Adobe today announced fourth quarter and full year earnings surfaced together is it $ 800 million in cash to acquire Gallery site plan Fotolia, Fotolia since its creation in 2005, has been in 15 countries in 11 languages Operations and provides more than 34 million digital images and videos.
The acquisition is of great significance for Adobe because Adobe is the countless services at photographers and designers. Gallery website will be able to buy an Adobe deepen existing ties with its users.
Also, this is Adobe Autodesk competitors recent series of actions reactions, which recently acquired the site design Creative Market. Adobe interest in multimedia material is no secret; this line of “Creative Cloud Market” on earlier Adobe, this is a built-in Creative Cloud desktop applications supported by the design community Behance (has been acquired by Adobe to 150 million US dollars) in services.
The acquisition Fotolia, Adobe said that the former would “continue as a standalone library website to provide services,” but “it will be integrated into subsequent Creative Cloud, which offers 34 million images and video access to Creative Cloud members and purchase service. ”
Adobe said the acquisition will be completed in the next quarter, also announced Creative Cloud subscribers steadily growing news, as well as fourth quarter earnings: revenue for the quarter $ 1.073 billion, an increase of 3%; net profit of $ 73.3 million last year $ 65.3 million for the same period, an increase of 12%; net income per share of $ 0.14 per diluted, compared to net income of $ 0.13 per share.