Atlassian founders make BRW Young Rich

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Atlassian founders make BRW Young Rich
Atlassian founders Mike Cannon-Brookes and Scott Farquhar.

And buy BitBucket.

Atlassian's July $US60 million capital raising helped lift the 30-year-old founders of the developer tools maker into BRW's Young Rich list released today.

Scott Farquhar and Mike Cannon-Brookes rose to No.5 on this year's list making tools that made coders more efficient and took the grunt out of writing software. Technology industries were most favoured by the young rich who occupied 19 of the 100 slots in the list.

Atlassian has been profitable since it started in a bedroom in 2002, rising to occupy three offices in the heart of Sydney today. Last year, it made $58 million from 20,000 customers in 140 countries.

They were rewarded when US venture capitalist Accel Partners, which backed Facebook and admob, made the biggest software investment in the firm's history.

Atlassian recently spent some of the money on BitBucket, a hosted service for code sharing used by 60,000 developers around the world.

It dovetailed with Atlassian tools to help programmers track issues (Jira) and review code (Crucible), the company told its customers.

Atlassian planned other acquisitions later this year and was in a constant hiring mode, its founders told iTnews last month.

Atlassian has offices in Sydney, Sillicon Valley and Europe.

In October, the company will hold its annual Atlas Camp, a weekend retreat for about 40 international developers held just outside San Francisco.

"[It's for] everyone from open source hackers to people who work in corporations who extend our products to work with their systems to commercial companies," Cannon-Brookes said.

"People just run 24/7 with sessions and programming the whole ways and Guitar Hero and whatnot so it's pretty cool, it's fun."


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