Home Enterprise Solutions Splunk agrees to acquire VictorOps for US$120m

Splunk agrees to acquire VictorOps for US$120m

Machine data aggregation and search engine Splunk has announced a definitive agreement to acquire VictorOps, a leader in DevOps incident management, for approximately US$120 million.

Specifically, Splunk will acquire VictorOps for a total purchase price of approximately US$120 million, subject to adjustment, to be paid in cash and Splunk securities. The acquisition is expected to close during Splunk’s fiscal second quarter, subject to customary closing conditions. Nearly all of the purchase price consideration will be paid in cash, funded from Splunk’s balance sheet.

Organisations worldwide are seeking tools to help provide quick resolution in high-velocity deployment operations, which translates to customer satisfaction. While called upon to innovate faster than ever, engineering and operations teams face challenges of vague alerts, reactive operations and siloed teams.

Thousands of customers use Splunk Enterprise to provide proactive monitoring, visualisation and answers out of machine data. Splunk’s machine learning capabilities already help businesses focus on critical aspects, and Splunk sees the addition of VictorOps as providing a “platform of engagement”, combining monitoring, event management, on-call management and ChatOps in one valuable offering that speeds resolution and learns from past actions to make proactive recommendations.

“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,” said Doug Merritt, president and chief executive, Splunk. “This gives on-call technical staff an analytics-driven platform to monitor issues, resolve incidents and continuously improve. We are thrilled to welcome the VictorOps team to the Splunk family as we extend Splunk’s vision of using data as the backbone of IT.”

“We founded VictorOps to give teams a naturally collaborative way to quickly resolve incidents,” said Todd Vernon, chief executive, VictorOps. “By combining VictorOps incident management capabilities and the Splunk platform, organisations 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.”

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David M Williams

David has been computing since 1984 where he instantly gravitated to the family Commodore 64. He completed a Bachelor of Computer Science degree from 1990 to 1992, commencing full-time employment as a systems analyst at the end of that year. David subsequently worked as a UNIX Systems Manager, Asia-Pacific technical specialist for an international software company, Business Analyst, IT Manager, and other roles. David has been the Chief Information Officer for national public companies since 2007, delivering IT knowledge and business acumen, seeking to transform the industries within which he works. David is also involved in the user group community, the Australian Computer Society technical advisory boards, and education.

 

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