Atlassian have announced that they have acquired hosted code collaboration provider Bitbucket.

BitBucket is a free code hosting site for the Mercurial distributed version control system. Bitbucket customers can now access a new user-based pricing and, for this week only, Atlassian are offering the 10-user private repository option free for the first year.

"The acquisition signals expanded and accelerated development of the Bitbucket service, as well as increased support for DVCS in Atlassian's products," reads the Atlassian announcement.