Atlassian is making its biggest acquisition ever, buying an engineering intelligence platform to help clients understand whether they're getting the right bang for their AI buck.
Atlassian's $US1 billion ($1.5 billion) acquisition of the Salt Lake City, Utah-based DX will allow its more than 300,000 clients to measure and understand how AI tools support the work of their engineering teams.
"DX addresses this, helping them measure, benchmark, and improve developer productivity through data-informed decisions," CEO and co-founder Mike Cannon-Brookes said on Friday.
"Using AI is easy, creating value is harder.
"We're helping engineering teams from some of the biggest enterprise companies move faster, more intentionally and with incredible impact."
DX will be integrated into Atlassian's suite of software development tools, including Rovo Dev, Jira, Bitbucket and Compass.
Nearly all of DX's customers are also Atlassian users.
Mr Cannon-Brookes said the acquisition would be "massive" for its customers, which include the likes of Pfixer, Pinterest and Xero.
Nasdaq-listed, Sydney-headquartered Atlassian is buying DX using a mix of cash and restricted stock.
The transaction is expected to close in the second quarter of 2025/26.
It's Atlassian's second acquisition this month.
Earlier in September, Atlassian announced it was buying the Browser Company for $US610 million ($936 billion).
The startup makes two AI-powered internet browsers, Arc and Dia.
