Why Atlassian (TEAM) Is Buying Mindville

By Amit Chowdhry ● July 31, 2020
  • Atlassian Corporation (NASDAQ: TEAM) has announced that it is buying Mindville — which is a Jira-focused enterprise asset management company

Atlassian Corporation (NASDAQ: TEAM) has announced that it is buying Mindville — which is a Jira-focused enterprise asset management company that works with customers like Samsung, Spotify, and NASA. Through this acquisition, Atlassian will be adding asset management tools to its services. Mindville Insights — which is Mindville’s core product — is known for enabling IT, HR, sales, legal, etc. track assets at a company.

Companies tend to use it for tracking physical assets like electronics, but it is also used for importing cloud-based data from AWS, Azure, and Google Cloud servers.

Mindville was co-founded by Tommy Nordahl and Mathias Edblom. And the company did not raise any institutional funding. The acquisition price was undisclosed.

Prior to the acquisition, Mindville was an Atlassian partner and it was selling its services through the Atlassian Marketplace.

Going forward, Mindville will continue to support existing customers. And Atlassian will continue to build on Mindville Insights.

“We are thrilled to announce the acquisition of Mindville, strengthening our IT market position,” said Atlassian’s co-founder and co-CEO Mike Cannon-Brookes. “Mindville and our recent acquisition of Halp bolster our growing ITSM portfolio and work management offerings for non-technical teams.”