Adobe to acquire Figma for $20 billion in cash and stock

Adobe has announced to acquire design software firm Figma in a deal worth about $20 billion.

[{"selector":"#anim-61bde842-844a-410b-86a4-2f6446b491ab [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0.22191177995098865%, 4.474433208206422%) scale(0.9090909090909091)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Founded in 2012, Figma creates cloud-based design software that allows teams to collaborate in real-time.

[{"selector":"#anim-cada805a-55ce-448a-bcf1-9e2074bba65d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(9.586006929437103%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

It's head-to-head competition is with Adobe’s XD program.

[{"selector":"#anim-b15164a4-4011-4add-bf05-c106821b030b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(11.015834973395188%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

The company was valued at $10 billion in its last funding round in 2021.

[{"selector":"#anim-8590729a-5a1a-4170-8e8d-e1f7a9c8153f [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.16629452857495%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

According to CNBC, Figma is expected to generate over $400 million in annual recurring revenue this year

[{"selector":"#anim-c747d104-ed5a-496b-b12d-fe1ac72fba5e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}]

Figma's backers include Index Ventures, Greylock Partners and Kleiner Perkins.

[{"selector":"#anim-d0a1ce06-1286-4013-bce3-ab61df9ad7ee [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.812499657343904%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}]

Adobe said it will integrate some features from its other products, such as illustration and photo-video technology, into Figma’s platform.

[{"selector":"#anim-3affe379-1367-4fe8-a059-c3a35a7422fd [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.812499744007886%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}]

As of 2022, Adobe's net worth is approximately $172 billion.

[{"selector":"#anim-edc4956e-9bbf-47e1-afc0-58312b8e2e3c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(7.624162602242751%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":4000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]