Deals
Atlassian to Buy Trello Project Management App Maker for $425 Million
Deal may help collaboration software maker win more non-technical business customers
Jay Simons, president of Atlassian Software Systems Ltd.
Photographer: Tony Avelar/BloombergThis article is for subscribers only.
Atlassian Corp., maker of work collaboration software Jira and HipChat, agreed to acquire Trello, which offers a popular project management app, for $425 million.
The purchase price consists of $360 million in cash and the rest in restricted stock and options, said Atlassian President Jay Simons in an interview. The deal may increase earnings, excluding some costs, in Atlassian's fiscal 2018 year. It's expected to close this quarter, subject to regulatory approval and certain closing conditions, Atlassian said.