Atlassian Corporation (NASDAQ: TEAM) has announced its definitive agreement to acquire DX, a leader in engineering intelligence, for approximately $1 billion in cash and restricted stock, including DX’s cash balance. The transaction is expected to close in the second quarter of its fiscal year 2026.
Atlassian's collaboration software powers over 80% of the Fortune 500 and 300,000+ customers worldwide. The acquisition of DX is aimed at enhancing engineering intelligence for enterprises and empowering them to understand the productivity gains and returns on their AI investments.
DX, as a developer intelligence platform, serves hundreds of the world’s most iconic companies, including Dropbox, Block, Pinterest, and BNY. It has already established a strong pre-sales and post-sales engineering motion with enterprises, maximizing the value and effectiveness of its offerings.
With nearly all of DX’s customers being Atlassian users, this acquisition provides DX with the opportunity to expand its reach to Atlassian’s customer base of over 300,000 customers.
The acquisition is in line with Atlassian's goal to provide a holistic view of developer productivity and satisfaction, offering measurement of AI adoption and impact, 360° visibility into developer experience, and real-time insights into developer productivity and system health.
This acquisition is expected to provide Atlassian's customers with the insights and tools they need to make teams more effective and connected than ever before. The market has reacted to these announcements by moving the company's shares 0.12% to a price of $172.25. Check out the company's full 8-K submission here.
