Adobe today announced that it will acquire Figma for $20 billion in cash and stock. Figma is a popular web-based tool for user interface and user experience design. Figma also has Figma Community which allows designers to publish their work for others to view and adapt. And FigJam allows users to collaborate with sticky notes, emojis and drawing tools.
Through this acquisition, Adobe will have a massive, fast-growing market opportunity and capabilities to drive significant value for customers, shareholders and the industry.
Also, Figma’s web-based, multi-user capabilities will accelerate the delivery of Adobe’s Creative Cloud technologies on the web. And Figma can take advantage of powerful capabilities from Adobe’s imaging, photography, illustration, video, 3D and font technology.
Together, Adobe and Figma will reimagine the future of creativity and productivity, accelerate creativity on the web, advance product design and inspire global communities of creators, designers and developers.
“Figma has built a phenomenal product design platform on the web,” said David Wadhwani, president of Adobe’s Digital Media business. “We look forward to partnering with their incredible team and vibrant community to accelerate our joint mission to reimagine the future of creativity and productivity.”
“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.
Figma is expected to add approximately $200 million in net new ARR this year, surpassing $400 million in total ARR exiting 2022. The transaction is expected to close in 2023. Dylan Field, Figma’s co-founder and CEO, will continue to lead the Figma team, reporting to David Wadhwani, president of Adobe’s Digital Media business.