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Ilse Jurriƫn : December 15th 2005 - 15:26 CET

Adobe Software completes acquisition of Macromedia


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AdobeAdobe Software completes acquisition of Macromedia : Adobe Systems Incorporated announced the completion of its acquisition of Macromedia. As a result of the acquisition, Macromedia common stock is no longer being traded and shares of Macromedia common stock were converted into the right to receive 1.38 shares of Adobe common stock. The combination of Adobe Software and Macromedia Software creates one of the world's largest, most innovative and diversified software companies. The acquisition brings together some of the industry's strongest computer software brands and most ubiquitous technologies for creating, managing and delivering compelling content and experiences across multiple operating systems, devices and media.
Adobe Software completes acquisition of MacromediaAdobe Software and Macromedia
The move also accelerates Adobe's strategic initiative to advance a powerful software platform, based on PDF and Macromedia Flash technologies, that scales from mobile devices to high-end servers. "The explosion of digital content, combined with the accelerating proliferation of mobile phones, wireless devices and the growth of broadband are transforming the way the world engages with information," said Bruce Chizen, chief executive officer of Adobe. "Adobe and Macromedia are at the center of this trend, and together we will build on our combined heritage to redefine the way people and businesses communicate."

Adobe Creative Suite 2 - Macromedia Flash Professional
This week the company will begin executing the planned integration of the two companies' operations, networks and customer care organizations to ensure a smooth transition and immediate value for customers, partners and investors. As part of the initial integration of product portfolios, Adobe today announced three new product bundles that combine the design and publishing power of Adobe Creative Suite 2 and Adobe video tools with the interactive strength of just-released Macromedia Flash Professional 8 and Macromedia Studio 8 software.

Executives and board members
Management of the combined company includes executives and board members from both organizations. Bruce Chizen continues as chief executive officer and Shantanu Narayen remains as president and chief operating officer. Macromedia's Stephen Elop has joined Adobe as president of worldwide field operations. Murray Demo remains executive vice president and chief financial officer. Dr. John Warnock and Dr. Charles Geschke remain co-chairmen of the Board of Directors of the combined company and Macromedia's chairman, Rob Burgess, has joined the Adobe Board.





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