The acquisition is said to further Splunk’s goal of creating a collaborative analytics platform for DevOps.
Machine data service provider Splunk Inc will acquire DevOps incident management company VictorOps for $120 million. The companies said they hope to combine their technologies to create a collaborative analytics platform for development and operations.
“The combination of machine data analytics and artificial intelligence from Splunk with incident management from VictorOps creates a ‘Platform of Engagement’ that will help modern development teams innovate faster and deliver better customer experiences,” says Doug Merritt, Splunk President and CEO.
Thousands of Splunk’s customers will benefit from the analytics-driven platform which they can use to:
- Monitor issues
- Resolve incidents
- Visualize and gain insights from machine learning data
- Continuously improve
The new Platform of Engagement combines monitoring with event management and ChatOps to help DevOps teams resolve problems quickly and successfully. Enhancing monitoring with AI and ML will generate predictive analytics and historical data to drive proactive decisions and recommendations.
“We founded VictorOps to give teams a naturally collaborative way to quickly resolve incidents,” says VictorOps CEO Todd Vernon. “By combining VictorOps incident management capabilities and the Splunk platform, organizations will be able to quickly resolve and even help prevent issues that degrade customer engagement. We look forward to joining Splunk and working together to help solve these complex challenges facing every Development and DevOps team.”
Splunk will pay cash for the majority of the sale and use securities to fill in the rest. The sale should close during Q2, subject to regulatory and other closing conditions.