Alert management start-up VictorOps reached a $120 million deal with machine data solutions firm, Splunk.
Splunk uses data analytics and artificial intelligence to locate alert incidents within masses of log data. Then VictorOps can manage the delivery of alerts to the right on-call technical staff.
The two companies combine data analytics with DevOps.
“The world is changing,” said VictorOps’ chief executive and co-founder Todd Vernon.
“Companies are increasingly relying on software for their competitive advantage in business,” Vernon said. “Software that historically changed a few times a year, now changes hourly or even by the minute in progressive, market-savvy companies.”
VictorOps was founded to provide a collaborative way to quickly resolve software incidents. “By combining VictorOps incident management capabilities and the Splunk platform,” Vernon said, “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.”
“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 at Splunk. The intention is the integration of Splunk Enterprise with VictorOps will deliver monitoring, event management, on-call management and ChatOps.