Elastic Cloud price change to create alignment across purchasing options

Elastic announced a pricing change for Elastic Cloud, effective November 1, 2022, to establish uniformity between direct and marketplace purchases, allowing customers to pay the same price regardless of where they buy. This adjustment is possible due to reduced marketplace fees, achieved through a strong partnership with cloud providers. The change aims to benefit customers who use pre-committed cloud marketplace spend, streamlining their purchasing process and onboarding. While some customers might experience a price decrease, others could see up to a 4% increase, with many experiencing minimal or no change. Elastic has informed affected customers, with changes reflected in the November billing statement. To assist customers in optimizing their deployment and reducing costs, Elastic introduced features like no-downtime migration and Searchable Snapshots for cost-effective storage. Customers are encouraged to consult Elastic's blog or reach out to their account teams for further information and assistance.