Splunk has announced that it will be acquiring DevOps incident management leader VictorOps, Inc., in a deal worth approximately $120 million, to be paid in cash and Splunk securities.
“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 Splunk’s President and CEO Doug Merritt. “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 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.
– Doug Merritt, CEO and President, Splunk
Splunk and VictorOps plan to apply artificial intelligence and machine learning to monitoring, event management and incident response platforms, in order to mitigate the challenges of ‘alert fatigue’, as well as vague alerts, a tendency towards reactive rather than proactive security, and siloed rather than collaborative teams.
The combination of the VictorOps and Splunk platforms, the companies hope, will allow engineering and operations teams to work far more quickly and effectively.
Todd Vernon, CEO of VictorOps, said: “We founded VictorOps to give teams a naturally collaborative way to quickly resolve incidents. 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.”