"Mike Cannon-Brookes, the CEO of enterprise software giant Atlassian, was one of the first users of the Arc browser. Over the last several years, he has been a prolific bug reporter and feature requester. Now he'll own the thing: Atlassian is acquiring The Browser Company, the New York-based startup that makes both Arc and the new AI-focused Dia browser. Atlassian is paying $610 million in cash for The Browser Company, and plans to run it as an independent entity."
"The conversations that led to the deal started about a year ago, says Josh Miller, The Browser Company's CEO. Lots of Atlassian employees were using Arc, and "they reached out wondering, how could we get more enterprise-ready?" Miller says. Big companies require data privacy, security, and management features in the software they use, and The Browser Company didn't offer enough of them."
Atlassian is acquiring The Browser Company for $610 million in cash and will run it as an independent entity. Mike Cannon-Brookes, Atlassian's CEO, used Arc extensively and contributed bug reports and feature requests. The Browser Company builds the Arc browser and the AI-focused Dia browser. Conversations toward the deal began about a year earlier after many Atlassian employees adopted Arc and asked about enterprise readiness. Large organizations require data privacy, security, and management features that The Browser Company lacked. Both companies are placing bets on AI and on browsers as central to the future of work.
Read at The Verge
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