Adobe, a leading global software development company, announced it has entered into a definitive agreement to acquire Fotolia, a privately-held marketplace for royalty-free photos, images, graphics and HD video. This acquisition supports the company’s plans to cement Creative Cloud’s role as a vibrant marketplace for creative professionals to buy and sell digital assets, as well as showcase their talent to a global audience.
Fotolia will continue to operate independently until the transaction is complete (approximately $800 million in cash). Then, the stock service will be integrated into Creative Cloud, providing current and future members of the Cloud with the ability to access and purchase more than 34 million images and videos, significantly simplifying the creative process.
Adobe has also released its fourth-quarter financial highlights, revealing that Adobe Creative Cloud has now over 3.45 M paid members.
Finally, Adobe released brand new collaboration and management options in Creative Cloud Libraries. The new features will make your favorite images, text styles, colors and more available to you and your collaborators anywhere and anytime. For more details on that feature, watch this demo video from Adobe’s Paul Trani demonstrating how assets can be shared: