Origin, Financial Support and Owners/Backup Organizations

Origin

Bitbucket was previously an independent startup
. Startup company:
. Temporary organization designed to to grow fast
. Designed to search for markets, and for a repeatable and scalable business models
Acquired by VentureCapital-funded Atlassian, Inc. (Sep 2010)
. Financial institution who temporary participates in the capital of unlisted companies to increase its value, and once mature, the capitalist withdraws with a profit

Atlassian, Inc.
Australian enterprise software company founded in 2002
Provides software development and collaboration tools to help teams conceive, plan, build and launch SW products
Key people: Mike Cannon-Brookes and Scott Farquhar
. Image http://delimiter.com.au/wp-content/uploads/2010/09/atlassian1.jpg
They met while studying at the University of New South Wales (Australia)
. Key Hires:
. Alex Estevez (Chief Financial Officer)
. Jay Simons (Chief Marketing Officer)
. http://blogs.atlassian.com/2011/08/press_release_atlassian_caps_massive_revenue_growth_with_key_executive_hires

As a startup company
. http://en.wikipedia.org/wiki/File:Startup_financing_cycle.svg
Atlassian was self-funded from 2002, starting with a $10,000 credit card taken out by the founders
Atlassian with 225 employees by 2010, counts more than 20,000 customers in 140 countries, including Microsoft and Facebook
In July 2010 it raised its first outside funding for $60 million in venture capital from Accel Partners
. Accel Partners (Palo Alto, California, U.S.) including Facebook, Dropbox, Spotify, Rovio (Angry Birds), TRUSTe, Kayak, Macromedia, Walmart
'By joining forces, we're able to accelerate improvements to the infrastructure, support, and bring on additional developers'
Atlassian made $59 million in revenue in 2011
Atlassian is on a $100 million run-rate for the current fiscal year and has 26,000 customers globally
On June 2011, Atlassian announced its first big investment in another company: Cloud9, a SaaS-based IDE platform
Atlassian's customers include Coca-Cola, NASA and the majority of the Fortune 500 list
Currently employs 500 people and is headquartered in Sydney, San Francisco, Amsterdam and Tokyo