Splunk to Acquire Software Problem-Solver VictorOps for $120 Million

Big data-cruncher Splunk is acquiring VictorOps, a Boulder, Colo.-based startup whose tools help software developers collaborate and resolve engineering issues, for $120 million mostly in cash with some stock equity. The deal is expected to close before August.

Doug Merritt, Splunk's CEO and president, described the company's acquisition strategy on a call with Fortune. He said Splunk is perpetually on the lookout for tie-ups that will boost the benefits its customers--such as Coca-Cola,

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