Borissov & Partners Advised on the Acquisition of SIP Communicator Ltd.

Borissov & Partners has advised the Atlassian Corporation on Bulgarian elements related to its acquisition of the IT business of SIP Communicator Ltd. (a subsidiary of BlueJimp Sarl, France).

SIP Communicator/BlueJimp is the company behind Jitsi, a popular open-source chat and video conferencing tool. BlueJimp’s technology will replace the current video chat technology that powers Atlassian’s HipChat video features, both in Atlassian’s hosted and on-premise versions.

“Supporting the Jitsi open source project will allow great minds from around the world to advance video for the workplace faster than we would be able to on our own,” said Bernardo de Albergaria, Atlassian’s vice president and general manager for its recently formed Collaboration business unit. “This is an exciting new venture for Atlassian that will enrich HipChat in ways that haven’t yet been imagined.”

“We were the first team communication tool to bring 1-1 video to market, the first to provide native apps for all major platforms (including the new Apple Watch) and we aim to be the first to launch native group video,” de Alabergaria said. He also noted that Jitsi offers audio mixing and recording functionality, “which opens up a slew of new capabilities we can explore bringing to HipChat users over time.”

Borissov & Partners provided advice and assistance on all Bulgarian legal aspects of the deal.

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