Adobe To Acquire , Design Platform Figma.
Adobe To Acquire , Design Platform Figma.
As part of its last funding round in 2021, Figma was valued at $10 billion.
CNBC reports that on Sept.
15, Adobe announced that it will buy Figma for $20 billion.
CNBC reports that on Sept.
15, Adobe announced that it will buy Figma for $20 billion.
The deal will include cash and stocks.
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The deal will include cash and stocks.
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The deal will include cash and stocks.
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According to Adobe, Figma's Annual Recurring Revenue will exceed $400 million at the end of 2022.
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According to Adobe, Figma's Annual Recurring Revenue will exceed $400 million at the end of 2022.
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Figma's cloud-based design software is a direct competitor to Adobe's XD program.
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Figma's cloud-based design software is a direct competitor to Adobe's XD program.
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CNBC reports that Adobe intends to integrate features from its other products into Figma's platform.
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CNBC reports that Adobe intends to integrate features from its other products into Figma's platform.
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Adobe’s greatness has been rooted in our ability to create new categories and deliver cutting-edge technologies through organic innovation and inorganic acquisitions, Shantanu Narayen, Adobe CEO, via statement.
The combination of Adobe and Figma is transformational and will accelerate our vision for collaborative creativity, Shantanu Narayen, Adobe CEO, via statement.
Dylan Field, Figma co-founder and CEO, will keep running the company after the deal closes.
