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Slack acquires HipChat and Stride from Atlassian to stave off Microsoft Teams

While Microsoft continues to bolster its collaboration platform called Teams, having released a freemium version of the service earlier this month, Slack is ramping up competition by acquiring HipChat and Stride from Atlassian. The purchase covers only the intellectual property rights to both chat services.

As part of the acquisition, Atlassian plans to discontinue both chat services and transition users to Slack's own platform. Slack and Atlassian are also teaming up to blend their respective products in the future with new features. For example, both companies plan to introduce new features to Slack integrations for Jira Server and Cloud, Trello, and Bitbucket. Under the partnership, Atlassian has also made an equity investment in Slack.

The Verge also noted that Slack will be completing its payment for the acquisition of HipChat and Stride over the next three years. To help HipChat users seamlessly switch to Slack, Atlassian has set up a migration hub to initiate the data migration process. Slack has also promised to help Stride users export their data to its platform in the near future. Time will tell if Slack ends up being able to stave off the potential threat from Microsoft in this space.

Via: The Verge

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