{"id":39465,"date":"2023-10-20T15:02:41","date_gmt":"2023-10-20T15:02:41","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/atlassian-makes-its-first-startup-acquisition-since-the-australian-tech-giants-6-billion-ipo-startupsmart\/"},"modified":"2023-10-20T15:02:41","modified_gmt":"2023-10-20T15:02:41","slug":"atlassian-makes-its-first-startup-acquisition-since-the-australian-tech-giants-6-billion-ipo-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/atlassian-makes-its-first-startup-acquisition-since-the-australian-tech-giants-6-billion-ipo-startupsmart\/","title":{"rendered":"Atlassian makes its first startup acquisition since the Australian tech giant’s $6 billion IPO – StartupSmart"},"content":{"rendered":"
\"Atlassian<\/div>\n

Atlassian has bought a small Y Combinator-incubated startup, marking its first acquisition since\u00a0the Australian startup success story’s $6 billion IPO late last year.<\/a><\/p>\n

Announced in a blog post by co-founder and CEO Scott Farquhar<\/a>, Atlassian has acquired Denver-based startup StatusPage for an undisclosed amount of money.<\/p>\n

Founded three years ago, StatusPage is a platform allowing online businesses to create a custom page to update customers and internal staff about the status of their online services.<\/p>\n

A perfect fit<\/h3>\n

According to Farquhar, it is the \u201csingle source of truth for the status of cloud services\u201d, and is a natural fit with Atlassian\u2019s services.<\/p>\n

\u201cInternal status pages are just as important as customer facing ones,\u201d Farquhar writes.<\/p>\n

\u201cAs companies build and depend on their internal services, internal status pages allow IT and operations departments to efficiently communicate status across the country.<\/p>\n

\u201cThat\u2019s why StatusPage and Atlassian are a perfect fit. StatusPage furthers Atlassian\u2019s mission to help teams everywhere communicate and collaborate better.\u201d<\/p>\n

The Atlassian co-founders have continually argued that every company now is a software company, and that all of these businesses will need a way to keep their users informed when something goes wrong.<\/p>\n

\u201cProviding status and regularly communicating with your customers \u2013 especially during incidents \u2013 has become a critical part of the software delivery process,\u201d Farquhar says.<\/p>\n

\u201cWe believe a service without status is incomplete. Imagine a mobile phone that doesn\u2019t display its cell signal. When a call drops, or a web page doesn\u2019t load, you have no way of knowing why.\u201d<\/p>\n

Joining the Atlassian family<\/h3>\n

The purchase marks Atlassian\u2019s first acquisition since it went public in the US in December last year, raising more than $605 million through an IPO that valued the Sydney-founded company at more than $6 billion.<\/p>\n

The business communication platform has made a series of other acquisitions previously, including Hall most recently last year, BitBucket in 2010 and flagship offering HipChat in 2012.<\/p>\n

Atlassian\u2019s third quarter financial results<\/a> pointed to an increased focus on R&D and product development, signalling an intent to make further acquisitions like this one.<\/p>\n

StatusPage co-founder Danny Olinksy says he is \u201csuper excited\u201d to be joining Atlassian\u2019s family.<\/p>\n

\u201cWhether you know it or not, chances are you\u2019ve used a product built by an Atlassian customer,\u201d Olinsky writes in a blog post.<\/a><\/p>\n

\u201cThey were an early StatusPage customer and have always been a strong StatusPage advocate. They understand that building software isn\u2019t just about shipping features but also about providing a reliable service and being transparent with users when things don\u2019t go as planned.<\/p>\n

\u201cIn a world of unicorns, amazing burn rates and grow-at-all-costs cultures, there isn\u2019t a better company we could have chosen to join.\u201d<\/p>\n

Follow StartupSmart on<\/em> Facebook<\/a>,<\/em>\u00a0Twitter<\/a>,\u00a0<\/em>LinkedIn<\/a>\u00a0<\/em>and\u00a0<\/em>SoundCloud<\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Atlassian has bought a small Y Combinator-incubated startup, marking its first acquisition since\u00a0the Australian startup success story’s $6 billion IPO<\/p>\n","protected":false},"author":2,"featured_media":61374,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6,1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/39465"}],"collection":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/comments?post=39465"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/39465\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/61374"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=39465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=39465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=39465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}