![]() ![]() to also include individuals building lightweight games, maps and presentations. #FIGMA CAREERS SOFTWARE#The company expanded its customer base in recent years from software designers at big companies like Airbnb Inc., Google, Herman Miller and Kimberly-Clark Corp. It’s also Adobe’s biggest acquisition and the market found the deal expensive, sending shares to their steepest single-day decline since 2010.įigma, which allows customers to collaborate on software as they build it, saw demand jump during the pandemic while more people worked remotely. ![]() The deal announced by Adobe, which is a mix of half cash and half stock, confirms an earlier Bloomberg report and would mark the biggest ever takeover of a private software company, according to data compiled by Bloomberg. ![]() in a deal valued at about US$20 billion in a bid to expand its suite of creative tools for professionals. ![]() agreed to buy software design startup Figma Inc. Its multiplayer web platform may be adopted for Adobe’s other creative offerings, and its FigJam whiteboarding and presentation capabilities may be integrated into Adobe Express and Acrobat, Belsky said.Adobe Inc. InDesign is one product he thinks would particularly benefit from more-collaborative workflows.īelsky said the rest of Adobe’s portfolio will take cues from Figma on collaborative updates. “That’s what I intend to prove” įield said he will continue to focus his attention on Figma after the deal is completed, although he’ll provide advice to Adobe. “I think it’s good for the community,” he said in an interview. The pace of innovation will remain unchanged, or even be accelerated, said Figma’s CEO Dylan Field.įield said he recognizes that users fear innovation will slow down after an acquisition, but he hopes the company can actually accelerate improvements to the platform with new technology and expertise at Adobe. “But when you have the right people that are really aligned with the same principles and recognize the value of what’s being brought in, sometimes it really turns out magnificently.” He added that Behance’s user base is 30 times the size it was when bought by Adobe.įigma users might take some comfort from the source of those comments: Belsky was the cofounder of Behance. “I understand why customers are always afraid of change,” Belsky said. Negative Twitter posts about that deal mirror what’s being said about Adobe buying Figma now, Belsky said. The company pointed to similar fears over its earlier acquisition of Behance. Other users expressed fears that Adobe might mess up the simple user interface of the app, turning it into bloatware. #FIGMA CAREERS FREE#He echoed Belsky that there are no price increases planned, that Figma will always be fully free for education and that he is “very committed” to maintaining a free tier, which fuels adoption. Users won’t need to have a Creative Cloud subscription to work on a document, he said.Īdditionally, Figma cofounder and chief executive officer Dylan Field pledged that the app will remain free for educational users. “We don’t want to fix something that’s working really well.”įile sharing without additional licensing costs helped fuel Figma’s rapid adoption, and Belsky said this dynamic won’t be changed. But the company has told Bloomberg that the freemium model will remain as-is.įigma’s pricing model will remain “freemium,” Adobe Chief Product Officer Scott Belsky said - meaning that a basic tier will always be accessible without cost. #FIGMA CAREERS FOR FREE#Those using Figma for free were understandably concerned, fearing that Adobe would force them to buy a subscription for the app – perhaps a Creative Cloud one. It’s the largest-ever buyout of a private software company. The deal is worth an incredible $20B, in a mix of cash and shares, dwarfing Apple’s $3B purchase of Beats back in 2014. The company has also offered some additional reassurances …Īdobe announced its agreement to purchase Figma earlier this month. Adobe has said that the Figma free tier will remain available if the company’s planned acquisition of the collaborative design platform is approved by shareholders and antitrust regulators. ![]()
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