Today’s development community has grown out of development teams in same room to development teams across globe. GIT has emerged as one of the most popular version control system. Atlassian has launched Stash to solve this challenge of having GIT code repositories centralized behind firewall. Simplicity at its best, all the configuration that is required is create your project, add the repositories and give permissions.

Last year, product development software company Atlassian raises a whopping $60 million in new funding, some of which was to be be put towards M&A. The company bought Bitbucket.org, a hosted service for code collaboration last year. And today, Atlassian is buying SourceTree, a popular client for Git and Mercurial distributed version control systems (DVCS) as well as Subversion source control. Financial terms of the deal were not disclosed.