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Home / Business / Atlassian buys AgileCraft for $ 166M – TechCrunch

Atlassian buys AgileCraft for $ 166M – TechCrunch



Atlassian today announced that it has acquired AgileCraft, a service that will provide businesses with plans for strategic projects and workflows. The service gives business leaders extra insight into today's technical projects and gives them insight into the bottlenecks, risks and dependencies of these projects. In fact, AgileCraft's focus is less on technical layers than on the corporate teams that support them and help them manage the digital transformation of their businesses.

The cost of the acquisition is about $ 166 million, with $ 154 million in cash and the rest in limited shares.

"Many leaders still make mission-critical decisions using their instincts and best guesses instead of data," said Scott Farquhar, Atlassian's co-founder and co-director in today's announcement. "As Atlasian tools spread through organizations, technology leaders need better visibility into work done by their teams. With AgileCraft joining Atlassian, we believe we are the best company to help managers adjust work across their organization ̵

1; providing a comprehensive view that links strategy, work and results. "

As the name suggests, AgileCraft focuses on the Agile method, but it also provides some flexibility there with support for frames such as SAFe, LeSS, Spotify. It supports retrieving data from tools such as Atlassians Jira, but also Microsoft Team Foundation Server, IBM's RTC and other services.

Atlassian will continue to operate AgileCraft, which had increased approximately $ 10.1 million before the acquisition. as a stand-alone service. "We will continue to focus relentlessly on customer success," writes AgileCraft founder and CEO Steve Elliott. "We're still dedicated to cutting-edge business capabilities and are thrilled to work with the outstanding people at Atlassian to help our customers thrive."

Over the years, Atlassian began to embrace users and use affairs for its tools beyond its core development tools. Jira and Confluence are the most important examples of this. Today's acquisition continues this trend by AgileCraft aiming to bring many of the methods that technical teams use to the rest of the company.

"One of the critical roles we play for many organizations is to help run this type of digital transformation where we truly provide the teams that build and develop the kind of technology that moves our customers further," says Atlassisk President Jay Simons. "AgileCraft basically complements all this by expanding the visibility of which teams use Atlassian products to address key stakeholders and business leaders who are trying to manage better portfolio or program level visibility."

Simons also emphasized that AgileCraft already has very strong integrations in existing Atlassian tools – and that was actually one of the main drivers of the acquisition. He noticed that the company is planning to improve and think about more patterns. "We continue to do what we do, "He said.

Simons also noted that he expects many Jira customers to look at AgileCraft as an additional tool to help b editions to manage their company's digital transformation.

Atlassian usually does not make many acquisitions. The pace is close to a major purchase per year. Last year, the company took over OpsGenie for $ 295 million. In 2017, it acquired Trello for $ 425 million, the company's largest acquisition to date. Other major products that the company purchased include StatusPage, BlueJimp, HipChat and Bitbucket (back in 2010).


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