Atlassian

Atlassian Corporation Plc
Public
Traded as NASDAQ: TEAM (Class A)
Russell 1000 Component
Industry Software
Founded Sydney, Australia
2002 (2002)
Headquarters Sydney, Australia
Key people
 Mike Cannon-Brookes and Scott Farquhar (Co-Founders & CEOs)
Products
Revenue $619.9 million (July 2017)
Number of employees
 2,292 (Oct 2017[1])
Website Atlassian

Atlassian Corporation Plc (/ətˈlæsiən/) is an Australian enterprise software company that develops products for software developers, project managers, and content management.[2][3][4] It is best known for its issue tracking application, Jira, and its team collaboration and wiki product, Confluence.[3][5] Atlassian serves over 120,000 customers[6].[2][3][7][8][9]

History

Mike Cannon-Brookes and Scott Farquhar founded Atlassian in 2002.[2][7] The pair met while studying at the University of New South Wales in Sydney.[10] They bootstrapped the company for several years, financing the startup with a $10,000 credit card debt.[5]

The name derives from the Titan Atlas from Greek mythology who had been punished to hold up the Heavens after the Greek gods had overthrown the Titans. This was reflected in the company's logo used from 2011 through to the 2017 re-branding through a blue X-shaped figure holding up what is shown to be the bottom of the sky.[11]

Atlassian released its flagship product, Jira – a project and issue tracker, in 2002. In 2004, it released Confluence, a team collaboration platform that lets users work together on projects, co-create content, and share documents and other media assets.[12] In 2006, Cannon-Brookes and Farquhar were named Ernst & Young’s Entrepreneurs of the Year for Australia.[13]

In July 2010, Atlassian raised $60 million in venture capital from Accel Partners.[8]

In June 2011, Atlassian announced revenue of $102 million, up 35% from the year before.[14] In August 2011, Jay Simons became president, while Cannon-Brookes and Farquhar kept their positions as "co-chief executive".[15] For the June 2014 fiscal year, Atlassian reported $215 million in revenue, up from $144 million in 2013.[16]

In a 2014 restructuring, the parent company became Atlassian Corporation plc of the UK, with a registered address in London—though the actual headquarters remained in Sydney.[17] Atlassian has offices in five countries: Amsterdam in the Netherlands; Austin, San Francisco, and Mountain View, California,[18] in the United States; Manila in the Philippines; Yokohama in Japan, and Sydney in Australia. The group has over 2,200 employees serving more than 60,000 customers and millions of users.[1][7][19]

In November 2015, Atlassian announced sales of $320 million,[20] and Shona Brown was added to its board.[15] On 10 December 2015 Atlassian made its initial public offering (IPO) on the NASDAQ stock exchange,[21] under the symbol TEAM, putting the market capitalization of Atlassian at $4.37 billion.

Sales setup

Atlassian does not have a traditional sales team. Instead, it lists all prices, information about products, documentation, support requests, and training materials on its website.[22][23] Most of their products are available as hosted or installed versions.

Acquisitions and product announcements

In 2010, Atlassian acquired Bitbucket, a hosted service for code collaboration.[24] In May 2012, Atlassian Marketplace was introduced as a website where customers can download plug-ins for various Atlassian products.[25][26][27] That year, Atlassian also released Stash, a Git repository for enterprises, later renamed Bitbucket Server.[28]

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 through the acquisition of another Australian software company, Cenqua, in 2007.[29] In 2012, Atlassian acquired HipChat, an instant messenger for workplace environments. Doug Burgum became chairman of its board of directors in July 2012.[30]

In 2013, Atlassian announced a Jira service desk product with full service-level agreement support.[31]

SourceTree
Developer(s) Atlassian
Stable release
2.6.3 (Mac) / 1.8.2.11 (Windows)
License Proprietary
Website atlassian.com

SourceTree is a Git and Mercurial desktop client for developers on Mac or Windows.

In 2015 it announced its acquisition of work chat company Hall, with the intention of migrating all Hall's customers across to its own chat product HipChat.[32]

A small startup called Dogwood Labs in Denver, Colorado which had a product called StatusPage was acquired in July 2016.[33][34]

In January 2017 Atlassian announced the purchase of Trello for $425 million.[35]

On 7 September 2017 the company launched Stride, a web chat alternative to Slack.[36][37]. 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 shut down Hipchat and Stride in 2019.

