On Thursday, the American software giant Adobe revealed that it has signed a legally binding agreement to buy Figma, the top web-first collaborative design platform, for almost $20 billion in cash and equity.
According to the announcement of the transaction, the union of Adobe and Figma would herald in a new era of creative collaboration.
According to Shantanu Narayen, chairman and CEO of Adobe, “Adobe’s brilliance has been rooted on our ability to build new categories and offer cutting-edge technology through organic innovation and inorganic acquisitions.” “Adobe and Figma working together is a game-changer and will help us realise our goal for collaborative innovation.”
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“Figma’s mission is to help teams collaborate visually and make design accessible to all. Founded by Dylan Field and Evan Wallace in 2012, the company pioneered product design on the web. Today, it is making it possible for everyone who designs interactive mobile and web applications to collaborate through multi-player workflows, sophisticated design systems and a rich, extensible developer ecosystem. Figma has attracted a new generation of millions of designers and developers and a loyal student following.
“Together, 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. The combined company will have a massive, fast-growing market opportunity and capabilities to drive significant value for customers, shareholders and the industry,” the statement said.
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