M&A Deal Summary

Atlassian Acquires OpsGenie

On September 4, 2018, Atlassian acquired internet software and services company OpsGenie from Battery Ventures for 295M USD

Acquisition Highlights
  • This is Atlassian’s 9th transaction in the Internet Software and Services sector.
  • This is Atlassian’s 2nd largest (disclosed) transaction.
  • This is Atlassian’s 1st transaction in the United Kingdom.
  • This is Atlassian’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2018-09-04
Target OpsGenie
Sector Internet Software and Services
Buyer(s) Atlassian
Sellers(s) Battery Ventures
Deal Type Add-on Acquisition
Deal Value 295M USD

Target

OpsGenie

Boston, Massachusetts, United Kingdom
OpsGenie is an incident management platform for operating always-on services, empowering Dev & Ops teams to plan for service disruptions and stay in control during incidents. OpsGenie was founded in 2012 and is based in Boston, Massachusetts.

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Buyer(S) 1

Buyer

Atlassian

Sydney, Australia

Category Company
Founded 2002
Sector Internet Software and Services
Employees13,813
Revenue 5.2B USD (2025)
DESCRIPTION

Atlassian is a software company specializing in providing a suite of collaboration and productivity tools tailored for teams across various industries. Atlassian's flagship products include Jira, a project management tool facilitating issue tracking and agile methodologies, Confluence, a collaborative platform enabling teams to create, share, and coordinate on documents and projects seamlessly, Bitbucket, a Git-based version control system facilitating code collaboration and management, Trello, a visual project management tool utilizing boards and cards for streamlined task organization, and Jira Service Management, empowering IT and customer service teams to deliver support experiences. Atlassian was formed in 2002 and is based in Sydney, New South Wales.


DEAL STATS #
Overall 10 of 16
Sector: Internet Software and Services M&A 9 of 14
Type: Add-on Acquisition M&A Deals 10 of 16
State: Massachusetts M&A 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2018 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-13 Capture for Jira

Sydney, Australia

Capture for Jira is a testing tool that allows software teams to collaborate with visual feedback. The tool has a deep integration with Jira Software, a project management tool for software developers, allowing users to capture screenshots within browsers, create annotations, and prioritize testing initiatives within the Jira platform.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-29 Jitsi

Sydney, Australia

Jitsi is an open source video communications technology service provider.

Sell -

Seller(S) 1

SELLER

Battery Ventures

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 13.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Battery Ventures is a private investment firm focused on opportunities in the technology and related-sectors. Battery will invest at all company stages, from seed and early-stage capital situations to leveraged buyouts, PIPEs, spin outs, rollups and take-privates of established companies. Battery's private equity group focuses on investments in companies with revenue of $5 to $200 million and EBITDA up to $25 million. Battery can commit up to $100 million in equity per transaction. Specific areas of interest include software; IT services and outsourcing; communications components, systems, and services; and financial services and tech-enabled businesses. Battery will consider investments throughout North America, Europe, and Asia. Battery Ventures was formed in 1983 and is headquartered in Menlo Park, California.


DEAL STATS #
Overall 41 of 67
Sector: Internet Software and Services M&A 9 of 15
Type: Add-on Acquisition M&A Deals 21 of 35
State: Massachusetts M&A 5 of 5
Country: United Kingdom M&A 4 of 9
Year: 2018 M&A 5 of 5
Size (of disclosed) 11 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-19 Enverus

Austin, Texas, United States

Enverus is a data, software, and insights company focused on the energy industry. The Company’s products are used by engineers, executives, investors, and accountants to manage a variety of mission critical workflows in the energy world, including asset valuation, asset development, energy production, ESG compliance, strategic sourcing, and back-office automation. Enverus was founded in 1999 and is based in Austin, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-27 SPT Labtech

Melbourn, United Kingdom

SPT Labtech is a manufacturer of liquid-handling instrumentation and sample- storage systems for sample-preparation and sample-management applications. The company’s products are used for process control and to optimize workflow efficiency across a variety of tasks in the pharmaceutical, biotechnology and academic-research markets. SPT Labtech was founded in 2001 and is based in Melbourn, United Kingdom.

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