Atlassian Corporation
TypePublic company
ISINGB00BZ09BD16
IndustrySoftware
Founded2002 (2002)
Sydney
Founders
Headquarters
Sydney, New South Wales
,
Australia
Key people
  • Shona Brown (chair)
  • Scott Farquhar (co-CEO)
  • Mike Cannon-Brookes (co-CEO)
Products
RevenueIncrease US$3.53 billion (2023)
Decrease US$−345 million (2023)
Negative increase US$−487 million (2023)
Total assetsIncrease US$4.11 billion (2023)
Total equityIncrease US$655 million (2023)
Number of employees
10,726 (June 2023)
Websitewww.atlassian.com
Footnotes / references
[1][2][3]

Atlassian Corporation (/ətˈlæsiən/) is an Australian software company that develops products for software developers, and project managers among other groups. The company is domiciled in Delaware, with global headquarters in Sydney, Australia, and US headquarters in San Francisco.[4][5]

In the fourth fiscal quarter of 2022, Atlassian reported serving 242,623 customers in over 190 countries, with 10 million monthly active users.[6][7] As of June 2022, the company had 8,813 employees across 13 countries.[8][9][10]

History

Mike Cannon-Brookes and Scott Farquhar founded Atlassian in 2002 after having met while students at the University of New South Wales in Sydney.[11][12][13] They bootstrapped the company for several years, financing the startup with a $10,000 credit card debt.[14]

The name is an ad hoc derivative of Atlas, the Titan in Greek mythology who the gods had condemned to hold up the Heavens after the gods overthrown them. (The usual form of the word is Atlantean.) The company's logo reflected this from 2011 through 2017 with its stylized blue human holding up what is shown to be the bottom of the sphere of the sky.[15]

2002 – Jira, the project and issue tracker that would become its flagship product.[16]

2004 – Confluence, a team collaboration platform that lets users work together on projects, co-create content, and share documents and other media assets.[17]

In July 2010, Atlassian raised $60 million in secondaries venture capital from Accel Partners.[18] By June of the next year it announced that revenue had increased %35 in the previous year to $102 million.[19] The 2014 restructuring saw the parent company became Atlassian Corporation PLC of the UK whose address was registered in London though the de facto headquarters remained in Sydney.[20]

In November 2015, Atlassian announced sales of $320 million,[21] and Shona Brown was added to its board.[22] On 10 December 2015, Atlassian made its initial public offering (IPO) on the NASDAQ stock exchange,[23] under the symbol TEAM, putting the market capitalization of Atlassian at $4.37 billion.[24] The IPO made its founders Farquhar and Cannon-Brookes Australia's first tech startup billionaires and household names in their native country, despite Atlassian being called a "very boring software company" in The New York Times for its focus on development and management software.[12][25][26]

In March 2019, Atlassian's value was US$26.6 billion.[27] Cannon-Brookes and Farquhar own approximately 30% each. In October 2020, Atlassian announced the end of support for their "Server" products with sales ending in February 2021 and support ending in February 2024 to focus on "Cloud" and "Data Center" editions.[28]

In October 2021, Atlassian received approval to construct their new Headquarters in Sydney, which will anchor the Tech Central precinct.[29] Their building is planned to be the world's tallest hybrid timber structure and will embody leading sustainability technologies and principles.[30]

In March 2023, the firm announced layoffs of 500 employees, 5% of its workforce.[31]

In October 2023, Microsoft identified a severe zero-day vulnerability that can be exploited remotely and anonymously in Atlassian's Confluence product. It also accused Chinese state-backed group known as Storm-0062, DarkShadow, or Oro0lxy, of breaking into Atlassian customers' systems several weeks earlier. Atlassian asked its customers to look for signs of a breach, as it could not itself confirm whether their systems were affected. The flaw has since been fixed via an update that the customers would need to apply.[32]

Sales setup

Atlassian used to not have a traditional sales team, relying instead on its website[33] and its partner channel.[34][35]

Acquisitions and product announcements

Additional products include Crucible, FishEye, Bamboo, and Clover, which target programmers working with a code base. FishEye, Crucible, and Clover came into Atlassian's portfolio by acquiring another Australian software company, Cenqua, in 2007.[36] In 2010, Atlassian acquired Bitbucket, a hosted service for code collaboration.[37]

