Adobe Inc. completed the acquisition Frame.io, Inc. from Accel Partners, Insight Venture Management, LLC and others.
October 06, 2021
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Adobe Inc. (NasdaqGS:ADBE) entered into a definitive agreement to acquire Frame.io, inc. from Accel Partners, Insight Venture Management, LLC and others for $1.2 billion on August 19, 2021. The transaction, valued at $1.236 billion, is subject to customary purchase price adjustments. Adobe expects to finance the acquisition using existing cash, cash equivalent and short-term investment balances. Until the transaction closes, Adobe and frame.io will continue to operate separately. Upon close, Frame.io co-founder and Chief Executive Officer Emery Wells and co-founder John Traver will join Adobe. Emery Wells will continue to lead the Frame.io team, reporting to Scott Belsky. The transaction is subject to regulatory approval and customary closing conditions and expected to close during the fourth quarter of Adobe's 2021 fiscal year. Edward D. Herlihy, Jenna E. Levine, Jacob A. Kling, Nelson O. Fitts, Erica E. Bonnett, Emily D. Johnson and T. Eiko Stange of Wachtell, Lipton, Rosen & Katz LLP acted as legal advisors to Adobe Inc.
Adobe Inc. (NasdaqGS:ADBE) completed the acquisition Frame.io, Inc. from Accel Partners, Insight Venture Management, LLC and others on October 7, 2021.
Adobe Inc. specializes in the development of software for content design, publication and visual distribution. Net sales break down by product family as follows:
- digital media software (73.3%): primarily creation, illustration, viewing, conversion and digital contents broadcasting;
- online marketing and business process management software (25.2%): web publishing, information security, business resources planning, document production management, application automation software, etc.;
- other (1.5%): software for high-definition printing, online training, etc.
Net sales break down by source of income between sales of subscriptions (94.2%), sales of services 3.4%; consulting, training, maintenance and technical support services) and sales of products (2.4%).
Net sales are distributed geographically as follows: the United States (53.9%), Americas (6.2%), Europe/Middle East/Africa (25.1%) and Asia/Pacific (14.8%).
ADOBE INC. 
