09:57 AM EST, 12/04/2024 (MT Newswires) -- Atlassian ( TEAM ) has entered a multiyear collaboration with Amazon.com's ( AMZN ) Amazon Web Services to transition its enterprise users to Atlassian Cloud, the companies said Wednesday.

Financial terms were not provided.

The agreement aims to migrate millions of enterprise users from Atlassian's ( TEAM ) Data Center business to its cloud platform, which operates on AWS infrastructure, the companies said.

Atlassian ( TEAM ) and AWS also plan to establish a cloud center of excellence to streamline the migration process, potentially reducing migration time by up to 50%.

The companies said the collaboration will also support the development of applications using Atlassian's ( TEAM ) Forge platform with AWS services, including generative artificial intelligence tools like Amazon Bedrock.

Shares of Atlassian ( TEAM ) were up 4.3% in recent trading, while Amazon ( AMZN ) rose 2.4%.

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