Are other AU companies feeling the same way?
Atlassian Seeks Domicile Move to Pave Way for U.S. Initial Offer
31–40 of 44 posts
Re: Atlassian Seeks Domicile Move to Pave Way for U.S. Initial Offer
#32As an Aussie, sad to see a homegrown company head overseas. Can understand why though. 30% corporate tax, lower EBITDA: Market Cap and I'm sure plenty of red tape. Tis a shame.
Hopefully they will bring plenty of Aussie staff with them.
Who then have children eligible to play for England in the Ashes. I think we have need of them.
Re: Atlassian Seeks Domicile Move to Pave Way for U.S. Initial Offer
#33As an Aussie, sad to see a homegrown company head overseas. Can understand why though. 30% corporate tax, lower EBITDA: Market Cap and I'm sure plenty of red tape. Tis a shame.
You know that its a bad situation when a company decides moving to the UK will be cheaper.
Re: Atlassian Seeks Domicile Move to Pave Way for U.S. Initial Offer
#34I really hope this doesn't fuck up the company offering. We are deeply embedded with Atlassian products / services. JIRA is an ingrained part of our daily business processes. All of our developers actually like it - a first when it comes to bug / issue / story management tools. It has its quirks, but we haven't found anything that matches it to date.
I love JIRA. The plugin ecosystem, on the other hand, reminds me of Wordpress in a mildly negative way. Vanilla JIRA and Bitbucket are both really solid offerings. JIRA is so ubiquitous I've used it on and off at various companies almost since it was first released. They've done so well there.
As someone who has attempted to fix a broken plugin... I completely agree.
Re: Atlassian Seeks Domicile Move to Pave Way for U.S. Initial Offer
#35Earlier quoted context omitted.
I also suspect the relative ease of relocating a large number Australian's to the UK would have a big impact (ease of getting visa's etc).
I think it's easier to get Australians into the USA on the E3 visa.
E3s are temporary and must be renewed every 2 years. Can't be transferred to another employer. Can't be used to qualify for permanent residency. They are quite useful if your married (straight) partner wants to join you (and somewhat useful if you have a defacto non-US citizen gay partner due to a bizarre quirk in the law. Tough luck if you have a defacto straight partner though.)
Lots of Australians would qualify for permanent residency in the UK under an Ancestory Visa, or an equivalent in another EU country. Emigrating AUUK is a very well worn path that's easy to naviagte. The US isn't quite so welcoming.
(Source: i'm an Australian who live in the UK for 10 years, the US for 2 and now Canada for 5.)
Re: Atlassian Seeks Domicile Move to Pave Way for U.S. Initial Offer
#36I really hope this doesn't fuck up the company offering. We are deeply embedded with Atlassian products / services. JIRA is an ingrained part of our daily business processes. All of our developers actually like it - a first when it comes to bug / issue / story management tools. It has its quirks, but we haven't found anything that matches it to date.
So much this! My only gripe is the almost exclusively pay-for plugin ecosystem surrounding their apps.
The number of decent free (or even low cost!) plugins is few and far between unlike, say, Mediawiki vs Confluence.
Worse is that those same plugins follow the same user-based pricing that the main app does, regardless of what the plugin actually does.. so if I want, say, a table markup plugin to patch some of the holes in the Confluence's WYSIWYG editor, I can expect to pay the same amount as the Confluence license if not more!
And the developers of said plugins get snippy with you if you dare ask "WTF?"
Yeah, I'll just try to get approved to spend $1,200 to render HTML tables in Confluence. That'll go over really well with the accounting guys.
Re: Atlassian Seeks Domicile Move to Pave Way for U.S. Initial Offer
#37I really hope this doesn't fuck up the company offering. We are deeply embedded with Atlassian products / services. JIRA is an ingrained part of our daily business processes. All of our developers actually like it - a first when it comes to bug / issue / story management tools. It has its quirks, but we haven't found anything that matches it to date.
meh.
It jumped the shark when they got rid of wikitext. The agile tools (Greenhopper or whatever) feel really bolted on. And it's sloooooow
Re: Atlassian Seeks Domicile Move to Pave Way for U.S. Initial Offer
#38As an Aussie, sad to see a homegrown company head overseas. Can understand why though. 30% corporate tax, lower EBITDA: Market Cap and I'm sure plenty of red tape. Tis a shame.
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Re: Atlassian Seeks Domicile Move to Pave Way for U.S. Initial Offer
#39As an Aussie, sad to see a homegrown company head overseas. Can understand why though. 30% corporate tax, lower EBITDA: Market Cap and I'm sure plenty of red tape. Tis a shame.
As a fellow Ausssie, I'm also sad about this. By the sounds of it, they've given this move a lot of careful consideration. But, rather than just be sad about it... Might be a good opportunity to discuss what can be done to improve on the situation for future Australian companies? In what ways can navigating through the red tape be made simpler? I know there's a lot of small startups springing up across at least Melbo…
After growing organically - and very successfully too - they accepted $60m from Acccel Partners, a private equity firm, in 2010.
This move abroad has probably been driven by the money-men seeking their return, rather than any business imperative.
Re: Atlassian Seeks Domicile Move to Pave Way for U.S. Initial Offer
#40What is most likely the reason why Atlassian prefers moving to UK instead of US?
Especially as the investors and NYSE&NASDAQ are in the US.