Sydney's ‘Silicon Valley’ Secures Software Giant Atlassian
The $25 billion Australian-born software giant Atlassian is set to become an anchor tenant at Sydney’s Innovation and Technology precinct located at Central-Eveleigh.
Atlassian co-CEO Scott Farquhar confirmed an in-principle agreement with the New South Wales government had been reached for what would be its new Sydney headquarters near Central Station.
The state government is promoting the area as the digital destination of Australia.
Farquhar this week said his hopes for the new precinct would become a “technology ecosystem”, creating benefits for start ups and large tech companies alike. Something his company didn't have starting out in Sydney almost 20 years ago.
Founded by best friends Mike Cannon-Brookes and Scott Farquhar in 2002, the homegrown giant has since become Australia’s biggest tech success story.
Atlassian is responsible for the likes of Trello and Jira, the latter a product popular for helping developer teams track software bugs.
Last month Nasdaq-listed Atlassian reported $1 billion in annual revenue for the first time ever, beating Wall Street’s expectations.
And as New South Wales heads to the polls next month, with an election slated for March 23, Premier Gladys Berejiklian also took the opportunity to announce initiatives across four planned employment precincts to be created at Eveleigh, Liverpool, Lucas Heights and the Central Coast.
“These new precincts will bring together universities, major hospitals, small businesses and start-ups, 250,000 new jobs,” Berejiklian said.
The three other precincts would include the Liverpool Health and Innovation Precinct, with three universities signing a statement of intent for the precinct around the redeveloped Liverpool hospital.
A $12.5 million fund towards the development of a nuclear medicine and technology hub set for Lucas Heights in Sydney's south, and the creation of a Central Coast education and employment precinct aiming to revitalise Gosford CBD.
“These precincts will bring together universities, major hospitals, industry leaders and startups to deliver more job opportunities across Sydney and the Central Coast,” Berejiklian said.
