Adobe Completes Acquisition of Fotolia
Vibrant Image and Video Marketplace to Be Integrated as Key Part of Adobe Creative Cloud
Public Company Information:
SAN JOSE, Calif.--(BUSINESS WIRE)--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.
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