Atlassian to acquire video messaging platform Loom for about $975 million
Summary
Australia-based software firm Atlassian Corporation on Friday announced that it has entered into a definitive agreement to acquire the video messaging platform Loom for approximately $975 million. Its already the go-to place for over 260,000 customers who plan, track and get work done, and the addition of Loom will further elevate the collaboration experience for teams. “Looms vision is to empower everyone at work to communicate more effectively wherever they are, and by joining Atlassian, we can accelerate their mission to unleash the potential of every team,” said Joe Thomas, co-founder and CEO of Loom. For Loom customers, the acquisition will bring the benefit of Atlassians platform and portfolio of products, allowing users to plug async video directly into key workflows in Jira and systems of record in Confluence. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com.
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