Dear Vinod,
Yes, Hipchat is a seperate product and will need its own license in order to function. You can either go cloud subscriptions or a hipchat server license;
Hipchat Data Center;
https://www.atlassian.com/licensing/hipchat#datacenterlicenses-3
Stride (Hipchat Cloud);
https://www.stride.com/pricing
Friendly Regards,
Jeremy Mooiman
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