Atlassian to acquire AgileCraft for $166M
|Richard Harris in Agile Monday, March 25, 2019|
Atlassian has announced they have entered into a definitive agreement to acquire AgileCraft for approximately $166M.
Atlassian Corporation Plc announced it has entered into a definitive agreement to acquire AgileCraft. AgileCraft helps enterprise organizations build and manage a ‘master plan’ of their most strategic projects and workstreams. 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.
AgileCraft helps business leaders answer the most important questions around their most critical projects:
- What’s the true cost and expected value of the important work being driven by teams inside my company?
- What does the overall roadmap look like for company-wide strategic imperatives?
- What are the major dependencies and risks associated with what we’re trying to deliver?
- How can we move faster, or do more with less?
- How does work at the team level align with the company’s top objectives?
In every industry, there is increased pressure to respond to customers faster, increase the speed of innovation, and find new approaches to working. This pressure is amplified in large enterprises as they race to leverage technology to enhance customer experiences and adapt faster to new competitors and market conditions.
Atlassian tools are already at the forefront of enabling agile transformation for more than two-thirds of the Fortune 500. In particular, Jira serves as the collaborative backbone for how modern engineering and IT teams to plan and execute work. AgileCraft helps connect the work of these teams to the business objectives and strategic outcomes of the entire enterprise. This alignment is a critical linchpin in helping large organizations move faster and scale the benefits of agile teamwork more widely across their companies. Many companies, including Anthem, AT&T, Dimension Data, Fidelity, and Nielsen, already trust Atlassian and AgileCraft to scale strategic direction and align top to bottom.
"Many leaders are still making mission-critical decisions using their instincts and best guesses instead of data," said Scott Farquhar, Atlassian’s co-founder, and co-CEO. "As Atlassian tools spread through organizations, technology leaders need better visibility into work performed by their teams. With AgileCraft joining Atlassian, we believe we’re the best company to help executives align the work across their organization - providing an all-encompassing view that connects strategy, work, and outcomes.”
"Organizations lack the ability to easily gather and distill information across siloed teams – making it extremely difficult to assess progress and measure success," said Steve Elliott, AgileCraft founder, and CEO. "We're excited to be joining the Atlassian family to enable the new digital enterprise, which is able to connect teams and align strategy to outcomes."