Topic: How To Invest

Spinoffs & Takeovers Hotline – Friday, March 5, 2021

Article Excerpt

ATLASSIAN CORPORATION, $228.21, symbol TEAM on Nasdaq, is a provider of productivity and team collaboration software tools for more than 180,000 customers worldwide. Atlassian is the company behind the popular Jira family of work management tools; they’re used by teams in software development to coordinate their activities. The company also provides Trello, another project management application, as well as a variety of other software products. On February 26, 2021, the company announced that it would acquire Chartio, a San Francisco-based company that sells data analysis and visualization components useful for the Atlassian platform. Chartio has built a cloud-based business intelligence platform that can visualize data such as quarterly sales figures in the form of graphs. The platform generates pie charts, maps, bar graphs and a variety of other visualizations. So far, Chartio’s 280,000 users have created 10.5 million charts from more than 100,000 data sources. Atlassian will integrate Chartio across its entire platform. It will begin by integrating Chartio into Jira Service Management. One application…

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