Adobe Systems acquires Macromedia for $3.4 billion in stock; acquisition is aimed at bolstering Adobe's presence in market for design tools for.
Adobe Systems Inc. has reached a definitive agreement to acquire Macromedia Inc. for billion in stock, the company said Monday.
Macromedia was an American graphics, multimedia and web development software company headquartered in San Francisco, California that produced such products as Flash and Dreamweaver. Its rival, Adobe Systems, acquired Macromedia on December 3, Defunct : December 3, 11 years ago. Ability to pass multiple data types not just strings. Features that developers should be aware of include: This feature provides expressive graphic effects at runtime without significantly increasing the SWF file size. You are already subscribed to this email. Adobe would later bet on going directly to brands via its Marketing Cloud, which it sells to enterprises. The first step will be both vendors supporting each other's formats, and Adobe will likely start integrating Flash into its products, Brazier said, abode macromedia.