Feeds

Atlassian heading for the exit?

New Board members have extensive experience selling software companies to the big boys

  • alert
  • submit to reddit

High performance access to file storage

Atlassian has appointed Doug Burgum, a software entrepreneur and former head of Microsoft’s Business Solutions Group, as its Chairman in a move viewed as taking the Australian software darling into the global tech major league.

The company which now operates in Sydney, San Francisco and Amsterdam, also plumped up its board with the addition of ex-Adobe Systems CFO Murray Demo, and Accel Partners exec Kirk Bowman.

The new board recruits are skilled at grooming software companies into a highly valued acquisition targets.

Prior to joining Microsoft, Burgum was chief executive of ERP start-up Great Plains Software which he sold to Microsoft in 2001 for US$1.1 billion. At Microsoft he led the $2 billion dollar acquisition of Denmark’s Navision. Exiting Microsoft, Burgum became chairman of the SuccessFactors board which was snapped up by SAP $4.3 billion.

Meanwhile, prior to joining Accel, Bowman was an executive at storage company Equallogic, which was acquired by Dell in 2008 for $1.4 billion.

The addition of the high profile M&A execs leave little to the imagination on where Atlassian's cofounders, Scott Farquhar and Mike Cannon-Brookes are taking the company, which until now has been run like an accelerated, hipster start-up.

Atlassian refrained from raising outside capital until 2010, when it received $60 million in a Series A round led by Accel Partners. ®

High performance access to file storage

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
Sorry London, Europe's top tech city is Munich
New 'Atlas of ICT Activity' finds innovation isn't happening at Silicon Roundabout
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.