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Adobe to Buy for $1.3 billion in Cash in Video Push

  • Frame.IO adds to Adobe creative cloud unit, home of Photoshop
  • serves broadcasters, media agencies and brands
Adobe Systems Inc. Software Ahead Of Earnings Figures
Photographer: Daniel Acker/Bloomberg

Adobe Inc. is acquiring, a startup which makes video collaboration software, for about $1.3 billion in cash, a senior Adobe executive said in an interview. will bring more capabilities to Adobe’s creative cloud, which houses Adobe Photoshop and Illustrator, said Scott Belsky, Adobe’s chief product officer and executive vice president of Creative Cloud.