Adobe Acquired 'Figma' for $20 Billion USD to Focus on Creativity
Colin Smith — September 15, 2022 — Tech
References: news.adobe & theverge
Adobe announced that it has acquired Figma in a new Adobe x Figma initiative. The company acquired Figma for approximately $20 billion USD split amongst cash and value in stocks. Adobe stated that it will use Figma's leading experience in web-first collaborative design to "usher in a new era of collaborative creativity."
Figma is a platform that aims to make design and visual creativity accessible to all. When this is combined with Adobe's intuitive creative suite, everyone on the Adobe platform will be able to design interactive mobile and web applications for public distribution and use.
In Adobe's press release, the company states: "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," showing that, first and foremost, this acquisition was made with the end user in mind.
Image Credit: Adobe, Figma
Figma is a platform that aims to make design and visual creativity accessible to all. When this is combined with Adobe's intuitive creative suite, everyone on the Adobe platform will be able to design interactive mobile and web applications for public distribution and use.
In Adobe's press release, the company states: "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," showing that, first and foremost, this acquisition was made with the end user in mind.
Image Credit: Adobe, Figma
Trend Themes
1. Collaborative Design Platforms - The acquisition of Figma by Adobe highlights the trend of collaborative design and the potential for more platforms to emerge that make design accessible to all.
2. Integration of Web-first Design - With Figma's experience in web-first design combined with Adobe's creative suite, we can expect to see a trend of more integrated software that allows for seamless design across digital platforms.
3. Mergers and Acquisitions in Design Industry - The acquisition of Figma by Adobe represents a larger trend of mergers and acquisitions in the design industry, as companies seek to enhance their software offerings and stay competitive.
Industry Implications
1. Software Industry - The acquisition of Figma by Adobe highlights opportunities for disruptive innovation in the software industry, particularly in the area of collaborative design platforms.
2. Design Industry - The trend of mergers and acquisitions in the design industry will likely continue, presenting opportunities for new partnerships and innovative software solutions.
3. Technology Industry - As collaboration and web-first design become increasingly important in the technology industry, companies will need to adapt and innovate to stay competitive.
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