Atlassian Completes Acquisition of Loom

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[{"type":"text","content":" Team Anywhere/SAN FRANCISCO--(BUSINESS WIRE)--\nAtlassian Corporation (NASDAQ: TEAM), a leading provider of team collaboration and productivity software, today announced it has completed the acquisition of Loom, a video messaging platform that helps users communicate through instantly shareable videos. The global movement towards distributed work has fueled a need for new ways to help teams collaborate when they are not in the same location or even the same hemisphere. Asynchronous video has been at the forefront of this movement with Loom’s business users recording almost 5 million videos per month.\n\n\nCombined with Atlassian’s deep expertise in how teams work, the addition of Loom will further elevate the collaboration experience for teams. Soon, engineers will be able to visually log issues in Jira; leaders can use videos to connect with employees at scale; sales teams can send tailored video updates to clients and HR teams can onboard new employees with personalized welcome videos.\n\n\nForward-Looking Statement Disclosure\n\n\nThis press release contains forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify these statements by forward-looking words such as “may,” “will,” “expect,” “believe,” “anticipate,” “intend,” “could,” “should,” “estimate,” or “continue,” and similar expressions or variations, but these words are not the exclusive means for identifying such statements. All statements other than statements of historical fact could be deemed forward looking, which are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: Atlassian’s ability to successfully integrate the business, technology, product, personnel and operations of Loom, and to achieve the expected benefits of the acquisition; the ability of Atlassian to extend its leadership in the team collaboration and productivity software space; the potential benefits of the transaction to Atlassian and Loom customers; anticipated new features and solutions that will become available; the ability to integrate Atlassian’s and Loom’s technology, including investment in AI; any statements of expectation or belief; and any sta...

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