Atlassian Acquires Mindville Along With A New Market

Sydney-based software development company Atlassian has purchased Swedish asset management company Mindville. Atlassian announced its acquisition on July 30th. The terms of the deal were not discolsed.

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Mindville, co-founded by Tommy Nordahl and Mathias Edblom, primarily focuses on creating a place for companies to store information about their assets as well as infrastructure that can be accessed across their teams. Currently, they have more than 1,700 customers around the world, including companies like Spotify and Samsung, and organizations such as NASA.

Atlassian’s Head of Tech Noah Wasmer writes: “This acquisition builds on Atlassian’s investment in [IT Service Management], including recent acquisitions like Opsgenie for incident management, Automation for Jira for code-free automation, and Halp for conversational ticketing. Mindville is already a very successful partner in the Atlassian Marketplace, and we will continue to augment their asset and configuration management capabilities and integrate it tightly with Jira Service Desk.”

Wasmar also stated that “Today’s digital enterprises often have tens or even hundreds of thousands of assets and services that they need to track and manage. Mindville Insight provides enterprises with full visibility into their assets and services, critical to delivering great customer and employee service experiences. These capabilities are a cornerstone of IT Service Management (ITSM), a market where Atlassian continues to see strong momentum and growth.”

Even before COVID-19, companies were already digitizing their businesses. Organized IT is now crucial for remote workforces to virtual doctor visits to monitoring grocery deliveries. Companies generally use a range of different software to keep up with the changes in technology. With Atlassin and Mindville, they will now be more capable at sharing their operations across their teams and systems.

With this acquisition, Atlassian is also getting into a new market, now that they are adding asset management tools to their lineup of services. The company’s flagship product is Mindville Insights, which helps IT, HR, sales, legal, and facilities track assets across a company. In addition to tracking physical assets, such as servers and laptops, the service can also be used to automatically import cloud-based servers from AWS, Azure, and GCP, for example. The Atlassian team has also built connectors to services like Service Now and Snow Software.

NASDAQ-listed Atlassian also unveiled Quarter 4 earnings on Thursday — reporting a 29% increase in quarterly revenue year-on-year.