Atlassian said many of its customers, including AT&T and Nielsen, already use AgileCraft alongside Jira in their engineering and IT teams.
“Many leaders are still making mission-critical decisions using their instincts and best guesses instead of data … With AgileCraft joining Atlassian, we believe we’re the best company to help executives align the work across their organisation – providing an all-encompassing view that connects strategy, work, and outcomes,” Mr Farquhar said in a statement on Tuesday.
Founded in 2013 in Texas, AgileCraft creates agile software businesses can use to map strategic projects, identify risks and bottlenecks and more accurately measure return on investment. It supports business running the “agile” methodology, an incremental project management theory developed by tech companies now widely adopted across other industries.
“Organisations lack the ability to easily gather and distil information across siloed teams – making it extremely difficult to assess progress and measure success … We’re excited to be joining the Atlassian family to enable the new digital enterprise, which is able to connect teams and align strategy to outcomes,” Steve Elliott, AgileCraft founder and chief executive, said in a statement.
Started in Sydney by Young Rich Listers Mike Cannon-Brookes and Scott Farquhar in 2002, Atlassian’s software is now used by NASA, Lyft and Bank of America Merrill Lynch to oversee collaboration and productivity.
The co-founders were not immediately available for comment on the acquisition announcement.
The deal is expected to boost Atlassian’s revenue this year by $US1 million $US2 million. It’s also expected to reduce its international financial reporting standards operating margin by approximately 1 per cent, and cut its non-IFRS operating margin by approximately half a per cent, Atlassian says.
The $US26.6 billion software behemoth’s revenue rose 39 per cent in the quarter ended December 31 to $US299 million from the year-earlier period.
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