Software developer Adobe buys web designer Figma


Adobe

The former Wall Street darling has been under pressure on the financial market for some time.


(Photo: dpa)

San Jose The software provider Adobe plans to boost its business with the acquisition of web design platform Figma. The companies have agreed on a purchase price of around 20 billion dollars (about 20 billion euros), as announced by Adobe on Thursday in San Jose. The amount is to be paid in cash and treasury shares.

Founded in 2012, Figma is a start-up specializing in collaborative software tools for creating web designs. According to his own statements, his customers include large tech companies such as Airbnb, Google, Spotify, Netflix and Twitter.

As a result of the corona pandemic, Figma saw growing demand due to the rapid increase in home office and virtual work. The company has expanded its offerings to include individuals creating games, maps, and presentations using Figma, among others.

Adobe plans to complete the acquisition next year, subject to regulatory and shareholder approval.

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