Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Adobe to buy design group Figma for $20bn

by September 16, 2022
September 16, 2022
Adobe to buy design group Figma for $20bn

Adobe has agreed to buy business-to-business design company Figma for $20bn in cash and stock, as the software giant looks to bolster its creative tools offering.

San Francisco-based Figma, founded by Dylan Field and Evan Wallace in 2012, allows software developers and designers to collaborate remotely and design everything from slides for presentations to user interfaces on mobile apps.

The company raised $200mn in June last year at a $10bn valuation, with investment from Andreessen Horowitz and Sequoia Capital.

Adobe, whose stock is down more than 40 per cent this year, is looking to tap into the millions of customers using Figma, which enjoyed a boom during the pandemic as staff worked remotely. Its clients include Twitter, News UK, Google and Netflix.

“Adobe’s greatness has been rooted in our ability to create new categories and deliver cutting-edge technologies through organic innovation and inorganic acquisitions,” said Shantanu Narayen, Adobe chair and chief executive. “The combination of Adobe and Figma is transformational and will accelerate our vision for collaborative creativity.”

Figma expects to add about $200mn in net new annual recurring revenue this year, surpassing $400mn in 2022, it said.

Read more:
Adobe to buy design group Figma for $20bn

0
FacebookTwitterGoogle +Pinterest
previous post
Chancellor Kwasi Kwarteng to present mini Budget next week
next post
Pound sinks to lowest level against dollar since 1985 as sterling also down against euro

You may also like

Clearing the Clutter: Why Efficient Property Clearance is...

May 25, 2025

Budget 2024: £40bn tax hike through NIC and...

October 30, 2024

CMA Launches Probe into Nationwide’s £2.9bn Takeover of...

May 31, 2024

HS2 hit with final £6.2 million IR35 bill...

August 12, 2024

Want to keep good ESG data? Foster its...

August 15, 2023

Big Motoring World Warranty Review: Top Tips for...

April 5, 2025

Cash-strapped Britons turn away from online shopping

October 27, 2023

Playground Funding Options

February 10, 2023

Up to 4 million homes could be built...

September 23, 2024

Fiscal drag to push 8.3 million more Britons...

April 22, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Chief Justice Roberts sounds alarm on dangerous rhetoric aimed at judges from politicians

      June 29, 2025
    • Britain’s fastest-growing firms revealed for 2025: Dfyne, Nala’s Baby and Hawkstone lead the charge

      June 29, 2025
    • Schumer to force Senate reading of Trump’s entire ‘big, beautiful bill’

      June 28, 2025
    • Rubio condemns Iran’s ‘unacceptable’ threats against IAEA director

      June 28, 2025
    • Key blue state Republican says Senate’s local tax write-off offer is a ‘good deal’

      June 28, 2025
    • Key GOP senator defects on crucial vote, imperiling Trump’s ‘big, beautiful bill’ in narrow majority

      June 28, 2025

    Categories

    • Business (8,330)
    • Investing (2,081)
    • Politics (15,852)
    • Stocks (3,177)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved