The Browser Company, maker of Arc and Dia, is being acquired

Atlassian, the enterprise software giant, is acquiring The Browser Company, the New York-based startup that developed the Arc and Dia browsers. The deal is worth $610 million in cash, and Atlassian plans to operate The Browser Company as an independent entity. The acquisition comes after years of Atlassian CEO Mike Cannon-Brookes being an avid user and contributor to the Arc browser. The conversations leading to the deal began around a year ago, as many Atlassian employees were already using Arc. The Browser Company's CEO, Josh Miller, highlights the simplicity and AI integration of the Dia browser as key factors in the acquisition. Atlassian aims to leverage The Browser Company's expertise in building innovative web browsers to enhance its own suite of enterprise software products. The deal represents a significant milestone for The Browser Company, as it joins forces with a major player in the enterprise software market to further develop and expand its browser offerings.