Atlassian Acquires Trello For $425M (techcrunch.com)
An anonymous reader shares a TechCrunch report: Atlassian today announced that it has acquired project management service Trello for $425 million. The vast majority of the transaction is in cash ($360 million), with the remainder being paid out in restricted shares and options. The acquisition is expected to close before March 31, 2017. This marks Atlassian's 18th acquisition and, as Atlassian president Jay Simons noted, it is also the largest. Just like with many of Atlassian's other acquisitions, the company plans to keep both the Trello service and brand alive and current users shouldn't see any immediate changes.
How in the world do these people get so much money in the first place!?! I mean, seriously. Holy, fuck!
And still have no idea what these companies produce or why I should care.
Only the State obtains its revenue by coercion. - Murray Rothbard
I bet the layer of product managers at Atlassian became top-heavy, with number of managers outpacing the number of sub-par software products they release (like JIRA.) So, the natural next step in the evolution of the company is to buy a non-sub-par software product company, and let the product managers have their way with turning the purchased software products into sub-par products. That way, every product manager gets a fair share of practice at screwing up perfectly fine software that probably doesn't really need to be modified in the ways they are intending.
If they could build Trello into Jira, they would improve the best project management platform on the market.
Unlike manufacturing companies which can be easily offshored, companies like Facebook, Twitter, Google, and others have a valued commodity which is theirs only. It has been ten years, and had there been a bubble, it would have popped by now. Nobody is quitting FB, and advertisers pay them handsomely for ads. None of these companies are going anywhere, and it is well nigh impossible for them to actually lose value.
Atlassian guys probably bought it because they were sick and tired using their own crap.
sudo rm -r -f --no-preserve-root /
Joel Spolsky, co-founder of Trello, has this fantastic Excel training video: https://www.youtube.com/watch?v=0nbkaYsR94c
Seriously, they couldn't give up $5mil to make it $420 mil??
I don't know what Atlassian will do with Trello, but their existing products are horrid.
We use JIRA (a bug tracker) and Confluence (a wiki). These suffer from
- poor use of screen space
- useless search
- crude and inconsistent text editing
- verbose, non-standard, and broken markdown
Atlassian products are built for shelf-appeal: they are designed to look good in sales demos, and to appeal the people who sign POs and checks: CEOs, VPs, and directors. But they don't actually work for the people who have to use them: programmers and first-line managers.
Atlassian puts their own bug database online. When you find a problem with Atlassian software you can search for it there. You will likely find that other people have found this problem before you, and opened tickets on it, which Atlassian has since closed, explaining either
- yes, it is broken, but fixing it would be hard, so we're not going to
OR
- no, that's the way it is supposed to work, and we're not going to change it
It seems like a nice company that makes clunky, bloated, ugly, cumbersome software.
My experience with them is mainly through Apache projects. Unless the Apache admins are incompetent at their jobs and have not configured the servers or applications correctly, JIRA and Confluence are awful.