Adobe Completes Acquisition of Macromedia
Combined company to deliver software platform that redefines
how people engage with digital information
SAN JOSE, Calif. - Dec. 5, 2005 - Adobe Systems Incorporated
(Nasdaq:ADBE) today announced the completion of its acquisition of
Macromedia, Inc. The transaction was finalized on Saturday, Dec. 3,
2005. As a result of the acquisition, Macromedia common
stock is no longer being traded
and shares of Macromedia common stock were converted into the
right to receive 1.38 shares of Adobe common stock.
The combination of Adobe and Macromedia creates one of the world's
largest, most innovative and diversified software companies. The
acquisition brings together some of the industry's strongest
software brands and most ubiquitous technologies for creating,
managing and delivering compelling content and experiences across
multiple operating systems, devices and media. The move also
accelerates Adobe's strategic initiative to advance a powerful
software platform, based on PDF and Macromedia Flash technologies,
that scales from mobile devices to high-end
servers.
Private Equity Fund Of Funds "The explosion of digital content, combined with the
accelerating proliferation of mobile phones, wireless devices and
the growth of broadband are transforming the way the world engages
with information," said Bruce Chizen, chief executive officer of
Adobe. "Adobe and Macromedia are at the center of this trend, and
together we will build on our combined heritage to redefine the way
people and
businesses communicate."
Graduate of any four year course Preferably an expert in Adobe Photoshop and Adobe Illustrator Proficient in Macromedia Flash (experience in flash lite is an advantage) Mu...
Curve Equity Exposed Fund This week the company will begin executing the planned
integration of the two companies' operations, networks and customer
care organizations to ensure a smooth transition and immediate
value for customers, partners and investors. As part of the initial
integration of product portfolios, Adobe today announced three new
product bundles that combine the
design and publishing power of
Adobe Creative Suite 2 and Adobe video tools with the interactive
strength of just-released Macromedia Flash Professional 8 and
Macromedia Studio 8 software (see separate press release).
Use Adobe tools, clients, frameworks, servers, and services as a complete solution for building RIAs, or use them in combination with other familiar web technologies.
Equity Income Funds Management of the combined company includes executives and board
members from both organizations. Bruce Chizen continues as chief
executive officer and Shantanu Narayen remains as president and
chief operating officer. Macromedia's Stephen Elop has joined Adobe
as president of worldwide field operations. Murray Demo remains
executive vice president and chief financial officer. Dr. John
Warnock and Dr. Charles Geschke remain co-chairmen of the Board of
Directors of the combined company and Macromedia's chairman, Rob
Burgess, has joined the Adobe Board.
Conference Call for Financial Analysts, Press
FF&P Private Equity provides its clients with the opportunity to invest in the equity of high growth, unquoted companies whose objective is to generate attractive returns through the subsequent listing, or trade sale, of these companies. FF&P Private Equity invests typically â5 million to â25 million of equity per transaction and places particular emphasis on backing commercial managers with a track record in successful execution of business plans and enhancing shareholder value. //www.ffandp. equity.
Capital Casebook Equity Additional information regarding acquisition-related expenses
and Adobe's fiscal year 2006 financial targets will be provided
during the company's fourth quarter fiscal 2005 earnings conference
call scheduled for Thursday, Dec. 15, 2005 at 2:00 p.m. Pacific
Time.
About Adobe Systems Incorporated
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Private Investment In Public Adobe revolutionizes how the world engages with ideas and
information - anytime, anywhere and through any medium. For more
information, visit www.adobe.com .
Viridian, the holding company for Northern Ireland's electricity, is in talks over a .62billion bid by Bahraini private equity firm Arcapita Bank.
Equity Mutual Funds Editor's Note: For additional information on transaction
details, post-acquisition organizational structure, leadership and
customer focus, please refer to the following link:
www.adobe.com/macromedia .
Forward Looking Statements
Birmingham Contact Equity This press release includes "forward-looking statements" within
the meaning of the safe harbor provisions of the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements in this press release include expectations about the
anticipated benefits of the Macromedia acquisition, which involve
risks and uncertainties that could cause actual results to differ
materially from results expressed or implied by these statements.
Factors that might cause or contribute to such differences include,
but are not limited to: difficulties encountered in integrating
merged businesses and the ability to successfully combine product
offerings and customer acceptance of combined products. For further
discussion of these and other risks and uncertainties, individuals
should refer to the Company's SEC filings, including the 2004
annual report on Form 10-K and quarterly reports on Form 10-Q filed
in 2005. Adobe undertakes no obligation and does not intend to
update these forward-looking statements to reflect events or
circumstances occurring after this press release. You are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. All
forward-looking statements are
qualified in their entirety by
this cautionary statement.
Private Equity Investment Firm Source: Adobe
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