In 2012, Atlassian acquired HipChat, an instant messenger for workplace environments. Then in May 2012, Atlassian Marketplace was introduced as a website where customers can download plug-ins for various Atlassian products.[38][39][40] That same year Atlassian also released Stash, a Git repository for enterprises, later renamed Bitbucket Server.[41] Also, Doug Burgum became chairman of its board of directors in July 2012.[42]

In 2013, Atlassian announced a Jira service desk product with full service-level agreement support.[43]

In May 2015, the company announced its acquisition of work chat company Hall, intending to migrate all of Hall's customers across to its chat product HipChat.[44] In April 2015, Atlassian announced that it had acquired Blue Jimp—the company behind Jitsi—to expand its video capabilities.[45]

A small startup called Dogwood Labs in Denver, Colorado, which had a product called StatusPage (that hosts pages updating customers during outages and maintenance), was acquired in July 2016.[46][47]

In January 2017, Atlassian announced the purchase of Trello for $425 million.[48] On 7 September 2017, the company launched Stride, a web chat alternative to Slack.[49][50] Less than a year later, on 26 July 2018, Atlassian announced it was going to exit the chat business, that it had sold the intellectual property for HipChat and Stride to competitor Slack, and that it was going to shut down HipChat and Stride in 2019. As part of the deal, Atlassian took a small stake in Slack.[51]

On 4 September 2018, the company acquired OpsGenie (a tool that generates alerts for helpdesk tickets) for $295 million.[52] In October 2018, the company announced that it was selling Jitsi to 8x8.[53]

On 18 March 2019, the company announced that it had acquired Agilecraft for $166 million.[54] On 17 October 2019, Atlassian completed the acquisition of Code Barrel, makers of "Automation for Jira", available on Jira Marketplace.[55]

On 12 May 2020, Atlassian acquired Halp, a tool that generates helpdesk tickets from Slack conversations,[56] for an undisclosed amount.[57] On 30 July 2020, Atlassian announced the acquisition of Mindville, a provider of IT service management software, for an undisclosed amount.[58]

On 26 February 2021, Atlassian acquired the cloud-based visualization and analytics company Chartio.[59]

On 19 April 2023, Atlassian announced the availability of "Atlassian Intelligence".[60]

On 12 October 2023, Atlassian made its biggest acquisition to date, by agreeing to buy video messaging company Loom for US$975 million, with the intention to integrate Loom's technology into its cloud-based products, such as Jira and Confluence.[61][62]

