{"id":39472,"date":"2023-10-20T15:02:43","date_gmt":"2023-10-20T15:02:43","guid":{"rendered":"http:\/\/startupsmart.test\/2023\/10\/20\/atlassian-spends-577-million-to-acquire-productivity-app-trello-startupsmart\/"},"modified":"2023-10-20T15:02:43","modified_gmt":"2023-10-20T15:02:43","slug":"atlassian-spends-577-million-to-acquire-productivity-app-trello-startupsmart","status":"publish","type":"post","link":"https:\/\/www.startupsmart.com.au\/uncategorized\/atlassian-spends-577-million-to-acquire-productivity-app-trello-startupsmart\/","title":{"rendered":"Atlassian spends $577 million to acquire productivity app Trello – StartupSmart"},"content":{"rendered":"
\"Atlassian<\/div>\n

Tech giant Atlassian is kicking off the new year with a $US425 million ($577.8 million) acquisition of global productivity app Trello.<\/p>\n

This marks 15-year-old Atlassian\u2019s 18th acquisition, following the Australian company’s recent acquisitions of StatusPage, Hall, and BitBucket<\/p>\n

According to TechCrunch<\/em><\/a>, Atlassion will pay $US360 million ($489.6 million) in cash for five-year old Trello, with the remaining amount being paid off in \u201crestricted shares and options\u201d.<\/p>\n

Speaking to\u00a0StartupSmart,\u00a0<\/em>Atlassian co-founder Mike Cannon-Brookes says Trello is a “phenomenal product” but even more importantly, the startup has a “phenomenal team”.<\/p>\n

With the acquisition, Trello’s team of nearly 100 employees will join Atlassian.<\/p>\n

“[Trello’s] got great momentum, we used it a lot at work,” says Cannon-Brookes.<\/p>\n

\n

Massive day. Brilliant @trello<\/a> team joining the amazing @Atlassian<\/a> $TEAM<\/a> to change how the world works. https:\/\/t.co\/cVUOCYn5by<\/a><\/p>\n

\u2014 Mike Cannon-Brookes (@mcannonbrookes) January 9, 2017<\/a><\/p>\n<\/blockquote>\n

In a blog post<\/a>, Cannon-Brookes said Trello is one of the few companies in the world building software to improve team work.<\/p>\n

\u201cIn Trello we found a group that is as dedicated to helping teams get stuff done as we are. In fact, we have identical milestones towards achieving our missions: for our tools to be used by [100 million] people,” he said.<\/p>\n

Trello, which launched at TechCrunch Disrupt in San Francisco, boasts over 19 million users worldwide, including large organisations such as Google, Red Cross and National Geographic.<\/p>\n

\u201cOur small idea was to take the paradigm of a sticky note on a wall and turn it into a tool that allowed people to collaborate in real time,\u201d Trello founder and chief executive Michael Pryor said in a blog post on Trello<\/a>.<\/p>\n

The transaction is expected to close by the end of March 2017.<\/p>\n

Follow StartupSmart on\u00a0Facebook<\/a>,\u00a0Twitter<\/a>,\u00a0LinkedIn<\/a>\u00a0and iTunes<\/a>.\u00a0<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Tech giant Atlassian is kicking off the new year with a $US425 million ($577.8 million) acquisition of global productivity app<\/p>\n","protected":false},"author":2,"featured_media":61371,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/39472"}],"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=39472"}],"version-history":[{"count":0,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/posts\/39472\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media\/61371"}],"wp:attachment":[{"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/media?parent=39472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/categories?post=39472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.startupsmart.com.au\/wp-json\/wp\/v2\/tags?post=39472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}