what will be the golden ticket to finally printing black ink? The answer could be revealing itself as it builds the foundation for its long-term strategy.
Source Fool.com
