Adobe to Acquire Figma
Adobe Inc. is set to acquire Figma Inc. for roughly $20B, deal ranks as Adobe’s largest deal to date.
San Jose, Calif.-based Adobe agreed to acquire Figma in a cash-and-stock deal worth about $20 billion, a Sept. 15 news release said. Figma stockholders will get about $10 billion in cash and approximately $10 billion in stock, subject to adjustments.
Combination of Adobe and Figma Will Usher in New Era of Collaborative Creativity
Adobe’s mission is to change the world through digital experiences. Today, the digital economy runs on Adobe’s tools and platforms, and throughout its history, the company’s innovations have touched billions of lives across the globe.
Figma’s mission is to help teams collaborate visually and make design accessible to all. Founded by Dylan Field and Evan Wallace in 2012, the company pioneered product design on the web. Today, it is making it possible for everyone who designs interactive mobile and web applications to collaborate through multi-player workflows, sophisticated design systems and a rich, extensible developer ecosystem. Figma has attracted a new generation of millions of designers and developers and a loyal student following.
Together, Adobe and Figma will reimagine the future of creativity and productivity, accelerate creativity on the web, advance product design and inspire global communities of creators, designers and developers. The combined company will have a massive, fast-growing market opportunity and capabilities to drive significant value for customers, shareholders and the industry.
Reimagining the future of creativity and productivity
Adobe Chairman and CEO Shantanu Narayen expressed confidence in the company’s future after acquiring Figma, even as Adobe deals with an increasingly widening customer base that includes students, creative professionals and businesses.
“We are in the golden age of design, and we believe we have a unique opportunity to usher in a new era of collaborative creative computing,” Narayen said in the company’s Sept. 15 earnings call.
About Figma
Figma is a design platform for teams who build products together. Born on the web, Figma helps teams brainstorm, design, and build better products— from start to finish. Whether it’s consolidating tools, simplifying workflows, or collaborating across teams and time zones, Figma makes the design process faster, more efficient, and fun while keeping everyone on the same page.
About Adobe
Adobe is changing the world through digital experiences. For more information, visit www.adobe.com.
Resource:
https://news.adobe.com/news/news-details/2022/Adobe-to-Acquire-Figma/
