Atlassian to acquire DX in $1 billion deal

Atlassian (TEAM.O) announced on Thursday that it will acquire developer productivity platform DX for about $1 billion in cash and restricted stock. The move aims to enhance customer experience by providing deeper insights into AI investments and their impact.

The acquisition reflects the growing trend of enterprises boosting funding in AI technologies to drive innovation, improve efficiency, and strengthen competitiveness. Earlier this month, Atlassian also revealed a $610 million deal to buy The Browser Company, the maker of AI-driven Dia and Arc browsers.

DX helps companies collect and analyze engineering workflow data, measure productivity, and track the adoption of AI tools. Its enterprise customers include Pfizer (PFE.N), Pinterest (PINS.N), and Xero—all of which already use Atlassian’s platforms for planning and tracking projects.

“Atlassian’s mission is to help our 300,000+ customers ensure they’re making the right investments to win in the AI era,” said co-CEO Mike Cannon-Brookes in a blog post.

The deal is expected to close in the second quarter of fiscal 2026. Atlassian confirmed that it will not affect its previously issued fiscal 2027 adjusted operating margin target.