Mike Cannon-Brookes and Scott Farquhar founded Atlassian in 2002.
The two started the company through bootstrapping and apparently held a credit card debt of $10,000.
The name Atlassian came from Greek mythology’s Atlas, a titan punished by the Greek gods to hold up the heavens through eternity.
The company had based their logo on the titan as an x-shaped human-like figure holding what appears to be the bottom of the heavens.
In September 2017, the company rebranded and changed their logo, which has three different meanings depending on the looker’s perspective. It could be two hands doing a high five, a mountain that is ready to be scaled together, or the letter A being held by its two pillars. All of these indicate teamwork which Atlassian highly promotes.
Atlassian released Jira in 2002, an issue and project tracker.
Confluence. a team collaboration platform, was released in 2004
In 2012, Atlassian’s products were used by NASA’s Jet Propulsion Laboratory where they build software used for modeling data sent from Mars rovers and satellites as well as planning for flight missions.
On December 10, 2015, Atlassian went public and was listed on NASDAQ as TEAM.
In January 2017, Atlassian bought Trello, another management platform, for $425 million.
In 2017, Atlassian launched Stride to compete with Slack. Later that year, Slack bought Stride and HipChat from Atlassian.
Both Stride and HipChat were closed in 2019.
On the 4th of September 2018, Atlassian acquired OpsGenie, an incident response and alerting tool.
83% of Fortune 500 companies use Atlassian products.
Forbes claims that Mike Cannon-Brookes has a net worth of $9.2 billion according to their tracker. However, the table that Forbes provided also claims that Mike Cannon-Brookes has a net worth of $15.3 billion as of December 2022.
Year
Net Worth
2015
$1.1 billion
2016
$1.4 billion
2017
$2.1 billion
2018
$3.4 billion
2019
$6.9 billion
2020
$8.0 billion
2021
$14.2 billion
2022
$15.3 billion
Looking at Mike Cannon-Brooke's net worth, you can see how it goes up with each new year. This is obviously expected since Atlassian's revenue did the same.
Forbes claims that Scott Farquhar has a net worth of $9.1 billion according to their tracker. However, the table that Forbes provided also claims that Mike Cannon-Brookes has a net worth of $15.1 billion as of December 2022.
Atlassian has a negative profit of -$614.12 million in 2022, an increase of 11.80% - a slight improvement of what they had in 2021 which was -$696.32 million.
Year
Profit
Y/Y Change
2013
$10.76 million
-
2014
$18.98 million
76.3941% increase
2015
$6.78 million
64.2782% decrease
2016
$4.37 million
35.5457% decrease
2017
-$42.50 million
-1072.54% decrease
2018
-$113.43 million
-202.90% decrease
2019
-$637.62 million
-462.12% decrease
2020
-$350.65 million
45.01% increase
2021
-$696.32 million
-98.58% decrease
2022
-$614.12 million
11.80% increase
Unfortunately for Atlassian, the company has not been profitable ever since 2018. The company always had a loss of at least $100 million.
Atlassian has made a total of 10 investments where in the company is the lead investor in 3 of them. Their most recent investment was on August 2, 2022, in a funding round for Spinach.io with $1.8 million money raised.
Atlassian makes money by selling different products on their platform. Most of their products can be accessed through subscription payments with different prices per plan.
Their most popular products are Jira Software, Confluence, BitBucket, and HipChat. Paid subscription prices range from $10 to as high as $1,500 per month.
As of December 2022, Atlassian has a market cap of $35.09 billion with an average volume of 3.48 million. Atlassian’s market cap in 2022 decreased by -63.69% on year-over-year change.
Year
Market Cap
Y/Y Change
2015
$6.38 billion
—
2016
$5.30 billion
-16.93% decrease
2017
$10.47 billion
97.55% increase
2018
$21.31 billion
103.53% increase
2019
$29.53 billion
38.57% increase
2020
$58.28 billion
97.36% increase
2021
$96.65 billion
65.83% increase
2022
$35.09 billion
-63.69% decrease
The highest increase of Atlassian's worth was in 2018, when the market cap went 103.53% higher than in 2017, as it reached $21.31 billion in 2018.
How many apps are there on the Atlassian Marketplace?
The Atlassian Market Place was launched back in 2012 and only began with 60 apps for sale from a few innovative MarketPlace Partners. As of December 2021:
Marketplace Partners had $2 billion in lifetime sales
with over 5,300 apps and integrations
from more than 1,250 Marketplace Partners
and more than 28,000 apps customer install per week!
In 2022, Atlassian had a total of more than 8,800 employees, an addition of more than 2,400 employees from the prior year.
Year
Number of Employees
2015
1,400
2016
1,700
2017
2,193
2018
2,500
2019
3,616
2020
4,907
2021
6,433
2022
8,813
At Atlassian, every new year means at laest a few hundred people joining th company. Ever since 2019, it means at least 1,000 new employees for Atlassian.
Aside from Atlassian’s products, the company’s community is also active. Exchanges of questions and answers among Atlassian users make their products, like Jira and Confluence, much more easier to use.
The Atlassian community can be divided into three types: Articles, Discussions, and Groups. Let’s have a look at how many views each content type had in 2021.
As of December 2022, Atlassian has 27 products. Most of the company’s revenue comes from subscriptions of these products as such it is just a good thing to have a general look at what these products are.
Some of the Atlassian products that you might be familiar with are Jira, Confluence, Trello, and more.
Atlassian has a customer retention rate of 98%. Multiple sources believe that this retention rate is part of Atlassian’s success in their market capitalization.
What are some of the largest customers that are using Jira?
Jira is Atlassian’s most popular product. With its features and functions suitably appealing to both small and large-scale team management alike, Atlassian’s Jira has attracted the biggest customers in the world. Some of these are:
United States visits Atlassian the most with 18.18% percent of the web traffic coming from the country. In second place is India, with 8.46%.
Country
Percentage
Monthly Change
United States
18.18%
-7.36% decrease
India
8.46%
7.57% increase
Brazil
4.79%
-9.45% decrease
United Kingdom
3.77%
5.59% increase
Germany
3.69%
14.41% increase
Source: Similarweb
Jira Cloud Atlassian Mobile App Statistics: Android vs iOS
These are the key stats and key info on Jira Cloud Atlassian mobile app on Android as of October 2022:
Key Stat
Key Info
Launch Date
October 05, 2017
Total Downloads
more than 1 million
Rating Reviews
4.6 out of 5 stars
Total Review Votes
29,100
These are the key stats and key info on Jira Cloud Atlassian mobile app on iOS as of October 2022:
Key Stat
Key Info
Launch Date
July 20, 2016
Total Downloads
more than 100 million
Monthly Downloads
3.9 million
Monthly Download Growth
21.90%
Rating Reviews
4.8 out of 5 stars
Total Review Votes
1,243,053
Source:
Atlassian Financials
The following subsections give us detailed information on Atlassian’s financials, from its net profit margin to its free cash flow. The company had its IPO on December 10, 2015.
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Ch Daniel is the co-founder of SignHouse and chairman of the CH Group. Daniel is leading the development of SignHouse's product, as well as strategising how else the company can reach its main mission: empowering 100M+ to use the world's most efficient document organisational tools.
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