Elevatic, enters into a put option agreement to acquire Elements, adding Service Management to its portfolio of trusted Atlassian solutions

Clipperton acted as exclusive financial advisor to the shareholders of Elements, a leading Atlassian Marketplace vendor specializing in Service Management and Data Connectivity, in the context of its acquisition by Elevatic Software GmbH, part of Communardo Group, a Platinum Atlassian Marketplace Partner backed by BU Bregal Unternehmerkapital.

With this acquisition, Elevatic now offers enterprise customers a comprehensive Atlassian platform spanning three complementary solution areas: Knowledge & Work Management, Developer Experience, and Service Management.

This transaction is another milestone in Clipperton’s track record of advising high-growth businesses in cross-border M&A transactions, with previous transactions including Mayday’s sale to USU, backed by Thoma Bravo, ROUVY’s sale to Zwift, Stereolabs’s sale to Ouster, and Automation & Robotics’s sale to EssilorLuxottica.

 

Our Client

Founded in France and headquartered in Toulouse, Elements is a leading Atlassian Marketplace Partner specializing in Service Management and Data Connectivity for Jira and Jira Service Management, supporting large organizations with connecting data, orchestrating workflows, and improving service experience across the Atlassian platform. The company is co-led by Julie d’Antin and Christophe Promé.

Through its two complementary solution areas, IT Service Management (ITSM) and Data Connectivity, Elements delivers enterprise-grade tools that enable organizations to orchestrate complex workflows, integrate data seamlessly, and elevate service operations across Jira and Jira Service Management.

Elements is trusted by a growing base of enterprise customers worldwide, recognized for its high standards of product quality, deep Atlassian platform expertise, and consistent delivery of innovation. The company has built a strong reputation as a reliable, long-term partner within the global Atlassian ecosystem.

Deal Rationale

  • The acquisition positions Elevatic as the leading European Atlassian Marketplace vendor of scale, offering enterprise customers a fully integrated platform across three complementary solution areas: Knowledge & Work Management, Developer Experience, and Service Management. Together, Elevatic and Elements cover the full spectrum of the modern digital workplace, from knowledge sharing and developer productivity to enterprise-grade service management and data integration.
  • For Elements, joining Elevatic means access to significantly greater scale and resources to accelerate product investment and international expansion.
  • Elevatic, backed by BU Bregal Unternehmerkapital, the largest mid-cap investor headquartered in the DACH region with over €7 billion AUM, further advances its buy-and-build strategy in the Atlassian ecosystem.

“Elevatic and Elements share the same conviction: enterprise customers need Atlassian Marketplace vendors who go deep on the verticals they serve and can deliver at scale. Joining forces accelerates our ambition to make Elements the leading enterprise service management and data connectivity layer on the Atlassian platform. The cultural fit is strong, the portfolios genuinely complementary; together we cover more of the customer journey.” said Julie d’Antin, Co-CEO at Elements.

Clipperton’s Track Record in Advising High-Growth SaaS Businesses in Cross-Border M&A

This transaction is another milestone in Clipperton’s track record of advising high-growth businesses in cross-border M&A transactions, with previous transactions including Mayday, ROUVY’s sale to Zwift, Stereolabs’s sale to Ouster, and Automation & Robotics’s sale to EssilorLuxottica.

Deal Team 

About Clipperton

Clipperton is a leading international investment bank dedicated to technology and growth companies, with offices in Paris, New York, Berlin, and Munich, as well as partnerships in the Netherlands, the UK, Switzerland, China, Italy, and Spain. We provide strategic and financial advisory services to entrepreneurs, corporates, and top-tier investors looking to execute strategic M&A, private equity, private placements, and debt financing transactions. Founded in 2003, we have completed over 500 deals with fast-growing technology businesses, blue-chip corporates, and renowned financial investors.

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