Atlassian today announced that it has acquired project management service Trello for $425 million. The vast majority of the transaction is in cash ($360 million), with the remainder being paid out in restricted shares and options. The acquisition is expected to close before March 31, 2017.
This marks Atlassian’s 18th acquisition and, as Atlassian president Jay Simons noted when I talked to him last week, also it largest. Just like with many of Atlassian’s other acquisitions, the company plans to keep both the Trello service and brand alive and current users shouldn’t see any immediate changes.
Trello launched in the TechCrunch Disrupt Battlefield in 2011 and in 2014, it was spun out of Fog Creek Software as a stand-alone company. With Trello, Atlassian is acquiring one of the fastest growing project management services. It now has about 19 million users and just under 100 employees, all of which will join Atlassian.
