Atlassian Corporation and Amazon Web Services (AWS) on Wednesday (Thursday AEDT) revealed a multi-year strategic partnership, set to transform how enterprises migrate to the cloud, and leverage AI for improved performance.
At AWS’ conference re:Invent 2024, the companies announced the collaboration to support the migration of millions of enterprise users to Atlassian Cloud, a platform powered by AWS, with businesses unlocking new cloud-enabled services, like advanced AI and security solutions.
Atlassian (NASDAQ: TEAM) shares jumped 7.13% to close at $287.50 on the back of the news to hit a fresh 52-week high.
The team collaboration and productivity software already serves over 300,000 customers worldwide, including major names like Air France-KLM, AustralianSuper, and Sun Life, and is the company behind major software tools Jira, Confluence and Trello.
The deal will see Atlassian’s Data Center business, which generates over US$1 billion (A$1.56 billion) in annual revenue, migrate millions of enterprise users to Atlassian Cloud, over a multi-year timeline.
The two companies are looking to establish a Cloud Center of Excellence (CCoE) to streamline migrations for large enterprises, potentially reducing migration times by up to 50%.
New innovations are also in focus including generative AI technologies like Amazon Bedrock, to Forge, enabling faster development and more powerful solutions for end-users.
“The new strategic collaboration agreement with AWS represents a significant opportunity to drive cloud transformation and deliver advanced AI capabilities to our enterprise customers, all backed by world-class infrastructure, security, and privacy of cloud,” said Asha Thurthi, head of product strategy and operations at Atlassian.
“We are excited to deepen our collaboration with Atlassian through a new Strategic Collaboration Agreement,” said Chris Casey, Director of Partners, Asia Pacific and Japan, Amazon Web Services.
“Atlassian has been an AWS Partner since 2011, and this new agreement reaffirms AWS’s commitment to supporting Atlassian’s growth and business transformation as they leverage AWS’s broadest and deepest set of technologies, including generative AI, to drive security and innovation choosing to run their entire Atlassian Cloud on AWS.”
The AWS’ conference re:Invent 2024 runs from the 2-6 December and has included announcements from the likes of Apple, which confirmed it uses custom AI chips from AWS.
Atlassian (NASDAQ: TEAM) has a market cap of $74.91 billion and was founded in Sydney in 2002 by Mike Cannon-Brookes and Scott Farquhar.