Acquisition Drives Appfire Investment in Atlassian Cloud Products and Expertise
Appfire, a leading provider of apps for software development teams, announced the acquisition of Artemis Software, an Atlassian app vendor with an established cloud presence focused on optimizing productivity and collaborative work environments by leveraging Atlassian tools.
“We look forward to this next phase of our product development with the Appfire team. The resources for marketing, finance, and operations that this acquisition offers us is a win for us and the developer community.”
The acquisition further accelerates Appfire’s investment in cloud product offerings, as the company released 10 cloud products in 2020 and made several other strategic acquisitions of Atlassian cloud app vendors, including Beecom, Innovalog, and Navarambh Software.
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“Appfire’s success has always been based on anticipating the needs of our customers and providing them the solutions they need to get the most value out of Atlassian’s products,” said Randall Ward, co-founder and CEO, Appfire. “The Artemis acquisition brings in top talent that will rapidly deliver on our cloud strategy and produce several new product offerings next year. I am excited to welcome Brendan Patterson, Bob Bergman, and their wonderful team to Appfire.”
Artemis brings several apps that strengthen Appfire’s portfolio of team productivity apps, including their MultiExcerpt, Copy Page Tree, and Flow Board products.
“Artemis has built their business on improving project management and collaboration with leading edge tools that take full advantage of the many benefits of a cloud environment,” said Jeff Pierce, vice president of research & development, Appfire. “Their keen knowledge of developing and scaling cloud products combined with our strong ecosystem will bring significant value to our customers.”
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As part of the acquisition, Artemis founder Brendan Patterson and chief architect Bob Bergman, will join as Chief Product Architects, based in Denver, Colorado. Both bring deep institutional knowledge of the Atlassian ecosystem to Appfire. Brendan was the first US-based Atlassian Partner, and Bob formerly worked at Atlassian, where he helped co-create Atlassian Connect, Atlassian’s cloud app development framework.
“Since our inception, Artemis Software has been focused on helping customers drive adoption of and customize their Atlassian products,” said Brendan Patterson, founder, Artemis Software. “We look forward to this next phase of our product development with the Appfire team. The resources for marketing, finance, and operations that this acquisition offers us is a win for us and the developer community.”
Kirkland & Ellis LLP served as legal counsel to Appfire. The deal was financed by First Eagle Alternative Credit, LLC.
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