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,

What feeling does this article give you?

#hashtags to follow:

Splunk [+]    VictorOps [+]    Boulder [+]    Colo [+]    Doug Merritt [+]    Coca [+]    Cola [+]   

More #news: