and Scott Farquhar founded Atlassian in 2002. The pair met while studying at the University of New South Wales in Sydney. They bootstrapped the company for several years, financing the startup with a $10,000 credit card debt. The name is an ad hoc derivation from the titan Atlas in Greek mythology who had been punished to hold up the Heavens after the Greek gods had overthrown the Titans. The derivation was reflected in the company's logo used from 2011 through to the 2017 re-branding through a blue X-shaped figure holding up what is shown to be the bottom of the sky. Atlassian released its flagship product, Jira – a project and issue tracker, in 2002. In 2004, it released Confluence, a team collaboration platform that lets users work together on projects, co-create content, and share documents and other media assets. In 2006, Cannon-Brookes and Farquhar were named Ernst & Young's Entrepreneurs of the Year for Australia. In July 2010, Atlassian raised $60 million in venture capital from Accel Partners. In June 2011, Atlassian announced revenue of $102 million, up 35% from the year before. In August 2011, Jay Simons became president, while Cannon-Brookes and Farquhar kept their positions as "co-chief executive". For the June 2014 fiscal year, Atlassian reported $215 million in revenue, up from $144 million in 2013. In a 2014 restructuring, the parent company became Atlassian Corporation PLC of the UK, with a registered address in London—though the actual headquarters remained in Sydney. Atlassian has nine offices in six countries: Amsterdam, Austin, New York, San Francisco and Mountain View, California, Manila, Yokohama, Bangalore, and Sydney. The group has over 3,000 employees serving more than 130,000 customers and millions of users. In November 2015, Atlassian announced sales of $320 million, and Shona Brown was added to its board. On 10 December 2015 Atlassian made its initial public offering on the NASDAQ stock exchange, under the symbol TEAM, putting the market capitalisation of Atlassian at $4.37 billion. In March 2019, Atlassian's value was US$26.6 billion. Cannon-Brookes and Farquhar own approximately 30 percent each. In June 2020, Atlassian announced plans to build the world's tallest hybrid timber building in Sydney that will serve as its new headquarters. According to the plan, the roughly 40-storey, 180 metre tall building will be completed by 2025.
Sales setup
Atlassian does not have a traditional sales team, relying instead on its website and its partner channel.
Acquisitions and product announcements
In 2010, Atlassian acquired Bitbucket, a hosted service for code collaboration. In May 2012, Atlassian Marketplace was introduced as a website where customers can download plug-ins for various Atlassian products. That same year Atlassian also released Stash, a Git repository for enterprises, later renamed Bitbucket Server. Additional products include Crucible, FishEye, Bamboo, and Clover which target programmers working with a code base. FishEye, Crucible and Clover came into Atlassian's portfolio through the acquisition of another Australian software company, Cenqua, in 2007. In 2012, Atlassian acquired HipChat, an instant messenger for workplace environments. Doug Burgum became chairman of its board of directors in July 2012. In 2013, Atlassian announced a Jira service desk product with full service-level agreement support. Sourcetree is a Git and Mercurial desktop client for developers on Mac or Windows. In 2015 it announced its acquisition of work chat company Hall, with the intention of migrating all of Hall's customers across to its own chat product HipChat. A small startup called Dogwood Labs in Denver, Colorado which had a product called StatusPage was acquired in July 2016. In January 2017 Atlassian announced the purchase of Trello for $425 million. On 7 September 2017 the company launched Stride, a web chat alternative to Slack. Less than a year later, on 26 July 2018, Atlassian announced it was going to exit the chat business, that it had sold the intellectual property for HipChat and Stride to competitor Slack, and that it was going to shut down HipChat and Stride in 2019. As part of the deal, Atlassian took a small stake in Slack. On 4 September 2018 the company acquired OpsGenie for $295 million. On 18 March 2019, the company announced that it had acquired Agilecraft for $166 million. On 25 April 2019, AgileCraft was rebranded as Jira Align. On 12 May 2020, Atlassian acquired Halp for an undisclosed amount.
Philanthropy
In March 2011, the company raised $1 million for the charity Room to Read from sales of its $10 "Starter" licences.
