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)

Copyright (c) 2021 Dow Jones & Company, Inc.
Adobe (NASDAQ:ADBE)
Historical Stock Chart
From Nov 2021 to Dec 2021 Click Here for more Adobe Charts.
Adobe (NASDAQ:ADBE)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more Adobe Charts.