Machine data and operational insights company Splunk said it will buy VictorOps, a DevOps incident management company. The deal is valued at $120 million in cash and securities, and is expected to close during Splunk’s fiscal second quarter, which ends July 31.
VictorOps is a Boulder, Colorado-based startup that connects software developers to solve technical issues in the network. Its integrated platform provides real-time awareness of issues, enables alerts, supports collaboration, and provides documentation of incidents. It also uses diagnostics based on humans and machine learning to increase software reliability and to help programmers avoid repeating bad code before it gets posted.
Splunk said that the acquisition will combine the machine data analytics and artificial intelligence (AI) capabilities from its big data platform with the incident management tools of VictorOps to craft a “platform of engagement.” This platform will combine monitoring, event management, on-call management, incident management, and “ChatOps” — which combines people, discussions, bots, and tools to enhance team collaboration.
In an interview with Fortune, Splunk CEO and President Doug Merritt said the VictorOps assets will provide the collaboration platform currently missing from the Phantom Cyber assets it purchased in February. Phantom provides security orchestration, automation, and response (SOAR) to manage security operations.
The companies had previously integrated their technologies as a platform to monitor a systems’ health by collecting data and alerting the correct person or team about issues.
VictorOps was founded in 2012, and has raised $33.7 million in funding. Its team of 90 employees is expected to be retained by Splunk and remain in Boulder.