Atlassian Completes Acquisition of The Browser Company of New York
Atlassian Corporation (NASDAQ:TEAM), a leading provider of team collaboration and productivity software, today announced it has completed the acquisition of The Browser Company of New York Inc., the company behind the Dia and Arc browsers. Together, the companies intend to reimagine the browser for knowledge work in the AI era.
For hundreds of millions of knowledge workers, the browser is where work happens. But today's browsers were designed for browsing, not working. The explosion of SaaS apps, coupled with the rise in AI, demands a browser built for modern work.
Atlassian is bringing together its two decades of expertise in how knowledge workers operate with The Browser Company's passion for building beloved browsers to create an AI-powered browser that helps move work forward. Built with trust and security in mind so company data is protected, it will optimize for the SaaS applications where workers spend their day, helping to connect the dots between apps, tabs and tasks - and redefining how work gets done. For additional details, head to Atlassian's Work Life blog.
Forward-Looking Statement Disclosure
This press release contains forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify these statements by forward-looking words such as "may," "will," "expect," "believe," "anticipate," "intend," "could," "should," "estimate," or "continue," and similar expressions or variations, but these words are not the exclusive means for identifying such statements. All statements other than statements of historical fact could be deemed forward-looking, which are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: Atlassian's ability to successfully integrate the business, technology, product, personnel and operations of The Browser Company, and to achieve the expected benefits of the acquisition; the ability of Atlassian to extend its leadership in the team collaboration and productivity software space, or to develop and commercialize browser software; the potential benefits of the transaction to Atlassian and The Browser Company customers; anticipated new features and solutions that will become available; the ability to integrate Atlassian's and The Browser Company's technology, including in AI and security investments; the financial statement impact of the transaction on Atlassian, including any impact on Atlassian's share repurchase strategy; risks related to any statements of expectation or belief; and risks related to any statements of assumptions underlying any of the foregoing.
Atlassian undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law.
The achievement or success of the matters covered by such forward-looking statements involves known and unknown risks, uncertainties and assumptions. If any such risks or uncertainties associated with Atlassian's and The Browser Company's business materialize or if any of the assumptions prove incorrect, actual results could differ materially from the results expressed or implied by the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Forward-looking statements represent Atlassian's management's beliefs and assumptions only as of the date such statements are made.
Further information on factors that could affect the expected results of the transaction is included in filings Atlassian makes with the Securities and Exchange Commission (the "SEC") from time to time, including the section titled "Risk Factors" in its most recently filed Forms 10-K and 10-Q, as well as those that may be updated in its future filings with the SEC. These documents are available on the SEC Filings section of the Investor Relations section of Atlassian's website at https://investors.atlassian.com.
About Atlassian
Atlassian unleashes the potential of every team. A recognized leader in software development, work management, and enterprise service management software, Atlassian enables enterprises to connect their business and technology teams with an AI-powered system of work that unlocks productivity at scale. Atlassian's collaboration software powers over 80% of the Fortune 500 and 300,000+ customers worldwide - including NASA, Rivian, Deutsche Bank, United Airlines, and Bosch - who rely on our solutions to drive work forward.
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Media Contact
Marie-Claire Maple
press@atlassian.com
Investor Relations Contact
Martin Lam
IR@atlassian.com