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Slack buys Hipchat and Stride

2018-07-27 13:58 by
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Slack announced today that it's acquired HipChat, once a primary competitor to its workplace chat service, from enterprise software giant Atlassian. As part of the partnership between Slack and Atlassian, HipChat will be shutting down and the two companies will work together to migrate all of its users over to Slack. The same goes for Stride, the chat and collaboration successor to HipChat that Atlassian launched last year.

Atlassian launched Stride last September as a way to better compete with Slack and the company said that while it had made progress with Stride, the partnership with Slack turned out to be a better option in the end. "We're very proud of what the team has built," Atlassian co-CEO Mike Cannon-Brookes said. "But at the same time, it is a crowded space, and there's a pragmatic option there."

Slack will pay an undisclosed amount over the next three years to acquire Atlassian’s HipChat and Stride assets, chief executives from both companies said. Slack CEO Stewart Butterfield described both the payment and the investment by Atlassian in his company as "nominal" in financial terms but important strategically.

The deal confirms what millions of office workers already know: Slack has become the dominant tool for workplace messaging. The company boasts more active users than Microsoft’s competing Teams product, including many who are surprisingly passionate about it.

Read more -here-


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