Sept 18 (Reuters) - Atlassian ( TEAM ) said on Thursday

it has agreed to acquire developer intelligence platform DX for

about $1 billion in cash and restricted stock, aiming to improve

customer experience by providing insights into AI investments.

Enterprises have ramped up funding in AI capabilities as

they compete to leverage the technology for innovation,

operational efficiency, and competitive advantage.

In a move underscoring this trend, Atlassian ( TEAM ) earlier

this month announced a $610 million deal to acquire The Browser

Company, the maker of AI-powered Dia and Arc browsers.

Companies use DX to collect and analyze data on

engineering workflows, measure productivity, track the adoption

and impact of AI tools.

Most of DX's enterprise customers such as Pfizer ( PFE )

, Pinterest ( PINS ) and Xero also use Atlassian ( TEAM ) to plan

and track their work, CEO Mike Cannon Brookes said in a blog.

"Today's announcement is about helping our 300,000+

customers understand if they're making the right investments to

win in the AI era," Brookes said.

Atlassian ( TEAM ) said the deal, expected to close in the second

quarter of fiscal 2026, does not change its previously issued

fiscal 2027 adjusted operating margin target.