Atlassian has just announced it has entered into a definitive agreement to acquire Trello, the online project management service that gained more than 19 million registered users in just five years. The acquisition is valued at approximately $425 million, which is comprised of approximately $360 million in cash and the remainder in Atlassian restricted shares, restricted share units and options to acquire Atlassian shares.
Through virtual ‘sticky notes’ and digital whiteboards for organization and prioritization of work, Trello’s easy-to-use software has proven especially popular with business teams, also due to its free version. Trello is poised to be a key product in the Atlassian portfolio, providing a new way for teams to organize and prioritize the often complex range of information and idea sharing that feeds into great teamwork. In addition to launching a new version of its existing Trello integration for HipChat, Atlassian will be launching Trello integrations for its other collaboration products, including JIRA Software, Confluence and Bitbucket. The integrations will be available in the Atlassian Marketplace.