Adobe to purchase Figma.
California's SAN JOSE (BUSINESS WIRE) A formal merger agreement has been reached between Adobe (Nasdaq:ADBE) and Figma, a premier web-first collaborative creative platform, for an estimated $20 billion in cash and equity, the company stated today. A new age of creative collaboration will begin with the union of Adobe and Figma.
To transform the world via digital experiences is Adobe's mission. Today, Adobe's platforms and technologies power the digital economy, and throughout its history, the company's innovations have had a profound impact on billions of people worldwide. Adobe continues to invent and modify categories, having already revolutionized photography and creative expression with Photoshop, pioneered electronic documents with PDF, and created the digital marketing category with Adobe Experience Cloud.
Together, Adobe and Figma will reinvent the possibilities for creativity and productivity, speed up web-based creative, promote product design, and enthuse communities of creators, designers, and developers around the world. The merged business will have the ability to create considerable value for consumers, shareholders, and the industry, as well as a sizable, quickly expanding market potential.
Future Of Innovation.
Adobe and Figma are both passionate about fostering greater creativity and productivity among individuals and teams. The combined company will have a unique opportunity to power the future of work by bringing together capabilities for brainstorming, sharing, creativity, and collaboration and delivering these innovations to hundreds of millions of customers thanks to the expansive product portfolios of Adobe and Figma.
The thriving creative community at Adobe has been important in spurring the company's ongoing innovation. With their wide and expanding ecosystem, the dedicated Figma community creates and shares everything from lessons to templates to plug-ins. Designers and developers will become more accustomed to working together thanks to the merger of the Adobe and Figma communities.
According to David Wadhwani, head of Adobe's Digital Media business, "Figma has established a remarkable product design platform on the web." We eagerly anticipate working together with their outstanding team and thriving community to advance our shared aim of reimagining the future of creativity and productivity.