![]() Atlassian controlled greater share than any other company in the market for software change, configuration and process management tools in 2020, ahead of Microsoft, IBM and Broadcom, according to an estimate from researcher IDC. Today Jira is a market leader, transcending its status as Silicon Valley darling and overtaking heavyweights with decades of experience selling to enterprises. Along the way, Atlassian released versions of Jira for different types of workers. The company widened its portfolio with the 2004 launch of document-collaboration service Confluence and the 2012 acquisition of team messaging app HipChat. "It was already the standard that you had to integrate your software with," Wong said. Within about five years, many Accel-backed start-ups had embraced Jira. The first version of Jira, a tool for tracking issues and projects, appeared in 2002. Then it changed direction and started building its own software. Initially it offered support for another company's application server. The technology bubble broke around the time they graduated, and facing a dearth of job prospects, they formed a business. Early investor Rich Wong of Accel calls Farquhar more analytical.įarquhar and Cannon-Brookes became friends in the late 1990s after taking the same course at the University of New South Wales. Farquhar is clean-cut and careful as he speaks. ![]() His comments are sprinkled with obscenities. basketball team and attempted a takeover of Australian utility company AGL Energy. Cannon-Brookes is a long-haired idealist, who became an owner of a U.S. ![]() "Our stock ticker is TEAM, and so, yeah, that's what we're about," Farquhar said.īut they're different people. The duo have had the same job at the same company for 20 years, they were born one month apart, they became parents three months apart, they were best men at each other's weddings, and they own property next to each other in Sydney. The stock has risen almost 1,000% since then, compared with 124% growth for the S&P 500 over the same period. In 2013, Atlassian landed on CNBC's inaugural Disruptor 50 list of private companies worth watching, ahead of its 2015 Nasdaq debut. The atypical structure has helped propel the Australians' 20-year-old firm into the top tier of the competitive software industry, with products so well known that big companies might find it difficult to move away. That's one of many conveniences of keeping two people at the top of a company. But Farquhar did most of the work, freeing up Cannon-Brookes. They went back and forth on the content and the main points. The post was signed by co-CEOs Scott Farquhar and Mike Cannon-Brookes.
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