Money

Trello acquired by Atlassian for $425m

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The purchase will help Atlassian round out its portfolio of offerings that has predominantly been geared towards IT industry clients; Trello, with its Kanban-style boards and a flexible card-based interface can be used for managing all sorts of projects and teams – whether that’s gearing up to launch a new restaurant or planning a weekend potluck.

Mike Cannon-Brookes, co-founder and CEO of Atlassian, noted that the two companies’ target is to reach 100 million monthly users together.

In a blog post, Trello CEO Michael Pryor said that nothing would change for existing users, as it’d continue to be offered as a standalone service. Following the acquisition, Trello will see increased research and development efforts to improve its offering. Hopefully, the company will be able to hold its new owner to that promise.

Trello Is Being Acquired By Atlassian on Trello

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