Adobe announced it plans to purchase rival digital design suite Figma for $20 billion in cash and stock. The news was disclosed as part of its Q3 earnings report, which saw revenue of $4.43 billion, exceeding analysts’ expectations. Despite the healthy cashflow, Adobe says it may have to finance part of the deal, which will have to clear regulatory hurdles in a very pro-competition environment. Founded in 2011, Figma released its first product in 2015, leveraging the WebGL API to create real-time collaborative tools for web-based design teams “working together beyond company walls.” Figma lists Airbnb, Conde Nast and Github among its users. Continue reading Adobe Will Purchase Digital Design Rival Figma for $20 Billion

The Entertainment Technology Center at USC (ETC), Equinix and Google are coming together to raise awareness of new cloud-based workflow technologies for creative companies. On September 19th at Google’s Venice, CA headquarters, the companies will host an event for industry professionals to learn how cloud-based workflows are changing media and entertainment. The event will feature presentations and an engaging panel discussion to illustrate how facilities large and small can leverage the cloud to decrease workflow latency while increasing security and productivity. Continue reading ETC, Google and Equinix Present Next-Gen Cloud Workflows