TEAM Anywhere/SAN FRANCISCO & SALT LAKE CITY–(BUSINESS WIRE)–Atlassian Corporation (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, today announced it has completed the acquisition of DX, a leader in engineering intelligence. Together, Atlassian and DX will empower enterprises to better understand their AI investments and provide unparalleled visibility into their teams’ developer experience.
As organizations accelerate AI adoption, engineering leaders face mounting pressure to demonstrate the value of these investments. DX addresses this challenge by providing qualitative and quantitative data to help organizations measure, understand, and improve developer productivity and satisfaction across the software development lifecycle (SDLC).
DX will be integrated into Atlassian’s System of Work and added to the recently announced Atlassian Software Collection, which includes Bitbucket, Bitbucket Pipelines, Compass, and Rovo for developers in the form of Rovo Dev. With Software Collection, engineering leaders can empower their developers with an AI-native SDLC and gain a holistic view of their engineering operations.
For more details, head to Atlassian’s Work Life blog.
Forward-Looking Statement Disclosure
This press release contains forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify these statements by forward-looking words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “should,” “estimate,” or “continue,” and similar expressions or variations, but these words are not the exclusive means for identifying such statements. All statements other than statements of historical fact could be deemed forward-looking, which are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: Atlassian’s ability to successfully integrate the business, technology, product, personnel and operations of DX, and to achieve the expected benefits of the acquisition; the ability of Atlassian to extend its leadership in the team collaboration and productivity software space, or to develop and commercialize developer productivity and satisfaction software; the potential benefits of the transaction to Atlassian and DX customers; anticipated new features and solutions that will become available; the ability to integrate Atlassian’s and DX’s technology, including in AI and security investments; the financial statement impact of the transaction on Atlassian, including any impact on Atlassian’s share repurchase strategy; risks related to any statements of expectation or belief; and risks related to any statements of assumptions underlying any of the foregoing.
Atlassian undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.
The achievement or success of the matters covered by such forward-looking statements involves known and unknown risks, uncertainties and assumptions. If any such risks or uncertainties associated with Atlassian’s and DX’s business materialize or if any of the assumptions prove incorrect, actual results could differ materially from the results expressed or implied by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent Atlassian’s management’s beliefs and assumptions only as of the date such statements are made.
Further information on factors that could affect the expected results of the transaction is included in filings Atlassian makes with the Securities and Exchange Commission (the “SEC”) from time to time, including the section titled “Risk Factors” in its most recently filed Forms 10-K and 10-Q, as well as those that may be updated in its future filings with the SEC. These documents are available on the SEC Filings section of the Investor Relations section of Atlassian’s website at https://investors.atlassian.com.
About Atlassian
Atlassian unleashes the potential of every team. A recognized leader in software development, work management, and enterprise service management software, Atlassian enables enterprises to connect their business and technology teams with an AI-powered system of work that unlocks productivity at scale. Atlassian’s collaboration software powers over 80% of the Fortune 500 and 300,000+ customers worldwide—including NASA, Rivian, Deutsche Bank, United Airlines, and Bosch—who rely on our solutions to drive work forward.
About DX
DX is a developer intelligence platform designed to help engineering organizations measure, understand, and improve developer productivity and satisfaction. It gives engineering leaders and platform teams the data and insights they need to take the right actions to drive higher ROI per developer. DX serves hundreds of the world’s most iconic companies, including Dropbox, Block, Pinterest, and BNY.
Contacts
Media Contact
Marie-Claire Maple
[email protected]
Investor Relations Contact
Martin Lam
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