Adobe Acquisition Of Figma, Will Digital Creative Industry Domination Company?

Adobe acquisition of Figma. (Doc. Voi)

JAKARTA multinational computer software company Adobe is reportedly buying Figma, a collaborative web app for the interface design. The merger will take the two companies to new lanes in dominating the creative industry.

The information was announced by Adobe, who succeeded in reaching an agreement to acquire Figma. As the announcement, the deal is worth 20 billion US dollars, half of which will be paid in cash and the rest with shares.

Considered one of the high-profile deals this year that is similar to Activision Blizzard Inc's 69 billion US dollars acquisition by Microsoft Corporation earlier this year. Adobe's acquisition of Figma depends on the conditions of proper regulatory closure.

Adobe is a company that pioneers so many innovations in the creative industry. The company is specifically known for spearheading creative solutions through Photoshop. In addition, the company made its debut in PDF files to share documents and through Adobe Experience Cloud, the company continues to push the boundaries of what it deems to be possible in the creative world.

If the acquisition of the Figma is possible, this will further put Adobe on a new focus, as Figma technology is as innovative as its output. The stigma specifically focuses on creating systems for everyone who designs interactive mobile and web applications to collaborate through multi-player workflows, advanced design systems, and a rich and expandable developer ecosystem.

Adobe's greatness has taken root in our ability to create new categories and deliver cutting-edge technologies through organic innovation and inorganic acquisitions, said Shantanu Narayen, Chairman, and CEO of Adobe. "Adobe and Figma's combination is transformational and will accelerate our vision for collaborative creativity," he added as quoted by CoinTalker.

The stock option to fund acquisition will involve granting 6 million shares to Figma's Chief Executive Officer, Dylan Field, and other key stakeholders at the company.

Cash balances can be sourced through futures loans. With the agreement scheduled to close in 2023, the duo Adobe and Figma will operate independently. After completing the transaction, Dylan Field will be responsible for the Sigma brand and will report to David Wadhwani, the business president of Digital Media Adobe.

As per the announcement, Figma has a market that can be address at 16.5 billion US dollars and will add 200 million US dollars in ARR to maintain relative productivity as a business. This impressive finance will add to Adobe's profits as both companies want to make a new future together.

With Adobe's incredible innovation and expertise, especially in 3D, video, vector, imaging, and fonts, we can further rearrange the design of end-to-end products in the browser, while building new tools and space to empower customers to design products faster and easier, said Dylan Field, co-founder, and CEO, Sigma.

In addition to the two companies, the creator community and customers in the ecosystem of the two companies will also be one of the beneficiaries of the long-term agreement between Adobe and Figma.