The funding came from new investors Whale Rock Capital Management, TI Platform Management and Alpha Square Group. The company also announced the appointment of Sydney Carey as chief financial officer. Talkdesk Valued at $10B After $230M Funding RoundĬustomer experience software provider Talkdesk announced the closing of its Series D $230 million funding that now values the company at more than $10 billion. In other customer experience and digital marketing software news. The deal is expected to close during the fourth quarter of Adobe’s 2021 fiscal year. Frame.io's inclusion into the creative suite will allow teams to collaborate across Adobe Premiere Pro, Adobe Photoshop, Adobe Illustrator and other Adobe Creative Cloud applications.įrame.io co-founder and CEO Emery Wells and co-founder John Traver will join Adobe. Adobe recently introduced enhancements to Adobe Creative Cloud Libraries, Cloud Documents, Design Systems in Adobe XD, Adobe Stock and Adobe Fonts. "Collaboration is the next wave of creativity: Digital collaboration is now the foundation of all creative endeavors," Adobe officials wrote in the press release announcing the Frame.io deal.Īdobe’s acquisition of Frame.io brings Adobe Creative Cloud’s collaboration services to video. Adobe acquired Workfront last December for $1.5 billion, bringing the collaboration tool into its marketing software suite. This is the second acquisition by Adobe in the last year that supports the collaborative nature of creative work. The acquisition will integrate Frame.io’s review and approval functionality into Adobe’s creative software offerings, including Premiere Pro and After Effects video editing products. With Frame.io, video editors collaborate using cloud-first workflows. The acquisition price tag is $1.275 billion. Adobe announced this week it has entered into a definitive agreement to acquire Frame.io, a cloud-based video collaboration platform.
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