7th March 2012. Sydney-based Atlassian Software, a leading provider of collaboration software for product teams, today announced it has acquired San Francisco-based HipChat, a hosted private chat service for companies and teams. HipChat has more than 1,200 customers including Groupon, HubSpot and WIRED. Atlassian will incorporate HipChat into its growing portfolio of software that helps teams at more than 18,000 companies work better together and build software faster.
Terms have not been disclosed, but HipChat’s three co-founders – Pete Curley, Garret Heaton and Chris Rivers – will all join Atlassian to continue to grow and develop the HipChat product and business.
All of Atlassian’s current tools, including its Confluence wiki and enterprise social network as well as its JIRA bug and issue tracking tool, are asynchronous, meaning that participants post updates at all different times. HipChat allows people to get together and solve problems in realtime, while also keeping a record of the conversation so those who come in late can more easily get caught up. If someone who needs to be part of a conversation isn’t available at that moment, HipChat can send that person a message to let him know what he missed
HipChat provides a dynamic environment for real-time communication, file sharing and group collaboration, accessible through a Web browser, native Windows and Mac clients, and native applications for popular mobile devices. Conversation histories are accessible and searchable, making it easy for new team members to get up to speed and never miss an important conversation.
HipChat offers a broad set of integrations to popular products and Internet services that publish targeted notifications from other products directly into relevant team chat rooms. Integrations are available for Atlassian Bitbucket, a free source code hosting service, Atlassian Bamboo, GitHub, MailChimp, Heroku and many more. New integrations are being released today for Atlassian JIRA, the industry-leading project and issue tracking software, Confluence, its content collaboration product, and two popular developer tools, FishEye and Crucible.
“Atlassian provides the perfect environment to scale the HipChat business,” said Pete Curley, HipChat CEO and co-founder. “The no-friction business model, the customer base, the culture, the free beer – all things that are perfectly aligned with where we want to take the business. We’re excited to join Atlassian to change the way teams work together.”
“HipChat is incredible – perfect for product teams but fantastic for any team. Its use absolutely exploded at Atlassian, demonstrating the viral adoption potential of a modern communication system for teams,” said Mike Cannon-Brookes, CEO and co-founder of Atlassian. “Connecting and sharing ideas in real-time helps teams move faster, and HipChat does this better than any other product I’ve used.”
Known predominantly for its Jira application and Confluence wiki product, Atlassian helps innovators plan, build and launch great software. More than 18,000 large and small organizations – including Citigroup, eBay, Netflix and Nike – use Atlassian’s issue tracking, collaboration and software-development products to work smarter and deliver quality results on time.
Atlassian’s co-founders, Mike Cannon-Brookes and Scott Farquhar, started the company in Sydney, Australia in 2002, with $10,000 in seed capital from a credit card and the idea that innovators everywhere should have the best enterprise software products at the lowest price possible. Atlassian’s first product, JIRA, which streamlines software development, was an immediate success. In 10 years, Atlassian has grown to more than 17,000 customers and 440 employees worldwide with offices in Sydney, San Francisco, and Amsterdam. The firm is privately held, and has been profitable each year since its inception.
“Atlassian is truly unique. There are very, very few companies that can start with a $10,000 credit card, grow, remain profitable over the next ten years, and become a global enterprise,” said Rich Wong, partner with venture capital firm Accel Partners that invested $60 million USD in Atlassian in 2010. “Atlassian’s Australian heritage informs the company’s novel and innovative approach.”