On 4 September 2018 the company acquired OpsGenie for $295m.[38]

Philanthropy

In March 2011, the company raised $1 million for the charity Room to Read from sales of its $10 "Starter" licences.[39]

References

  1. 1 2 "Shareholder Letter Q1 FY18" (PDF). Atlassian Corporation Plc. 2017. Archived (PDF) from the original on 23 October 2017. Retrieved 22 October 2017.
  2. 1 2 3 Moses, Asher (15 July 2010). "From Uni dropouts to software magnates". The Sydney Morning Herald. Archived from the original on 4 December 2013.
  3. 1 2 3 "Why Atlassian is to Software as Apple is to Design". Forbes. Archived from the original on 13 May 2013. Retrieved 15 May 2013.
  4. ↑ Finley, Klint. "Atlassian Challenges GitHub to a Fork Fight". Wired. Archived from the original on 22 May 2013. Retrieved 15 May 2013.
  5. 1 2 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.
  6. ↑ "Atlassian customer growth hits record high, revenue up 40 per cent". Financial Review. 2018-04-20. Retrieved 2018-10-02.
  7. 1 2 3 "About". Atlassian. Archived from the original on 12 April 2015. Retrieved 18 April 2015.
  8. 1 2 Tam, Pui-Wing. "Accel Invests $60 Million in Atlassian". The Wall Street Journal. Archived from the original on 17 March 2013. Retrieved 15 May 2013.
  9. ↑ Williams, Alex. "Atlassian Extends Confluence Collaboration Platform, Now Competing More with Jive Software and Other Social Providers". TechCrunch. Archived from the original on 22 May 2013. Retrieved 15 May 2013.
  10. ↑ Asher, Moses. "From Uni dropouts to software magnates". Sydney Morning Herald. Archived from the original on 14 December 2012. Retrieved 15 May 2013.
  11. ↑ "Behind the Scenes of the Atlassian Logo Redesign - Atlassian Blog". 27 October 2011. Retrieved 28 September 2017.
  12. ↑ "Products". Atlassian. Archived from the original on 14 May 2013. Retrieved 15 May 2013.
  13. ↑ "Ali Moore speaks with Michael Cannon-Brookes (video)". YouTube. Archived from the original on 6 June 2015. Retrieved 15 May 2013.
  14. ↑ Schonfeld, Erick. "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.
  15. 1 2 "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.
  16. ↑ "Atlassian Posts Another Banner Year With 44% Revenue Growth". Press release. Atlassian. 10 September 2014. Archived from the original on 20 May 2015. Retrieved 25 January 2017.
  17. ↑ Hutchinson, James. "Atlassian's Farquhar justifies London switch". Archived from the original on 13 October 2015. Retrieved 15 September 2015.
  18. ↑ Bryce Druzin (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.
  19. ↑ Sharma, Mahesh (9 April 2014). "Atlassian valued at $3.5 billion". IT Pro. Sydney Morning Herald. Archived from the original on 15 May 2014. Retrieved 22 May 2014.
  20. ↑ 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.
  21. ↑ Primack, Dan. "And the Price of the Last Big Tech IPO of 2015 Is..." Archived from the original on 11 December 2015.
  22. ↑ Fidelman, Mark. "Why Atlassian is to Software as Apple is to Design". Forbes. Archived from the original on 13 May 2013. Retrieved 15 May 2013.
  23. ↑ 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.
  24. ↑ Rao, Leena. "Atlassian Buys Mercurial Project Hosting Site BitBucket". Tech Crunch. Archived from the original on 14 May 2013. Retrieved 15 May 2013.
  25. ↑ Miller, Kyle. "Browse, Try, Buy, on Atlassian Marketplace". Atlassian Blogs. Archived from the original on 1 July 2013. Retrieved 15 May 2013.
  26. ↑ "Atlassian announces app store for app developers". SD Times. Archived from the original on 10 May 2013. Retrieved 15 May 2013.
  27. ↑ "Atlassian Launches A Marketplace For Project Management Add-Ons". Tech Crunch. Archived from the original on 12 August 2016. Retrieved 16 June 2016.
  28. ↑ 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.
  29. ↑ Burnette, Ed. "Atlassian acquires Cenqua, drops .NET". ZDNet. Archived from the original on 19 June 2013. Retrieved 15 May 2013.
  30. ↑ Natalie Apostolou (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.
  31. ↑ Barb Darrow (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.
  32. ↑ "Atlassian buys rival work chat tool Hall". Business Spectator / The Australian Business Review. 8 May 2015.
  33. ↑ Frederic Lardinois (14 July 2016). "Atlassian acquires StatusPage". Tech Crunch. Archived from the original on 19 January 2017. Retrieved 25 January 2017.
  34. ↑ Ben Miller (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.
  35. ↑ Frederic Lardinois (9 January 2017). "Atlassian acquires Trello for $425M". Tech Crunch. Archived from the original on 29 January 2017. Retrieved 25 January 2017.
  36. ↑ Lardinois, Frederic. "Atlassian launches Stride, its Slack competitor | TechCrunch". Archived from the original on 7 September 2017. Retrieved 7 September 2017.
  37. ↑ "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.
  38. ↑ "Terms of Service Violation". www.bloomberg.com. Retrieved 4 September 2018.
  39. ↑ Cannon-Brookes, Mike. "You did it! Atlassian raises $1 million for Room to Read". Atlassian Blogs. Archived from the original on 13 May 2013. Retrieved 15 May 2013.
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