Trello acquired by Atlassian for $425 million

Project management service Trello has been acquired by software company Atlassian in a deal said to be worth $425 million by TechCrunch. Much of the deal, $360 million worth, is a cash transaction, with the remainder to be paid out in restricted shares and options. The acquisition is expected to close by March 31.
Atlassian currently has its own project management app, Jira, but Trello has more of a loyal following, according to a story in Wired, due to its simplicity and ease of use. It’s