BONN, Sept 08, 2021 – Cogia AG, mVISE AG, and elastic.io GmbH. Cogia AG (ISIN DE000A3H2226) today announced the acquisition of a controlling interest in elastic.io GmbH from mVISE AG (Deutsche Börse Scale, ISIN DE0006204589). Financial details of the transaction are not disclosed.
Expanding on the existing strategic alliance between Cogia and elastic.io, this sale confirms the clear synergies between Cogia artificial intelligence products and services and the proven ability of elastic.io to both accelerate and de-skill data integration projects and the management of data integrations.
The sale also reflects the announced ‘Strategy mVISE Growth 2021/22’ in which increased focus will be placed upon Cloud-Computing and artificial intelligence applications and projects.
“We view this acquisition very positively – elastic.io and Cogia AG compliment each other greatly both in terms of technologies and culture. The Cogia AG portfolio of products leverages powerful AI technology to deliver a suite of solutions including Customer Experience Management which enable organisations to better capture, analyse and act upon voice-of-customer. elastic.io Integration Platform as a Service (iPaaS) technology compliments the Cogia portfolio by delivering accelerated integration of both enterprise and public domain data sources, thereby enabling more robust and powerful customer experience insights,” said Dr. Kevin Mobbs, General Manager at elastic.io GmbH.
elastic.io is a Germany-based, born-in-the-cloud innovator and an established expert in enterprise integration solutions with focus on telecom carriers, enterprises, system integrators and software vendors. Our ultimate goal is to help organisations of all sizes spend less time on integrating and monitoring various data sources across the business. And instead, enable them to dedicate more time on using this data to improve business operations and develop new products and services. To find out more, please visit www.elastic.io.
Cogia GmbH offers innovative solutions for intelligent web and social media monitoring which can be integrated into all business processes. Its product “Web Observer 3.0” is a powerful tool that penetrates and structures the web and the social media content und helps companies to derive the maximum benefit from the monitoring. Cogia offers its clients innovative products for boosting efficiency and reducing costs in the areas of data searches, information analysis and knowledge management. For more information, please visit our website.