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Atlassian shares surge to record high on OpsGenie buy

Jacob Greber
Jacob GreberSenior correspondent
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Washington | Australian software giant Atlassian is moving fast to target the burgeoning market for IT crash alert systems, encouraging one analyst to lift his price target even after the stock almost doubled this year.

The fast-growing global maker of programs that co-ordinate software development agreed to pay $US295 million ($411 million) to buy Boston-based OpsGenie.

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Jacob Greber writes about politics, economics and business from Canberra. He has been a Washington correspondent and economics correspondent. Connect with Jacob on Twitter. Email Jacob at jgreber@afr.com

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    Original URL: https://www.afr.com/technology/atlassian-shares-surge-to-record-high-on-opsgenie-buy-20180904-h14xxh