Home Industry Strategy Deals Atlassian snatches Bitbucket
Australia-headquartered software company Atlassian has made its first buy since taking $60 million in venture capital investment in July -- picking up Bitbucket.org, a web-hosted service that has 60,000 users.

Australia-headquartered software company Atlassian has made its first buy since taking $60 million in venture capital investment in July '” picking up Bitbucket.org, a web-hosted service that has 60,000 users.

'This is a terrific day for Bitbucket and our customers,' said Jesper Noehr, CEO and co-founder at Bitbucket.org. 'Atlassian is committed to providing expanded services for our customers and supports everything we're doing with distributed version control. They have an excellent track record with past acquisitions as far as strengthening the original brand in the market.'

Bitbucket.org is a hosted code collaboration provider for the open source Mercurial distributed version control system (DVCS).

'Bitbucket has a very similar philosophy and a passion for building great tools to help software developers collaborate,' said Mike Cannon-Brookes, CEO and co-founder at Atlassian. 'We think DVCS is one of the most important technologies being developed for software engineers, and Mercurial offers tremendous flexibility and power.'

'By joining forces, we're able to accelerate improvements to the infrastructure, support, and bring on additional developers,' stated the Bitbucket website. Bitbucket employees will stay on and join the Atlassian team.

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