Slack snaps up Atlassian’s Stride and Hipchat Cloud IP

Slack has acquired the intellectual property for Atlassian’s Stride and Hipchat Cloud, which will be discontinued, as part of a partnership between the companies announced today.

As part of the deal ‚Äď revealed in blog posts from both companies today ‚Äď Atlassian has made a ‚Äúsmall, but symbolically important‚ÄĚ equity investment in Slack.

Stride was launched in September last year, a late entrant to the increasingly crowded team communication and collaboration segment.

‚ÄĚOver the past year, however, the market in real-time communications has changed pretty dramatically. And throughout that change, one product has continued to stand out from the others: Slack,‚ÄĚ wrote Joff Redfern, Atlassian vice president of product management.

‚ÄúWhile we‚Äôve made great early progress with Stride,¬†we believe the best way forward for our customers and for Atlassian is to¬†enter into a strategic partnership with¬†Slack¬†and¬†no longer offer our own¬†real-time communications products,‚ÄĚ Redfern added.

« »