Billion dollar software company Atlassian files for U.S. IPO

Australian software company Atlassian, a company valued at over $3 billion privately, has filed for an initial public offering this year in the United States according to Wall Street Journal.

Should it go through, it would be the biggest IPO of an Australian technology business to date.

Atlassian-logo.svg

The 13-year-old company has found success building business management software like JIRA, Confluence, and HipChat.

Fargo’s Doug Burgum, former CEO of Great Plains Software, serves as Atlassian’s Chairman of the Board. He was appointed in 2012, after “surpassing the expectations” of Atlassian co-founders Mike Cannon-Brookes and Scott Farquhar.

“Doug is a truly unique and amazing human being,” Farquhar said.

Doug Burgum

This will not be the first IPO Burgum has aided as Chairman, should it go through. He served on the Board of SuccessFactors, a cloud-based human resources management software provider, during the company’s successful IPO in 2007. He served as their Chairman from 2010 until 2011 when they were acquired by SAP.

Burgum also seed-funded Great Plains Software in 1983 and grew the company for more than a decade before taking it public in 1997. Great Plains was acquired by Microsoft in 2001 for $1.1 billion.

More on the story here:

The Sydney Morning Herald

Wall Street Journal

Reuters

Photo courtesy of Dan Francis Photography.

Marisa Jackels

Marisa Jackels

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