Slack buys Hipchat with plans to shut it down and migrate users to its chat service

Slack made a surprise announcement today that it's acquired Hipchat, once a primary competitor to its workplace chat service, from enterprise software giant Atlassian. As part of the partnership between Slack and Atlassian, Hipchat will be shutting down and the two companies will work together to migrate all of its users over to Slack. The same goes for Stride, the chat and collaboration successor to Hipchat that Atlassian launched last year.

In exchange, Atlassian gets a small stake in the startup, while Slack pays an undisclosed amount over the next three years to fully acquire the HipChat and Stride software stacks and user bases. The partnership comes at a pivotal time for corporate chat software, with Microsoft ramping up...

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