Cogia AG: Cogia AG acquires remaining 49% stake in leading SaaS provider Elastic.io

Frankfurt, Germany - July 1, 2024 - Cogia AG, a leading provider of AI-based software solutions, announces the acquisition of the remaining 49% of shares in Elastic.io, a leading SaaS company known for its innovative integration platform. This strategic acquisition is an important milestone in Cogia AG's continued expansion and its commitment to offering its customers innovative technology solutions.

Elastic.io, headquartered in Bonn, Germany, has established itself as a pioneer in the integration platform as a service (iPaaS) market, enabling organisations to seamlessly connect a variety of applications and data sources. The robust and scalable platform of

Elastic.io has helped organisations streamline operations, increase productivity and drive digital transformation.

With the acquisition of the remaining shares, Cogia AG is now a full shareholder of Elastic.io, enabling deeper integration of its technologies and services. The full acquisition enables Cogia AG to leverage Elastic.io's expertise to further enhance its own product offering and accelerate growth in the highly competitive technology landscape. This will enable Cogia AG to offer an even more comprehensive suite of solutions that will allow companies to realise the full potential of their data and applications.

Pascal Lauria, CEO of Cogia AG, explains:

‘We are very pleased to fully integrate Elastic.io into the Cogia family. This acquisition is a testament to our commitment to delivering best-in-class and innovative solutions that meet our customers' growing artificial intelligence needs. The exceptional technology and talented team at Elastic.io are a perfect fit with our enterprise AI vision and strategic goals. Together, we will create unrivalled and secure value for our customers and drive the next wave of digital transformation.’

The acquisition of Elastic.io by Cogia AG is expected to bring numerous benefits to customers of both companies. Existing Elastic.io customers will continue to receive the high level of service and support they have come to expect from Elastic.io, while gaining access to Cogia AG's extensive portfolio of AI-powered solutions. In addition, Cogia AG customers will now be able to leverage the powerful integration capabilities of Elastic.io to achieve seamless connectivity and data integration between their on-premises systems, as well as feed their Cogia Enterprise AI with all their internal corporate data.

This acquisition underscores Cogia AG's commitment to growth and innovation and strengthens its position as a leader in the technology industry. Cogia AG will continue to expand its presence and offerings so that customers can look forward to even more advanced solutions that are tailored to their individual needs and drive their success.

For more information about Cogia AG and the acquisition of Elastic.io, please visit www.cogia.de.

About Cogia AG

Cogia AG is a software company founded in 2020 and based in Frankfurt am Main, Germany. The company specializes in AI-based solutions for secure communication, cybersecurity, big data analytics and web monitoring. The company's customers include major corporations such as Volkswagen, Audi BMW, IPSOS, Lufthansa and various government agencies in the EU. Cogia GmbH is a 100% subsidiary of Cogia AG

About Elastic.io

Elastic.io is a SaaS company based in Bonn that offers a powerful integration platform as a service (iPaaS). The company's platform enables companies to connect different applications and data sources quickly and efficiently, driving operational efficiency and digital transformation.

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