Splunk Inc.
announced a definitive agreement to acquire VictorOps, Inc., a leader in
DevOps incident management. Under the terms of the agreement, Splunk
will acquire VictorOps for a total purchase price of approximately $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.
"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
CEO, 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, CEO, VictorOps. "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."
AI for Collaborative Incident Management
Customers
around the world are demanding innovative digital experiences that
place a burden on development teams to innovate faster than ever before;
however, challenges such as vague alerts, reactive operations and
siloed teams often get in the way of delivering high-quality customer
engagements and fully embracing an IT strategy fueled by AIOps.
To
combat this, organizations are increasingly turning towards artificial
intelligence (AI) and machine learning (ML) solutions to help them focus
on critical aspects of the customer experience. By applying ML and AI
to monitoring, event management and incident management data, Splunk and
VictorOps will enable DevOps teams to speed resolution and learn from
past actions to make proactive recommendations.
Thousands
of customers use Splunk Enterprise to proactively monitor, visualize
and get answers from their machine data. The combination of Splunk
Enterprise and VictorOps will deliver a ‘Platform of Engagement'-
combining monitoring, event management, on-call management and ChatOps.
Ultimately, this enables modern engineering and operations teams to
quickly solve problems in high-velocity deployment environments to
maximize customer success.
Nearly all of the purchase price consideration will be paid in cash, funded from Splunk's balance sheet.