Adobe to acquire US collaborative software start-up Figma

Acquisitions

▤ Summary

Capabilities from Adobe’s imaging, photography, illustration, video, 3D and font technology will be brought into the Figma platform. California-headquartered software giant Adobe is planning to acquire Figma, a web-based design platform to boost its creative collaboration tech offering. Adobe announced today (15 September) that it had entered into a definitive merger agreement to acquire the company for approximately $20bn in cash and stock. Capabilities from Adobe’s imaging, photography, illustration, video, 3D and font technology will be brought into the Figma platform. “With Adobe’s amazing innovation and expertise, especially in 3D, video, vector, imaging and fonts, we can further reimagine end-to-end product design in the browser, while building new tools and spaces to empower customers to design products faster and more easily,” said Field, CEO of Figma.

▥ Classifications

industries
Media and Publishing
applications
Financial Reporting

◇ AskAI Classifications

Labels
SaaS Collaboration Software Design Software

▦ Linked Companies

Figma
$1M to $5M