Asana acquires StackAI Inc.

Asana Inc., known for its work management software, has acquired StackAI Inc., a San Francisco-based no-code platform specializing in artificial intelligence agents. The acquisition seeks to enhance Asana’s capabilities in running automated workflows across various enterprise systems. The financial terms of the transaction have not been disclosed.

StackAI's platform enables businesses to design and manage AI agents without requiring coding skills. It integrates with enterprise applications from companies such as Salesforce, Oracle, and AWS. This allows the agents to read and write data across these platforms, facilitating workflows via a single interconnected system. The existing clientele of StackAI includes companies in financial services, healthcare, and professional services, utilizing the technology for customer support, IT service requests, and compliance processes.

The strategic acquisition is aimed at advancing Asana's goal of becoming an operating system for human-agent teams. Over the past year, Asana has integrated AI functionalities such as AI Studio and AI Teammates to automate repetitive tasks. With StackAI, Asana will strengthen its execution capabilities across external systems. According to Asana CEO Dan Rogers, this move is intended to enhance the firm’s roadmap, pushing further into agent-focused enterprise solutions.

The acquisition was announced concurrently with Asana's fiscal first-quarter results for 2027. The company posted better-than-expected earnings, reporting an adjusted earning of 10 cents per share and revenue of $205.1 million, surpassing analysts' expectations. Asana’s customer base also showed growth, with clients increasing in spending categories of $5,000 and $100,000 annually.

Looking ahead, Asana projects revenue between $213 million and $215 million for the second quarter and has raised its full-year revenue forecast. The StackAI acquisition is anticipated to contribute approximately 50 basis points to its growth. Asana shares appreciated by over 3% in late trading, reflecting market confidence in the company's strategic acquisition and financial performance.