Machine data analytics software developer Splunk has struck a deal to acquire VictorOps, a developer of DevOps incident management tools, in a move that will expand Splunk’s product lineup for software developers.
Splunk is buying VictorOps for approximately $120 million, the companies said, nearly all in cash with some Splunk securities. Splunk expects to complete the acquisition during its second fiscal quarter, which ends July 31, pending regulatory approvals and other closing conditions.
