List Of Mergers And Acquisitions By Adobe Systems
Adobe Systems is an American computer software company headquartered in San Jose, California. In 1982, John Warnock and Charles Geschke left Xerox PARC and established Adobe Systems to develop and sell the PostScript page description language. Apple Computer licensed PostScript in 1985 for use in its LaserWriter printers, which helped spark the desktop publishing revolution. The company has acquired 25 companies, purchased stakes in 5 companies, and divested 6 companies, most of which were software companies. Of the companies that Adobe Systems has acquired, 18 were based in the United States. Adobe Systems has not released the financial details for most of these mergers and acquisitions.
Adobe Systems' first acquisition was Emerald City Software in March 1990. In August 1994, the company acquired Aldus, a Seattle-based software company credited with creating the desktop publishing industry with its PageMaker software. The company's products were integrated into Adobe Systems' product line later in the year, and re-branded as Adobe PageMaker and Adobe After Effects; Aldus also owned the TIFF file format, transferring ownership to Adobe. In October 1995, Adobe acquired the desktop publishing software company Frame Technology for US$566 million, and re-branded its FrameMaker software to Adobe FrameMaker. Adobe acquired GoLive Systems in January 1999 and obtained its CyberStudio HTML editor software, releasing it as Adobe GoLive. In May 2003, Adobe acquired Syntrillium Software and its digital audio editor software Cool Edit Pro, and merged it into its product line, re-releasing it as Adobe Audition.
In the 1990s, Adobe purchased a minority stake in four companies, and it purchased a stake in one company in the 2000s. Adobe has also divested six companies, in which parts of the company are sold to another company. All of its divestments were made in the 1990s, with its most recent divestment made in August 1999 when it sold Macromedia Pathware to Lotus Software. Adobe Systems' largest acquisition was San Francisco-based Macromedia in December 2005 for $3.57 billion.
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