In a somewhat surprising move, Adobe has announced that they have acquired Macromedia.
SAN JOSE, Calif. ? April 18, 2005 ? Adobe Systems Incorporated (Nasdaq: ADBE) today announced a definitive agreement to acquire Macromedia (Nasdaq: MACR) in an all-stock transaction valued at approximately $3.4 billion.
The combination of Adobe and Macromedia will provide customers a more powerful set of solutions for creating, managing and delivering compelling content and experiences across multiple operating systems, devices and media. Together, the two companies will meet a wider set of customer needs and have a significantly greater opportunity to grow into new markets, particularly in the mobile and enterprise segments.
I have to say – this move is a bit disappointing. Macromedia has been an incredible company when it comes to community interaction, and listening to their customer base. Programs like Team Macromedia have been brilliant moves to open the kimono to their loyal customers.
Adobe has been… well… less than successful working with their customers. Hopfully Adobe doesn’t mess up Macromedia’s amazing progress.