Adobe Completes Acquisition of Fotolia
January 28 2015 - 9:01AM
Business Wire
Vibrant Image and Video Marketplace to Be Integrated as Key
Part of Adobe Creative Cloud
Adobe (Nasdaq:ADBE) has completed its acquisition of privately
held Fotolia, a leading marketplace for stock content. Adobe
announced its intent to purchase Fotolia in December 2014 and the
acquisition cements Creative Cloud’s role as a vibrant market for
creatives to buy and sell assets and services as well as showcase
their talent to a worldwide audience. Work will now begin on
integrating Fotolia into Adobe Creative Cloud. This will provide
current and future Creative Cloud members with the ability to
access and purchase over 35 million images and videos,
significantly simplifying and accelerating the design process.
Adobe also plans to continue to operate Fotolia as a standalone
stock service, accessible to anyone.
Founded in 2004, with offices in New York, Paris and Berlin,
Fotolia currently operates in 23 countries and has websites in 14
languages.
“We’re now hard at work to radically simplify the buying and
selling of stock content,” said David Wadhwani, senior vice
president, Digital Media, Adobe. “Fotolia is helping Creative Cloud
become the marketplace for creatives to buy and sell high-impact
assets, find talent and promote their work in front of an
influential global community.”
With more than 3.4 million members, Adobe Creative Cloud
features the world’s leading desktop tools, an array of
complementary mobile apps, training content, creative assets and
services and ready access to a dynamic community. Creative Cloud is
transforming how creatives find inspiration and deliver their best
work — and the value of Creative Cloud is increasing all the time
through product updates and new capabilities.
Forward-Looking Statements Disclosure
This press release includes forward-looking statements, within
the meaning of the Private Securities Litigation Reform Act of
1995, that are subject to risks, uncertainties and other factors,
including risks and uncertainties related to Adobe’s ability to
successfully integrate Fotolia’s stock content service into
Creative Cloud. All statements other than statements of historical
fact are statements that could be deemed forward-looking
statements, including statements regarding: the ease of use of any
future Adobe stock content service, the functionality of the
service’s commerce system, plans for integrating the service into
Creative Cloud and other anticipated benefits of the transaction to
Adobe; any statements of expectation or belief; and any statements
of assumptions underlying any of the foregoing. These risks,
uncertainties and other factors, and the general risks associated
with Adobe’s business, could cause actual results to differ
materially from those referred to in the forward-looking
statements. The reader is cautioned not to rely on these
forward-looking statements. All forward-looking statements are
based on information currently available to Adobe and are qualified
in their entirety by this cautionary statement. For a discussion of
these and other risks and uncertainties, individuals should refer
to Adobe's SEC filings. Adobe does not assume any obligation to
update any such forward-looking statements or other statements
included in this press release.
About Adobe Systems Incorporated
Adobe is changing the world through digital experiences. For
more information, visit www.adobe.com
© 2015 Adobe Systems Incorporated. All rights reserved. Adobe,
the Adobe logo and Adobe Creative Cloud and are either registered
trademarks or trademarks of Adobe Systems Incorporated in the
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Press ContactAdobe Systems IncorporatedRussell Brady,
408-536-6048rbrady@adobe.comorInvestor Relations
ContactAdobe Systems IncorporatedMike Saviage,
408-536-4416ir@adobe.com
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