Adobe Completes Acquisition of Frame.io
October 07 2021 - 03:05PM
Business Wire
Adobe (Nasdaq:ADBE) today announced the completion of its
acquisition of Frame.io, a leading cloud-based video collaboration
platform. The combination of Adobe’s leading video editing
offerings—including Adobe Photoshop, Adobe Premiere Pro and Adobe
After Effects—with Frame.io’s cloud-based review and approval
functionality will radically accelerate the creative process and
deliver an end-to-end video platform.
The skyrocketing demand for video means video teams must create
an ever-increasing volume of content in close collaboration with
dispersed stakeholders. Today, video review and approval processes
are disjointed across multiple channels, leading to inefficient,
time-intensive workflows. To address these inefficiencies, video
tools need to be cloud-first with collaboration at the center,
enabling every stakeholder to effectively contribute to the
creative process with the appropriate controls, feedback
mechanisms, and security.
With over a million users, Frame.io streamlines the video
production process by enabling editors and key project stakeholders
to seamlessly collaborate using cloud-first workflows. The addition
of Frame.io creates an opportunity for Adobe, in conjunction with
the partner ecosystem, to expand beyond video editors to a broader
set of customers, teams and enterprises.
“With the growing importance of video, we’re proud to add
Frame.io’s industry-leading, cloud-native workflow capabilities to
Creative Cloud,” said Scott Belsky, chief product officer and
executive vice president, Creative Cloud. “We are committed to
enabling collaboration beyond Adobe’s applications to the growing
number of third-party applications across the creative ecosystem,
many of which Frame.io supports.”
Now that the acquisition is complete, Adobe together with
Frame.io will make the creative process more collaborative,
productive and efficient to further unleash creativity for all:
- The acquisition of Frame.io brings Adobe Creative Cloud’s
collaboration services to video and will make it easy for teams to
collaborate across Adobe Premiere Pro, Adobe Photoshop, Adobe
Illustrator and other Adobe Creative Cloud applications.
- All Creative Cloud customers will benefit from seamless
collaboration on video projects with Frame.io workflow
functionality built natively in Adobe Creative Cloud apps like
Adobe Premiere Pro, Adobe After Effects and Adobe Photoshop.
- With the addition of Frame.io, Adobe will continue to
collaborate across all stakeholders of creativity beyond Adobe’s
applications that includes third-party applications in the entire
creative ecosystem.
With the close of the transaction, Frame.io co-founder and CEO
Emery Wells will continue to lead the Frame.io team, reporting to
Scott Belsky as part of the Creative Cloud organization.
Forward-Looking Statements Disclosure
This press release includes forward-looking statements within
the meaning of applicable securities law. All statements, other
than statements of historical fact, are statements that could be
deemed forward-looking statements. Forward-looking statements
relate to future events and future performance and reflect Adobe’s
expectations regarding the ability to enhance Creative Cloud by
adding Frame.io’s cloud-native video collaboration capabilities and
other anticipated benefits of the transaction. Forward-looking
statements involve risks, including general risks associated with
Adobe’s and Frame.io’s businesses, uncertainties and other factors
that may cause actual results to differ materially from those
referred to in the forward-looking statements. Factors that could
cause or contribute to such differences include, but are not
limited to: Adobe’s ability to integrate Frame.io’s technology into
Adobe Creative Cloud and otherwise realize the anticipated benefits
of the transaction; the effectiveness of Frame.io’s technology;
potential benefits of the transaction to Adobe and Frame.io
customers; and any statements of assumptions underlying any of the
foregoing. 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 Frame.io
Frame.io is one of the world’s leading video review and approval
platforms with over 1 million users. Integrated with most major
professional video tools, Frame.io streamlines the creative process
by centralizing assets and feedback in the cloud. This allows
remote creative teams to collaborate securely and in real time from
anywhere in the world.
Conceived and designed in 2015 by video creators Emery Wells and
John Traver, Frame.io is intuitive and simple, yet powerful enough
for creative professionals, technical administrators, and clients
to use with little (or no) training. Frame.io accelerates workflows
and eliminates obstacles to creativity. From script or storyboard
to dailies through delivery, Frame.io has reinvented the modern
video workflow. To learn more please visit http://frame.io. Watch:
What is Frame.io?
About Adobe
Adobe is changing the world through digital experiences. For
more information, visit www.adobe.com.
© 2021 Adobe. All rights reserved. Adobe and the Adobe logo are
either registered trademarks or trademarks of Adobe in the United
States and/or other countries. All other trademarks are the
property of their respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20211007005922/en/
Public relations contact Ladan Herovi Adobe
herovi@adobe.com
Investor relations contact Jonathan Vaas Adobe
ir@adobe.com
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