Atlassian Acquires Trello
10 January 2017
Atlassian Acquires Trello for a $425 million Dollars
We know for a fact that we live in an era where Online Collaboration and project management are growing increasingly intertwined in business technology. Today, an Enterprise Software Company; Atlassian carried this trend with the acquisition of Trello in a $425 million deal.
Trello is a visual collaboration and project management application that allows users to manage digital sticky notes and whiteboards. Atlassian has acquired Trello for $360 million dollars in cash and the remainder in restricted shares. Atlassian Hipchat has already been integrated with Trello, and the company still plans to integrate Trello's collaboration project into Confluence, Bitbucket, and their flagship Atlassian Jira Software and project making platform. All these apps are currently available in Atlassian's marketplace.
Here's a statement from Mr. Mike Cannon-Brookes, the co-founder, and co-CEO of Atlassian, in a news release about the acquisition:
"There is no silver bullet for teamwork. Teams have diverse ways of working and require a broad set of tools that adapt to their specific needs. Trello has built an incredibly sticky and useful product for organizing nearly any type of information simply and quickly. The addition of Trello will be a great complement to our existing portfolio of team collaboration software"
We are looking forward to Atlassian's Q2 report this 19th of January to know more about this transaction and learn how they plan to integrate more of Trello's services with their products.