Evan wallace - Latest News Update, Information, Photos & Videos on Evan wallace at Lokmat Times

San Francisco, Sep 15 Software major Adobe on Thursday announced it would acquire design software company Figma for about $20 billion in a cash and stock deal.Founded by Dylan Field and Evan Wallace in 2012, Figma pioneered product design on the web.AThe combination of Adobe and Figma will usher in a new era of collaborative creativity."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, Chairman and CEO, Adobe."The combination of Adobe and Figma is transformational and will accelerate our vision for collaborative creativity," he added.Figma has a total addressable market of $16.5 billion by 2025.The company is expected to add approximately $200 million in net new ARR this year, surpassing $400 million in total ARR exiting 2022."With Adobe's amazing innovation and expertise, especially in 3D, video, vector, imaging and fonts, we can further reimagine end-to-end product design in the browser, while building new tools and spaces to empower customers to design products faster and more easily," said Dylan Field, co-founder and CEO, Figma.Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Narendra Modi

Lok Sabha Election 2024

Heatwave In India

Mumbai Water Cut

Maharashtra Lok Sabha Election

IPL 2024

Evan WallaceFOLLOW

Evan wallace, Latest News

Technology :Adobe's $20 bn Figma acquisition under lens in EU: Report

London, June 20 Software major Adode's $20 billion acquisition of cloud-based designer platform Figma is reportedly under scrutiny ... ...

Technology :Adobe acquires design software firm Figma for $20 bn

San Francisco, Sep 15 Software major Adobe on Thursday announced it would acquire design software company Figma for ... ...