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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.

Atlassian to Acquire The Browser Company for $610 Million in AI Browser Push

Atlassian (TEAM.O) announced on Thursday that it will acquire New York-based startup The Browser Company for $610 million in cash, marking its entry into the fast-growing AI browser market. Shares of the San Francisco-based software maker fell about 2% following the news.

The Browser Company, founded in 2019, developed the Arc and Dia browsers. Its latest product, Dia, launched earlier this year, is designed as an AI-driven workspace that can summarize webpages and perform tasks for users. Atlassian said it plans to position Dia as its primary work browser, integrating tasks and tools across the web with enterprise context.

The move comes amid intensifying competition in AI-enabled browsers. Nvidia-backed Perplexity’s Comet and Brave’s Leo have recently entered the space, while Microsoft’s Edge, bundled with Copilot, has become widely adopted in enterprises due to its Microsoft 365 integration and security features. Google Chrome continues to dominate globally with a 69% market share as of August, according to Statcounter.

The Browser Company previously raised $50 million in a Series B round that valued it at $550 million, per Pitchbook, and counted Atlassian Ventures, Salesforce Ventures, Figma CEO Dylan Field, and former Instacart CEO Fidji Simo among its investors.

Atlassian will fund the acquisition with existing cash reserves, which totaled $2.5 billion at the end of June. The deal, expected to close in its fiscal second quarter ending in December, is subject to regulatory approvals. The company said the acquisition will not be material to financial results in fiscal 2026–2027.