Adobe (Nasdaq: ADBE) will buy Figma, the web-based collaborative design platform, for $20 billion in cash and shares.
Adobe to Buy Figma: The transaction is expected to be completed in 2023. This is subject to the approval of the required regulatory clearances and approvals and the fulfillment of any other closing requirements, such as that of Figma’s shareholders.
The acquisition of Figma’s multi-player, web-based capabilities will help speed up the implementation of Adobe Creative Cloud technologies on the internet, making the creative process more efficient and accessible to a wider audience. The acquisition will benefit everyone involved in the design process, from designers to developers to product managers, by integrating Adobe’s imaging and illustration, photography, 3D, and video technology into Figma.
Figma platform The system is led by Dylan Field, co-founder, and CEO; Figma is a design platform that allows teams to develop products together. It was created on the internet. The system allows teams to think about, design, and construct products from conception to completion.
The company can reach an accessible market of $16.5 billion in 2025. The company is anticipated to increase its revenue by around $200 million of net ARR in the coming year, surpassing $400 million in the total ARR that will expire in 2022.