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Splunk Inc to acquire VictorOps

Splunk Inc., a provider of software solutions to organisations for data management and analysis, has acquired VictorOps for approximately $120 million, PE Hub reported. Backed by Shea Ventures, Foundry Group and Costanoa Ventures, Colorado-based VictorOps is a real-time incident management platform. The deal is expected to close during Splunk's fiscal second quarter.

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M&A,M&A deals,mergers and acquisitions