HomeBusinessAdobe acquires Figma for...

Adobe acquires Figma for $20 billion, aiming at collaborative creation

Adobe is moving into team-based creation by acquiring collaborative design platform Figma for $20 billion. The acquisition was made both in shares and cash. That’s, by the way, the largest purchase of a private software company in history.

According to Adobe, this investment should accelerate web creativity and collaborative creation. This purchase may help to make Adobe’s Creative Cloud stack deeper on the Internet and in team collaboration. For Figma software and utilities, on the other hand, that means that some of Adobe’s features may appear on Figma’s platform.

By the way, the deal needs to get approval from both government regulators and shareholders, but companies expect to close it in 2023.

What about Figma’s executive staff? Well, Figma’s chief Dylan Field will remain at the helm but would report to Adobe’s digital media lead David Wadhwani.

What would happen with the Figma platform? Dylan Field has written a blog post that expressed that Adobe is “deeply committed” to remaining Figma autonomous entity. So it looks like (at least at the moment) that will be no changes in pricing, and Figma will remain free for students, teachers, and professors.

Vladislav Lanski
Vladislav Lanski
I'm currently a lead editor and owner of Splaitor. Also, I'm the chief editor at Tab-tv.com.

Discussion

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related articles

Dylan Field, Figma’s co-founder and chief, says Figma would remain autonomous after being acquired by Adobe

After the most expensive deal in the history of private software, Figma would remain autonomous, according to CEO,

Latest