Adobe snaps up Figma in proposed $20B deal

“Today, Adobe (Nasdaq:ADBE) announced it has entered into a definitive merger agreement to acquire Figma, a leading web-first collaborative design platform, for approximately $20 billion in cash and stock. The combination of Adobe and Figma will usher in a new era of collaborative creativity.”

Adobe, creators of the software that almost all designers use every day has just announced they will be acquiring Figma, a popular design tool used by designers, product teams, and engineers of Big Tech firms like Google, Oracle, and Salesforce.

The key to Figma’s success is its web-based collaboration tools, meaning a bunch of different editors and their quickly moving cursors can all work on a project simultaneously—a department in which Adobe has lagged. Figma’s own website still has a page that tells potential users, “Don’t sync to the cloud with Adobe XD. Work in the cloud with Figma.”—MM

This is really big news for the design community, but it hasn’t come without its critics. The core idea of Figma was to give designers a “fun & free” way to design, which is something a lot of designers believe Adobe has strayed away from over the years, with their expensive subscription plans & over complicated software interfaces.

It will however, give Figma users access to Adobe’s cloud storage features and cross software design libraries. This will undoubtedly speed up some designers workflow.

The Builtflat team are very big fans of the Adobe software suite and use it on a daily basis, so this news is very exciting for us. We currently use Adobe’s UI design software Adobe xd. However, With Adobe’s new partnership with Figma, we may see a shift in the design software we use here.

Read more about Adobe’s deal here: