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.
“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.”