Software goes cheap, cheaper, cheapest
Cheaper, accessible technology is part of the reason entrepreneurship is exploding in Silicon Valley– and technology keeps getting cheaper. Example du jour is Atlassian, which provides Web-tools to create specialized software programs. Access to the tools starts at $10 a month for small teams, according to new terms released on Tuesday. Atlassian says 40% of Fortune 500 companies use its products.
The company is backed by Accel Partners, which last year poured $60 million into Atlassian; businesses like Zynga and NHL.com use its products to build games and mobile apps.
Atlassian is part of a group of cloud-based software companies including Box, Domo, GoodData, and Jive that are taking on established software players like Oracle. Yesterday, cloud-based human-resources software company Workday said it had raised $85 million at a $2 billion valuation from investors like T. Rowe Price and Bezos Expeditions, underscoring the growing appetite for investments in cloud-based enterprise software.
(Photograph by Reuters/Stephen Lam)