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Atlbadian today announced the acquisition of AgileCraft, a service designed to help companies plan their projects and strategic workflows. This service provides business leaders with additional information on the current status of technical projects and gives them an idea of the bottlenecks, risks and dependencies of these projects. Indeed, AgileCraft focuses less on technical teams than on the commercial teams that support them and help them manage the digital transformation of their businesses.
The total price of the acquisition is approximately $ 166 million, with $ 154 million in cash and the rest in restricted shares.
"Many leaders always make crucial decisions using their instincts and their best badumptions instead of data," said Scott Farquhar, co-founder and co-CEO of Atlbadian, in his announcement today. hui. "While Atlbadian tools are spreading across organizations, technology leaders need better visibility into the work done by their teams. With AgileCraft joining Atlbadian, we believe we are the best company to help leaders align the work in their organization, providing a holistic vision linking strategy, work and results. "
As its name suggests, AgileCraft focuses on Agile methodology, although it also offers a bit of flexibility with the support of frameworks such as SAFe, LeSS, Spotify. It supports data collection from tools such as Atlbadian's Jira, but also Microsoft Team Foundation Server, IBM RTC, and other services.
Atlbadian will continue to operate AgileCraft, which raised approximately $ 10.1 million prior to the acquisition. as an autonomous service. "We will continue to focus relentlessly on the success of our customers," says Steve Elliott, founder and CEO of AgileCraft. "We remain committed to the agility of pioneering companies and are excited to team up with outstanding Atlbadian people to help our customers thrive."
Over the years, Atlbadian has started to be interested in users and the use of its tools, which go beyond its main tools for development tools. Jira and Confluence are the main examples. Today's acquisition continues this trend in that AgileCraft aims to integrate many of the methodologies used by the technical teams with the rest of society.
"One of the key roles we play for many organizations is to contribute to this kind of digital transformation in which we truly empower teams who develop and develop the kind of technology that enables our customers to grow," he said. Atlbadian President Jay Simons. me. "AgileCraft fundamentally complements that by expanding visibility into what teams use Atlbadian products to transform into key players and industry leaders trying to manage better visibility at the portfolio or program level."
Simons also pointed out that AgileCraft already incorporated very strong integrations into existing Atlbadian tools, which was also one of the key drivers of acquisition. He noted that the company plans to improve them and think about additional models. "We will continue to do what we do," he said.
Simons also said he hoped many Jira customers would now see AgileCraft as an additional tool to help businesses manage the digital transformation of their business.
Atlbadian does not usually do a lot of acquisitions. Its pace is close to about a major purchase per year. Last year, the company bought OpsGenie for $ 295 million. In 2017, it acquired Trello for $ 425 million, the largest acquisition of the company to date. Other important products acquired by the company are StatusPage, BlueJimp, HipChat and Bitbucket (until 2010).
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