Atlassian Acquires Loom

October 12, 2023

Atlassian Corporation has acquired Loom, the asynchronous video messaging platform, for approximately $975 million (about $880 million cash and the remainder in Atlassian equity awards). Loom will remain available as a standalone product while being integrated across Atlassian's suite (Jira, Confluence, etc.) to add async video capabilities and AI-driven video-to-workflow features.

Buyers
Atlassian Corporation
Targets
Loom
Industry
Cloud & SaaS
Location
California, United States
Transaction Type
Buyout

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