References

  1. ↑ "U.S. SEC: Atlassian Corporation Form 10-K". U.S. Securities and Exchange Commission. 18 August 2023.
  2. ↑ Farquhar, Scott; Cannon-Brookes, Mike; Deatsch, Cameron; Beer, James (28 April 2022). "Our Q3 FY22 letter to shareholders". Atlassian. Retrieved 2 June 2022.
  3. ↑ "Atlassian Corporation Form 8-K". U.S. Securities and Exchange Commission. 3 October 2022.
  4. ↑ "Office Envy: Inside Atlassian's San Francisco headquarters". CNBC. 24 February 2016.
  5. ↑ "Atlassian Announces Completion of its Redomiciliation to the United States" (Press release). San Francisco: Business Wire. 3 October 2022. Retrieved 4 October 2022.
  6. ↑ "Customers". Atlassian. Retrieved 2 June 2022.
  7. ↑ "Atlassian Announces Fourth Quarter and Fiscal Year 2022 Results". investors.atlassian.com. Retrieved 4 August 2022.
  8. ↑ Druzin, Bryce (28 November 2016). "San Francisco software firm opens Silicon Valley hub". Silicon Valley Business Journal. Archived from the original on 2 February 2017. Retrieved 25 January 2017.
  9. ↑ "Contact". Atlassian. Retrieved 2 June 2022.
  10. ↑ "Atlassian Announces Fourth Quarter and Fiscal Year 2022 Results". investors.atlassian.com. Retrieved 4 August 2022.
  11. ↑ "Atlassian Shareholder Letter Q2 FY19" (PDF). Atlassian. 17 January 2019. Retrieved 19 January 2023.
  12. 1 2 Moses, Asher (15 July 2010). "From Uni dropouts to software magnates". The Sydney Morning Herald. Archived from the original on 4 December 2013.
  13. ↑ Asher, Moses (14 July 2010). "From Uni dropouts to software magnates". The Sydney Morning Herald. Archived from the original on 14 December 2012. Retrieved 15 May 2013.
  14. ↑ Mckenzie, Hamish. "Hard yakka: Why Atlassian's founders are the pride of Australia's startup world". PandoDaily. Archived from the original on 17 May 2013. Retrieved 15 May 2013.
  15. ↑ "Behind the Scenes of the Atlassian Logo Redesign - Atlassian Blog". 27 October 2011. Archived from the original on 30 October 2020. Retrieved 28 September 2017.{{cite web}}: CS1 maint: unfit URL (link)
  16. ↑ Weinberger, Matt. "The co-CEOs of $26 billion Atlassian changed the way programmers work together. Now, they explain their plan to do it for everybody else too". Business Insider. Retrieved 5 May 2019.
  17. ↑ "Products". Atlassian. Archived from the original on 14 May 2013. Retrieved 15 May 2013.
  18. ↑ Tam, Pui-Wing (14 July 2010). "Accel Invests $60 Million in Atlassian". The Wall Street Journal. Archived from the original on 17 March 2013. Retrieved 15 May 2013.
  19. ↑ Schonfeld, Erick (16 January 2012). "Atlassian's 2011 Revenues Were $102 Million With No Sales People". Tech Crunch. Archived from the original on 21 May 2013. Retrieved 15 May 2013.
  20. ↑ Hutchinson, James. "Atlassian's Farquhar justifies London switch". Archived from the original on 13 October 2015. Retrieved 15 September 2015.
  21. ↑ Lunden, Ingrid; Roof, Katie; Wilhelm, Alex (9 November 2015). "Enterprise Software Co Atlassian Files IPO on Sales Of $320M, Net Income Of $6.8M in 2015". Tech Crunch. Archived from the original on 11 February 2017. Retrieved 25 January 2017.
  22. ↑ "Form F-1 Amendment 3: Registration of Securities". US Securities and Exchange Commission. 7 December 2015. Archived from the original on 13 March 2016. Retrieved 25 January 2017.
  23. ↑ Primack, Dan. "And the Price of the Last Big Tech IPO of 2015 Is..." Archived from the original on 11 December 2015.
  24. ↑ "And the Price of the Last Big Tech IPO of 2015 Is..." Fortune. Retrieved 17 December 2018.
  25. ↑ Finley, Klint. "Atlassian Challenges GitHub to a Fork Fight". Wired. Archived from the original on 22 May 2013. Retrieved 15 May 2013.
  26. ↑ Bowles, Nellie (13 February 2019). "The Strange Experience of Being Australia's First Tech Billionaires". The New York Times. ISSN 0362-4331. Retrieved 18 September 2020.
  27. ↑ Kruger, Colin (19 March 2019). "Atlassian founders worth $10 billion each after record stock rise". The Sydney Morning Herald. Retrieved 5 May 2019.
  28. ↑ "Atlassian to end sale and support of on-premise server products by 2024". ZDNET. Retrieved 21 August 2022.
  29. ↑ McKeown, Renee (18 October 2021). "Atlassian Wins Approval for $1bn Tech Central Tower". The Urban Developer. Retrieved 17 January 2022.
  30. ↑ "World's tallest hybrid timber tower to house Atlassian HQ in Sydney". ArchitectureAU. Retrieved 17 January 2022.
  31. ↑ Ford, Brody (6 March 2023). "Atlassian to Eliminate 500 Jobs in Latest Software Cutbacks". Bloomberg.com. Retrieved 6 March 2023.
  32. ↑ Bonyhady, Nick (11 October 2023). "Atlassian hit by Chinese state-linked hackers". Australian Financial Review.
