Atlassian an Australian based tech. company, which is selling products like, Project and bug tracking software, Collaboration software and version control system software. They are doing on-premise and on-demand business.
The company was started in 2002. They have reached their 100 M + revenue in 2011 from $17 M in 2007. This year the prediction is 47% growth that is they will do around 148 M in revenue. This is one of the biggest growths in the software industry in 2012.
They achieved this without a sales person in their company. The products are selling on their own. The number of active customers is more than 23,000.
There is a rumor that they will go for IPO in 2012. The valuation of this company is between $700 M to $ 1 Billion.
Atlassian, which makes software for programmers to collaborate on projects, has added three new board members to prep itself for an initial public offering.
Joining as Atlassian’s board chairman is Doug Burgum, former board chair at SuccessFactors and CEO of Great Plains Software. Also joining the company’s board is Murray Demo, former CFO of Adobe Systems, Dolby Laboratories and LiveOps, and Kirk Bowman, venture partner at Accel Partners and former executive vice president at EqualLogic and VMWare.
Saravanan
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