Technology News [September 16, 2022]
Adobe Announces Acquisition of Online Design Startup Figma for Approximately $20 Billion
On September 15, Adobe announced that it has signed a definitive agreement to acquire Figma, a startup developing “online design collaboration tools,” for approximately $20 billion in cash and stock.
Figma is a startup that develops “online design collaboration tools.
Figma primarily develops browser-based tools that allow software designers to work together in real time. Its products allow collaborators to bypass the clunky collaboration process and save and send their work through a series of different applications.
Figma, which is known to be led by co-founder Dylan Field, saw a surge in demand for its products during the epidemic with the rise of telecommuting. figma
customers include Airbnb, Google, Netflix and Twitte, and its backers include venture capital firms Kleiner Perkins, Index and