Adobe Acquires Figma for around $20 Billion

Figma, San Francisco, the USA, founded in 2012, is an online collaboration tool that designers and developers apply for interface development and prototyping, and digital product building. It allows users to collaborate with designers and developers for editing, commenting, coding, and reviewing designs. 

Adobe, Mountain View, USA, is a company that focuses on the development of software for the creation and publication of different content such as photography, graphics, animation, illustration, motion pictures, multimedia, etc.

After the deal is completed, the streamline and modern cloud-based environment of Figma with 4 million users (including Twitter, Netflix, and Google) will integrate with the number of businesses from the digital creative world acquired by Adobe. In its turn, Figma receives the opportunity to add Adobe’s imaging, video, and 3D capabilities to its platform. “Adobe’s greatness has been rooted in our ability to create new categories and deliver cutting-edge technologies through organic innovation and inorganic acquisitions. The combination of Adobe and Figma is transformational and will accelerate our vision for collaborative creativity,” Shantanu Narayen, chairman and CEO of Adobe. Figma’s price is paid half in cash and half in stock is twice higher than Figma’s valuation after its last private round last year.

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