On September 15, Adobe announced what is officially the largest acquisition in the company’s history. Figma, the web’s fastest-growing design collaboration tool, is becoming a member of the Adobe family for a whopping $20 billion in cash and stocks. Figma is joining Adobe in its pursuit of creative excellence, expanding accessibility and education opportunities for designers.
According to the terms of the agreement, Figma will retain its operational autonomy. The current CEO and co-founder of Figma, Dylan Field, will remain in his position and report only to David Wadhwani, president of Adobe’s digital media business. The rest of the Figma team will communicate with Field, independent of Adobe’s direct involvement. In addition to staying autonomous, Figma also gets to remain free for educational purposes.
“Figma’s education offering was a critical part of our conversations and Adobe is completely aligned on growing the number of designers/developers/creatives in the world,” Field stated in a blog announcing the new collaboration with Adobe.