VictorOps, a Boulder software developer and incident management solutions provider, has been bought for $120 million by San Francisco-based data platform company Splunk.
The purchase does not mean VictorOps plans to pull up stakes from Boulder and relocate in California, CEO Todd Vernon said. To the contrary: The roughly 90-employee, 6-year-old company intends to expand its local operations.
"We are planning a big presence in Boulder and we are always looking for talented people," he said. "I could see a couple of hundred people (working in Boulder) over the next couple of years."
"Splunk was already looking at the Boulder area (for potential expansion), so we are going to easily double our footprint," Vernon said.
"It's a big deal for sure," he said of the acquisition. "And it's a good deal all around: for the founders, the employees, the investors."
Vernon stressed that the two firms' missions are aligned and they have partnered successfully on projects in the past.
In a blog post on VictorOps' website, Vernon wrote that the firm "will join Splunk's IT Markets group and together will provide on-call technical staff an analytics and(artificial intelligence)-driven approach for addressing the incident lifecycle, from monitoring to response to incident management to continuous learning and improvement."
The purchase is expected to be finalized later this year.
"The combination of machine data analytics and artificial intelligence from Splunk with incident management from VictorOps ... will help modern development teams innovate faster and deliver better customer experiences," Splunk CEO Douglas Merritt said in a statement. "We are thrilled to welcome the VictorOps team to the Splunk family as we extend Splunk's vision of using data as the backbone of IT."
Lucas High: 303-684-5310, lhigh@times-call.com, twitter.com/lucashigh