  33. ↑ Douglas MacMillan (8 April 2014). "Atlassian Valued at $3.3 Billion Selling Business Software Sans Salespeople". Wall Street Journal Digits blog. Archived from the original on 2 February 2017. Retrieved 25 January 2017.
  34. ↑ Player, Chris. "Atlassian's partner program comes of age".
  35. ↑ Teal, Kelly (5 September 2019). "Atlassian 'Doubling Down' on Cloud Means More Margin for Partners".
  36. ↑ Burnette, Ed. "Atlassian acquires Cenqua, drops .NET". ZDNet. Archived from the original on 19 June 2013. Retrieved 15 May 2013.
  37. ↑ Rao, Leena (29 September 2010). "Atlassian Buys Mercurial Project Hosting Site BitBucket". Tech Crunch. Archived from the original on 14 May 2013. Retrieved 15 May 2013.
  38. ↑ Miller, Kyle. "Browse, Try, Buy, on Atlassian Marketplace". Atlassian Blogs. Archived from the original on 1 July 2013. Retrieved 15 May 2013.
  39. ↑ "Atlassian announces app store for app developers". SD Times. 6 June 2012. Archived from the original on 10 May 2013. Retrieved 15 May 2013.
  40. ↑ "Atlassian Launches A Marketplace For Project Management Add-Ons". Tech Crunch. 30 May 2012. Archived from the original on 12 August 2016. Retrieved 16 June 2016.
  41. ↑ Frederic Lardinois (22 September 2015). "Atlassian Updates Its Git Services, Combines Them Under The Bitbucket Brand". Tech Crunch. Archived from the original on 2 February 2017. Retrieved 25 January 2017.
  42. ↑ Apostolou, Natalie (20 July 2012). "Atlassian heading for the exit? New Board members have extensive experience selling software companies to the big boys". The Register. Archived from the original on 2 February 2017. Retrieved 25 January 2017.
  43. ↑ Darrow, Barb (2 October 2013). "Atlassian parlays Jira issue tracking tool in service desk world". Giga Om. Archived from the original on 2 February 2017. Retrieved 25 January 2017.
  44. ↑ "Atlassian buys rival work chat tool Hall". Business Spectator / The Australian Business Review. 8 May 2015.
  45. ↑ Spencer, Leon (21 April 2015). "Atlassian acquires video conferencing company Blue Jimp". ZDNet.
  46. ↑ Lardinois, Frederic (14 July 2016). "Atlassian acquires StatusPage". Tech Crunch. Archived from the original on 19 January 2017. Retrieved 25 January 2017.
  47. ↑ Miller, Ben (16 July 2016). "Denver tech company bought, moving to San Francisco". Denver Business Journal. Archived from the original on 2 February 2017. Retrieved 25 January 2017.
  48. ↑ Lardinois, Frederic (9 January 2017). "Atlassian acquires Trello for $425M". Tech Crunch. Archived from the original on 29 January 2017. Retrieved 25 January 2017.
  49. ↑ Lardinois, Frederic (7 September 2017). "Atlassian launches Stride, its Slack competitor | TechCrunch". Archived from the original on 7 September 2017. Retrieved 7 September 2017.
  50. ↑ "Atlassian launches Stride, the latest would-be Slack killer". Reuters. 7 September 2017. Archived from the original on 10 September 2017. Retrieved 11 September 2017.
  51. ↑ Bass, Dina; Huet, Ellen (26 July 2018). "Goodbye HipChat: Slack and Atlassian Team Up on Chat Software". www.bloomberg.com. Bloomberg. Retrieved 4 July 2019.
  52. ↑ Grant, Nico; Bass, Dina (4 September 2018). "Atlassian Buys OpsGenie to Expand in ServiceNow's Market". Bloomberg L.P. Retrieved 4 September 2018.
  53. ↑ Lunden, Ingrid (29 October 2018). "Atlassian sells Jitsi, an open-source videoconferencing tool it acquired in 2015, to 8×8". TechCrunch.
  54. ↑ "Atlassian acquires AgileCraft for $166M". Techcrunch. 18 March 2019. Retrieved 18 March 2019.
  55. ↑ "Atlassian acquires Code Barrel, makers of Automation for Jira". TechCrunch. 17 October 2019. Retrieved 30 September 2020.
  56. ↑ "Atlassian acquires help desk firm Halp". 12 May 2020. Retrieved 28 February 2022.
  57. ↑ "Atlassian acquires Halp to bring Slack integration to the forefront". Techcrunch. Retrieved 14 May 2019.
  58. ↑ "Atlassian acquires asset management company Mindville". TechCrunch. 30 July 2020. Retrieved 30 September 2020.
  59. ↑ Dignan, Larry. "Atlassian acquires Chartio, plans to add data visualization to Jira". ZDNet. Retrieved 14 March 2021.
  60. ↑ "Atlassian taps OpenAI to make its collaboration software smarter". cnbc.com. Retrieved 24 April 2023.
  61. ↑ Sriram, Akash (12 October 2023). "Atlassian to buy video messaging provider Loom for nearly $1 billion". Reuters. Retrieved 13 October 2023.
  62. ↑ Biggs, Tim (13 October 2023). "Atlassian bets big on remote work with $1.5b acquisition". Sydney Morning Herald.
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