The Q3 FY24 letter to Atlassian shareholders provides an update on the company's mission to unleash the potential in every team, addressing customers, stakeholders, and shareholders. However, this quarter holds special significance. Scott Farquhar, after an incredible 23 years, has chosen to resign as co-CEO. 

Jira Service Management or ServiceNow ITSM? Making a decision between them requires extensive research and consideration. To simplify your decision-making process, the Deviniti team has compiled a curated list highlighting key aspects and features of both platforms. 

Valiantys acquires GLiNTECH, an Atlassian Platinum Partner in Australia, expanding its market reach to the Asia-Pacific region. The merger enhances their capabilities in Atlassian-specific services and provides access to untapped markets like New Zealand and Singapore. 

Tempo Software is acquiring Alpha Serve to expand its Strategic Portfolio Management Solution. This acquisition brings enterprise-grade data connectivity solutions that seamlessly integrate software systems like Atlassian Jira and ServiceNow with popular Business Intelligence Tools such as PowerBI and Tableau.

Allied Market Research's new report on the ITSM market forecasts significant growth from 2023 to 2032. The report highlights key components, functions, deployment modes, enterprise sizes, end-user industries, and regions shaping the market. Drivers for growth include increased adoption across industries, digital business transformation, and demand for unified platforms. However, challenges like implementation hurdles and service-level quality standards pose limitations to market expansion.

Atlassian has just acquired Loom, a platform for making and sharing quick videos. By combining Loom's video features with Atlassian's expertise, they hope to make collaboration even better, especially for remote workers. For example, engineers could use videos to show issues in their project management tool, Jira. It's a big move that could bring exciting changes for teams everywhere.

In an article published in Forbes, Robert DeFrancesco offers a comprehensive analysis of Atlassian's financial health and growth, compares it with previous fiscal years, and sheds light on its investment prospects. We've highlighted key figures from the recent year, which ended in June 2023, below.

Atlassian has promoted Avani Prabhakar as the global head of talent and HR business partners. In this role, she'll focus on enhancing company performance, streamlining operations for employee programs, and growing DEI initiatives. 

Gartner evaluated 14 global DevOps platform vendors based on their ability to execute and completeness of vision. Atlassian has already been recognized as a leader in the 2022 Gartner Magic Quadrant™ for IT Service Management Platforms.
Atlassian’s comprehensive DevOps platform empowers engineering, ITOps, and business teams, and Atlassian's leadership continues and is recognized by the 2023 Gartner Magic Quadrant for DevOps Platforms.

Read the latest update from Atlassian Co-CEOs for customers, stakeholders, and shareholders. This letter highlights Atlassian's ongoing mission to unlock the full potential within every team. In addition to providing financial updates, it delves into important information about products such as Atlassian Analytics, Beacon, Atlassian Together, and Atlassian Intelligence.

The co-founders of Atlassian, Mike Cannon-Brookes and Scott Farquhar have announced that the company will be saying goodbye to around 500 Atlassians, or 5% of its employees, as part of a restructuring plan aimed at better positioning the company for the long term. The executive team and board made the decision, but the co-founders made the final call. They aim to rebalance the team to prioritize the most critical work, such as ITSM and Cloud.

Hey there! Usually, we don't talk about acquisitions, spin-offs, mergers, or investments - unless we find them essential to our readers. Still, we've got some news to share that involves one of the most popular Jira apps, ScriptRunner.