Adobe is closing in on a deal to acquire Figma, a US-based startup that makes online design collaboration tools. According to reports, the deal could close for around $20 billion as Adobe looks to expand its portfolio of collaboration-focused platforms geared for the hybrid-work era. The premier software firm is increasingly focused on entering the collaboration tools space. Figma also revealed that Adobe will continue to operate Figma autonomously. Figma’s current CEO, Dylan Field, will continue in the same role.
In one of the latest acquisition deals, Adobe is around off Plans to buy Figma, a startup that makes online design collaboration tools. According to a recent report by Reuters, Figma may be Acquired For about $20 billion. As previously mentioned, the acquisition is in line with Adobe’s efforts to expand its portfolio of collaboration-focused platforms designed for the hybrid-work era.
Adobe is home to some of the industry’s most popular graphics and photo-editing applications, such as Photoshop and After Effects. The US company has been pushing more and more into the collaboration tools space lately.
Figma’s online collaboration platform for designs and brainstorming is currently used by companies — from Zoom Video Communications to AirBnB and Coinbase.
Current Figma CEO Dylan Field said in a blog post that he would continue To serve at the same location.
