Adobe to acquire Workfront for $1.5B

Monday, 09. November 2020 22:30

Executive Vice President and General Manager of American multinational computer software company Adobe Inc., Anil Chakravarthy announced on Monday the company has entered into a definitive agreement to acquire Workfront, the leading work management platform for marketers for $1.5 billion.

According to him, "the combination of Experience Cloud and Workfront will bring efficiency, collaboration, and productivity gains to marketing teams everywhere. Workfront’s platform is agile and uniquely architected for the enterprise, with extensive integration capabilities that can be easily configured to meet the varied needs of companies of all sizes."

Chakravarthy added that the acquisition is expected to close during the first quarter of Adobe’s 2021 fiscal year.

Related Links: Adobe Inc.
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Breaking the News / TF