floragunn GmbH, Amazon, and Elastic Issue Joint Statement Regarding Settlement of Search Guard Litigation

Elasticsearch, Inc., elasticsearch B.V., floragunn GmbH, Amazon.com, Inc., and Amazon Web Services, Inc. issue the following joint statement:

floragunn acknowledges that Search Guard used Elastic’s source code in violation of Elastic’s copyrights. Before it learned of Elastic’s allegations, Amazon had included Search Guard, including certain of the accused code, in its Elasticsearch-based products and services. After it learned of Elastic’s lawsuit, Amazon removed the accused code from all current versions of its products and services. Elastic and floragunn agree that the settlement finally resolves any claim by Elastic regarding customers’ or third parties’ use of products or services containing the infringing code.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220907006329/en/

Elastic N.v. Stock

There is an upward development for Elastic N.v. compared to yesterday, with an increase of €1.62 (2.440%).
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As a result the target price of 134 € shows a very positive potential of 97.17% compared to the current price of 67.96 € for Elastic N.v..

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