Adobe Systems

Adobe Completes Tender Offer for Omniture

Authored by Mark Hefflinger on October 23, 2009 - 10:23am.
San Jose, Calif. - One month after launching its tender offer for Utah-based Omniture, Adobe Systems (NASD: ADBE), the developer of popular Web publishing software, said on Friday that it has completed the deal, paying about $1.46 billion for an 87% stake in the developer of online business optimization software.

Adobe to Acquire Web Analytics Firm Omniture for $1.8B

Authored by Mark Hefflinger on September 15, 2009 - 11:20am.
San Jose, Calif. - Web publishing software giant Adobe Systems (NASD: ADBE) announced on Tuesday that it has agreed to acquire Omniture (NASD: OMTR), a provider of audience measurement and analytics for businesses, in a deal value at $1.8 billion. Under the terms, Adobe will acquire all of Omniture's outstanding shares for $21.50 each -- a premium of 45% over the company's average closing share price over the 30 trading days.

Adobe Flash Platform Adds Support for Set-top Boxes

Authored by Mark Hefflinger on April 20, 2009 - 11:24am.
San Francisco - Adobe Systems (NASD: ADBE) announced on Monday that the next version of its ubiquitous Flash multimedia application will support display beyond the PC and mobile phone to devices including Internet-connected televisions, set-top boxes, and Blu-ray players. The company said that content providers such as Comcast, Atlantic Records, Disney Interactive, Netflix and The New York Times Company will release content for the new platform. Devices supporting the technology are expected to hit the market later this year.

tags: Video | TV | Flash | Adobe Systems |

Video Site Veoh Lands $30 Million in New Funding

Authored by Mark Hefflinger on June 3, 2008 - 11:11am.

San Diego - Veoh, an Internet TV service, announced on Tuesday that it has raised $30 million in its fourth round of financing, from investors that included Intel Capital, Adobe Systems (NASD: ADBE) and Gordon Crawford, SVP of Capital Research Global Investors.

Adobe Improves Audio Support for Flash

Authored by Mark Hefflinger on May 15, 2008 - 12:33pm.

San Francisco - Adobe Systems (NASD: ADBE) has added better dynamic audio support to its popular Flash application, allowing developers to pass runtime generated sound samples to a computer's sound card, Wired.com reported. The company also said it will address the lingering problem of latency associated with music in Flash in the next major revision of the software.

BBC Taps Adobe to Offer On-Demand Streaming TV Service

Authored by Mark Hefflinger on October 16, 2007 - 2:49pm.

San Jose, Calif. - The BBC said on Tuesday that it has partnered with Adobe Systems to make its free "catch-up" TV service, the BBC iPlayer, available as a streaming service by the end of the year. The on-demand streaming service, available across PC, Mac and Linux platforms to U.K. residents only, will be offered in addition to the TV show download service currently offered by the BBC.

Adobe Releases Flash Lite 3 for Mobile Phones

Authored by Mark Hefflinger on October 1, 2007 - 1:00pm.

San Jose, Calif. - Adobe Systems on Monday announced the release of Flash Lite 3, an application that allows users to view Flash-based videos on mobile phones, and visit websites like YouTube that feature Flash-based videos. Adobe said that handset makers Nokia and NTT DoCoMo plans to introduce phones that support the application. 

Adobe Adds High-Definition Video Support to Flash Player

Authored by Mark Hefflinger on August 21, 2007 - 1:00pm.

San Jose, Calif. - Adobe Systems on Tuesday introduced an update for its Flash Player 9 software -- which is used to deliver video on sites including YouTube and MySpace -- that integrates high-definition video using the H.264 codec and MPEG 4 standard.

Adobe Systems to Acquire Rich Media Delivery Firm Scene7

Authored by Mark Hefflinger on May 3, 2007 - 2:56pm.

San Jose, Calif. - Adobe Systems, the maker of Web publishing software, said on Thursday that it will acquire Novato, Calif.-based Scene7, a developer of rich media delivery services.

Business Social Network Builder IntroNetworks Raises $2.7 Million

Authored by Mark Hefflinger on May 3, 2007 - 10:14am.

Santa Barbara, Calif. - IntroNetworks, a developer of online social networks for businesses, has raised $2.7 million in its first round of funding, led by Adobe Systems.

Adobe Systems Acquires Macromedia in $3.4 Billion Stock Deal

Authored by Mark Hefflinger on April 18, 2005 - 9:12am.
San Jose, Calif. -- In a massive merger that will create new competition for Microsoft, Adobe Systems, a provider of publishing and Web software including Photoshop, Illustrator and Acrobat, announced on Monday that it will acquire Macromedia, developer of the Flash format, in an all-stock deal valued at $3.4 billion. The combined company will be able to offer media firms and other businesses a full suite of applications for creating rich media content for the Web and other platforms. "Customers are calling for integrated software solutions that enable them to create, manage and deliver a wide range of compelling content and applications -- from documents and images to audio and video," said Adobe CEO Bruce Chizen. "By combining our powerful development, authoring and collaboration software -- along with the complementary functionality of PDF and Flash -- Adobe has the opportunity to bring this vision to life with an industry-defining technology platform." The deal is expected to close in the fall of 2005.