Atlassian Is Buying Trello For $425 Million

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Atlassian Is Buying Trello For $425 Million

Source: http://blogs.atlassian.com/2017/01/atlassian-plus-trello/

Atlassian is a publicly traded business. Today, it announced that it is going to acquire Trello, which is another startup that offers task management features. The company will pay Trello a whopping $425 million. It will pay $360 million in cash while the remaining amount will be put in stock.

However, the deal is not yet completed. Then again, it is stated to close later this quarter. Atlassian will allow Trello’s chief executive to stay in charge. It means that it continues operating the same way as it is today. It will also remain to run on Amazon Web Services, and the team will keep its headquarters in New York. But users will expect to see a lot of new features to come soon.

What Is Trello?

Atlassian Is Buying Trello For $425 Million

Source: http://i.kinja-img.com/gawker-media/image/upload/t_original/nawinxoynvbtgoax6qk5.png

It is a San-Francisco-based company that claims to have 17 million users. Its employees came from big-time companies, like Google, Adobe Systems, and National Geographic, among others.

Trello is not the only app that lets you co-create and edit documents while you track projects without the email threads. Announced last summer, Microsoft Planner will be introducing the same app as Trello but with unique functionalities.

Originally named Trellis, Trello was inspired by how software teams used Post-It note to track their projects. However, it is now considered as a tool that anyone could use for anything. It launched in 2011.

When you start using it, you become addicted to it immediately. You can use it for your work, family matters or quick to-do lists. A lot of users promote it because of its convenience and simplicity. It is also a reliable tool that you can use to capture and store your ideas.

Atlassian And Trello

These two companies have something in common. The former offers Confluence, which is a collaboration software used by large enterprises. It allows users to combine all types of files to synchronized pages. The latter, on the other hand, is a flexible yet simple product. You can mold and adapt it for a group or a single individual.

It fits between Confluence and JIRA. The latter product is a workflow tracking tool designed for software developers and other techies. However, it splits into three products. One for techies; second is for nontechnical business individuals; third is for technical support people.

Currently, Trello has an estimated 100 employees. All of them will join the 1,800 employees at Atlassian.

On January 19, Atlassian will host its second conference. The company reported $457 million in revenue in the last fiscal year.

Atlassian is also planning to introduce a new version of Trello with a group chat feature that provides new links between Trello and the company’s other products.

Would The Acquisition Ruin Trello?

Hopefully, it would not. That’s the assurance of Atlassian’s president. In 14 years, this is the 18th acquisition of the company. HipChat and Bitbucket are just two of the acquired properties of Atlassian.

But the most important thing about this news is that Trello will not go anywhere (thankfully).


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Author: Jane Danes

Jane has a lifelong passion for writing. As a blogger, she loves writing breaking technology news and top headlines about gadgets, content marketing and online entrepreneurship and all things about social media. She also has a slight addiction to pizza and coffee.

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