Adobe Agrees to Acquire Frame.io in Deal Valued at $1.275 Billion
20 August 2021 - 06:48AM
Dow Jones News
By Stephen Nakrosis
Adobe Inc. on Thursday said it agreed to acquire Frame.io in a
deal valued at $1.275 billion.
Adobe said Frame.io, a cloud-based video collaboration platform,
"streamlines the video production process by enabling video editors
and key project stakeholders to seamlessly collaborate using
cloud-first workflows."
At the close of the deal, which is expected during Adobe's
fiscal fourth quarter, Frame.io co-founder and chief executive
Emery Wells and co-founder John Traver will join Adobe, the company
said.
"The combination of Adobe's industry-leading creative software,
including Premiere Pro and After Effects video editing products,
and Frame.io's review and approval functionality, will deliver a
collaboration platform that powers the video editing process,"
Adobe said.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
August 19, 2021 16:36 ET (20:36 GMT)
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