Splunk, an American public multinational software corporation based in San Francisco, agreed to acquire Omnition, a stealth-mode SaaS company that is innovating in distributed tracing, improving monitoring across microservices applications. Financial terms were not disclosed. "The combined power of Splunk and Omnition will provide users with a leading observability technology, bringing tracing together with logs within one of the most advanced IT monitoring and analytics platform," said Splunk CTO Tim Tully, in a blog post.