附近上门

Australian software giant announced today聽 Austin-based 聽for $166 million.

The deal is a mix of cash and stock, though weighted heavily towards currency. According to the acquiring company, $154 million was paid in cash, with the rest 鈥淎tlassian restricted shares, subject to continued vesting provisions.鈥�

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At the time of writing, Atlassian is worth over $26.5 billion. Therefore, the deal鈥檚 stock component is a rounding error.

AgileCraft鈥檚 goal is to help enterprise organizations build and manage a 鈥榤aster plan鈥� of their most strategic projects and workstreams. (We鈥檝e emailed AgileCraft about the transaction, and will update this post when we hear back.)

In a issued today, Atlassian outlined the reasons why it鈥檚 buying the six-year-old startup, which has raised in venture funding. Here鈥檚 what Atlassian had to say:

鈥淲e know loads of time is wasted collecting status updates across hundreds of agile teams, getting unstructured snapshots of capacity, and trying to measure value generation. These challenges require a different set of tools 鈥� ones that give leaders critical visibility and allow them to adapt in a timely way. We鈥檝e heard from our enterprise customers that these problems are really hard to tackle 鈥� and they need our help along the way. That鈥檚 why we鈥檙e excited to share we鈥檝e entered into an agreement to acquire AgileCraft, a leader in enabling scaled agile transformations.鈥�

Notably, AgileCraft had no publicly-known fundraising since 2015. That鈥檚 eons in venture capital circles. Either the company reached profitability or was parsimonious for some time. Regardless, a 15x multiple on invested capital is likely a healthy return for the company and its backers alike.

Some of you may not know that Atlassian has a fairly large presence in Austin, having here in 2014. So it鈥檚 not entirely shocking that it would buy a local firm. (The firm also has an office in San Francisco, and, of course, lots of folks in Australia.) Although if we want to be 100 percent accurate, AgileCraft is actually based in Georgetown, Texas, which is a small suburb located about 30 miles from the Texas capital.

The deal marks Atlassian鈥檚 second acquisition in the past year. In September, it , a Virginia-based incident management platform, for $295 million. Since 2010, Atlassian has , according to its 附近上门 profile.

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