Adobe is nearly closing a deal to acquire US-based startup Figma, which makes online design collaboration tools. According to reports, the deal could be closed for around $20 billion as Adobe looks to expand its portfolio of collaboration-focused platforms ready for the hybrid-work era. The leading software firm is focusing on venturing into the collaboration tools space. Figma has also revealed that Adobe will continue to operate Figma autonomously. Dylan Field, the current CEO of Figma, will continue to serve in the same position.
In one of the latest acquisition deals, Adobe almost ending Plans to acquire Figma, a startup that makes online design collaboration tools. According to a recent report by Reuters, Figma could be acquired For about $20 billion. As mentioned earlier, the acquisition is in line with Adobe’s efforts to expand its portfolio of collaboration-focused platforms geared for the hybrid-work era.
Adobe has some of the industry’s best-known graphics and photo-editing applications, such as Photoshop and After Effects. The US company has recently been venturing into the collaboration equipment field rapidly.
Figma’s online collaborative platform for design and brainstorming is currently used by firms – from Zoom Video Communications to Airbnb and Coinbase.
Figma’s current CEO Dylan Field said in a blog post that he would continue To serve in the same post.
