Atlassian Buys Trello for $425 Million
Online collaboration and project management (PM) are growing increasingly intertwined in business tech. Enterprise software company Atlassian today announced the first acquisition carrying that trend into 2017, buying Trello for $425 million.
Trello is an intuitively designed, highly visual collaboration and PM app that uses Kanban-style management of virtual sticky notes and digital whiteboards. In a deal of $360 million in cash and the remainder in restricted shares, Atlassian will acquire and integrate Trello into its entire suite of enterprise apps and services.
Trello already integrates with Atlassian HipChat and, in addition to lauching a new version of that integration, Atlassian also plans to integrate Trello's visual project collaboration into Confluence, its BitBucket code collaboration software, and its flagship Atlassian JIRA software development project tracking platform. The new integrations will all be available in the Atlassian Marketplace.
Trello will also remain as standalone software once the transaction closes. The deal is expected to close in Q3 2017.
This article originally appeared on PCMag.com.