Atlassian has made a second major acquisition this month, handing over US$1 billion (A$1.5bn) for developer intelligence platform DX.
The deal comes just a fortnight after the Australian software giant spent US$610 million (A$935m) in cash on AI browser startup The Browser Company.
US-based DX, founded in 2020, helps engineering organisations measure, understand, and improve developer productivity and satisfaction and counts Dropbox, Block, and Pinterest among its clients.
Atlassian CEO Mike Cannon-Brookes said the company’s latest M&A deal will help businesses understand how their AI investments are helping engineering teams accelerate and improve their work.
“Using AI is easy, creating value is harder. Today’s announcement is about helping our 300,000+ customers understand if they’re making the right investments to win in the AI era,” he said.
“By bringing DX into Atlassian’s System of Work, we’re helping engineering teams from some of the biggest enterprise companies move faster, more intentionally, and with incredible impact.”
DX will sit alongside tools such as Rovo Dev, Jira, Bitbucket, Bitbucket Pipelines and Compass to measure AI adoption and impact, also delivering real-time insights into developer productivity and system health.
Atlassian chief technology officer Rajeev Rajan said that “DX gives engineering leaders a clear view across R&D—showing not just what’s getting done, but how teams feel about it—at a time when AI is transforming developers’ roles and deep understanding has never mattered more.”
The US$1 billion deal in cash and restricted stock, includes DX’s cash balance, and following regulatory approvals is expected close in the second quarter of FY2026.
DX’s CEO and founder Abi Noda said they founded the startup five years ago “on the belief that measuring developer productivity and experience was an unsolved problem that requires a research-driven approach”.
“Combining our data intelligence with Atlassian’s AI-powered tools, we can provide customers with unmatched understanding, solutions and feedback to accelerate developer productivity,” he said.
Atlassian now has more than 300,000 customers.
The workplace software platform has now spent several billion on acquisitions, including $1.5 billion M&A deal US video messaging startup Loom, and Melbourne IT data quality management business AirTrack, both in 2023.
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