adobe systems inc (ADBE) Key Developments
Adobe Systems Incorporated Introduces New Self-Service Learning Management System
Aug 28 15
Adobe Systems Incorporated has introduced the Adobe Captivate Prime, a new self-service learning management system, or LMS, that enables learning professionals to setup, deliver and track any form of learning. This new cloud-based offering which complements Adobe's range of eLearning tools, including Adobe Captivate 9 enables specialists in learning and development, training and corporate human resources departments to take charge of the learning environments they manage and boost impact by developing skill-based learning programs.
Adobe Systems Appoints José Roberto (Beto) Santos as its New Director for SMEs and end-consumers for Latin America
Aug 4 15
Adobe Systems has appointed José Roberto (Beto) Santos as its new director for SMEs and end-consumers for Latin America. The executive has 20 years' experience in sales and marketing and has worked in the areas of distribution, channel partners, e-commerce and anti-piracy projects in companies including Symantec, SanDisk, Apple Brasil, Epson and Macromedia. Adobe Systems Latin America veteran Marta Clark recently moved to Wacom.
Adobe Systems Incorporated Enters into Amendment Agreement to Existing $1 Billion Senior Unsecured Revolving Credit Agreement
Jul 30 15
On July 27, 2015, Adobe Systems Incorporated entered into an amendment to its existing $1 billion senior unsecured revolving credit agreement, among the company, Bank of America, N.A. as Administrative Agent and Swing Line Lender and the other lenders party thereto. The Amendment amends the Credit Agreement to extend its maturity date to July 27, 2020, reallocate the facility among the syndicate of lenders that are parties to the Credit Agreement and make certain other immaterial changes. As previously disclosed, the Credit Agreement provides for loans to the company and certain of its subsidiaries. Pursuant to the terms of the Credit Agreement, the company may, subject to the agreement of the applicable lenders, request up to an additional $500 million in commitments, for a maximum aggregate commitment of $1.5 billion. Loans under the Credit Agreement will bear interest at either LIBOR plus a margin, based on the company's debt ratings, ranging from 0.795% and 1.30% or the base rate, which is defined as the highest of the agent's prime rate, the federal funds effective rate plus 0.50% or LIBOR plus 1.00% plus a margin, based on the company's debt ratings, ranging from 0.00% to 0.30%. Commitment fees are payable quarterly at rates between 0.08% and 0.20% per year also based on the company's public debt ratings. Subject to certain conditions stated in the Credit Agreement, the Company and any of its subsidiaries designated as additional borrowers may borrow, prepay and re-borrow amounts under the revolving credit facility at any time during the term of the Credit Agreement. The Credit Agreement contains customary representations, warranties, affirmative and negative covenants, including a financial covenant, events of default and indemnification provisions in favor of the lenders. The negative covenants include restrictions regarding the incurrence of liens and indebtedness, certain merger and acquisition transactions, dispositions and other matters, all subject to certain exceptions. The financial covenant, based on a quarterly financial test, requires the company not to exceed a maximum leverage ratio. The credit facility will terminate and all amounts owing thereunder will be due and payable on July 27, 2020 unless the commitments are terminated earlier upon the occurrence of certain events, including an event of default, or the maturity date is further extended upon the company's request, subject to the agreement of the lenders.
Adobe Announces General Availability of Adobe Digital Publishing Solution
Jul 29 15
Adobe announced the general availability of Adobe Digital Publishing Solution (DPS), the next generation of its Digital Publishing Suite, pioneering new ways for brands to deliver high-impact content to mobile apps. Using DPS, corporations, universities and media companies can easily repurpose existing content, empowering marketers and designers to create immersive apps, without writing code. These apps can be targeted at internal audiences or made available, through popular app stores, for the general public. New features created for Marketers and Designers: Continuous Publishing - with capabilities to push fresh content live, readers now have more reasons to return frequently to DPS apps for fresh content and updates. DPS, as part of AEM Apps, offers brands seamless control over content. The solution integrates with other content management systems, such as Drupal and Wordpress, and HTML design tools from Adobe and others, all while still supporting InDesign CC based workflows; Engaging Experiences - Apps created with Adobe DPS deliver high-impact content to audiences in a uniquely intuitive way. With the new collections feature, content is now grouped together and delivered to smartphones and tablets on iOS, Android and Windows. DPS also offers all of the app services needed to acquire and retain audiences, including push notifications; in-app messaging; intuitive search and content discovery; and social network integration; Measuring and Delivering ROI - access built-in analytics, powered by Adobe Analytics Essentials for Publications, part of Adobe Marketing Cloud, which capture online and offline data and deliver retention analysis, acquisition tracking, funnel conversion and more. Adobe DPS also supports a variety of payment options for apps, such as single purchases, subscriptions and all-access models for publishers and enterprises who want to monetize content; Built for Business - Adobe DPS now provides a new accounts control system that has been elevated to the enterprise level, enabling organizers to assign permissions to each person involved in the app creation process, including both employees and outside agencies. With custom app development spending on the decline, creative agencies are also adopting Adobe DPS and making it the new standard. Adobe Digital Publishing Solution is available now and can be purchased standalone, as an add-on component for Creative Cloud enterprise or as part of Adobe Experience Manager Apps. Pricing is available upon request. Existing Adobe Digital Publishing Suite customers will get access to Adobe Digital Publishing Solution as part of their current license agreements.
Adobe Hires Scott Braut as Head of Content
Jul 23 15
Adobe announced Scott Braut as head of content to drive overall content strategy and operations for its Creative Cloud business. Braut is a well-known leader in the content space. Most recently, he served as vice president of content for Shutterstock. He has over 20 years of combined experience in content licensing, product development, e-commerce and digital media. Braut will lead how Adobe acquires content through various partnerships and business development. He is responsible for growing Adobe’s collection of photos, illustrations, video and other creative assets, while supporting the artists who create that content.