Quote from RackSpace YouTube.
DevOps integrates developers and operations teams in order to improve collaboration and productivity by automating infrastructure, automating workflow and continuously measuring application performance.
I agree with the statement 50% because there is one important aspect that is missing from it. I believe that DevOps should have a connotation that you or your team owns the whole process from design, code, test, deploy, monitor to maintain.
Regardless though, automation and integration is the key.