AgileCraft Acquired by Atlassian

Atlassian, the vendor of the JIRA tool, has announced that it has entered into a definitive agreement to acquire AgileCraft, a provider of enterprise agile planning software. AgileCraft helps enterprise organizations build and manage a ‘master plan’ of their most strategic projects and workstreams. AgileCraft helps enterprise organizations build and manage a ‘master plan’ of their most strategic projects and workstreams. The price of this acquisition for Atlassian is valued at approximately $166 million, comprising approximately $154 million in cash and the remainder in Atlassian restricted shares.

Business leaders use AgileCraft to map strategic projects to the distributed work required to deliver them, providing better visibility into bottlenecks, risks and dependencies, and more accuracy around capacity planning and measuring return on investment. Teams need to be empowered with the ability to execute work at the most granular level with the full confidence that the work they’re doing maps directly to the most important strategic initiatives of the company. AgileCraft enables teams to make those connections transparently through an expertly designed, powerful set of features like team rooms, key metrics and burnup charts, automatic kanban boards. These features have a price as the AgileCraft website mention a minimum purchase is $15,000 to use their software. There must not be many customers as the press release stated that for fiscal 2019, the acquisition is expected to add approximately $1-2 million to Atlassian’s revenue.