Cloud-based video collaboration platform: Adobe to buy Frame.io

0
76
Cloud-based video collaboration platform: Adobe to buy Frame.io
Cloud-based video collaboration platform: Adobe to buy Frame.io

Adobe said, across media and entertainment companies, agencies, and global brands, the cloud-based video collaboration platform have more than a million users

Adobe Inc. said on Thursday it would buy the cloud-based video collaboration platform, Frame.io in a $1.27 billion deal.

By enabling video editors and key project stakeholders to collaborate using cloud-first workflows, Frame.io streamlines the video production process.

Adobe said, across media and entertainment companies, agencies, and global brands, the cloud-based video collaboration platform have more than a million users.

“Acquisition brings together Adobe creative cloud’s leading video capabilities with Frame.io’s cloud-first workflow functionality to create end-to-end video collaboration platform”, the company said.

The deal is expected to close in the fourth quarter. After the deal close, Emery Wells, co-founder and Chief Executive and John Traver, co-founder of Fram.io both will join Adobe.

Also readCIO News interviews Shri Wangki Lowang, Minister (IT) of Arunachal Pradesh

Do FollowCIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter

About us:

CIO News, a proprietary of Mercadeo, produces award-winning content and resources for IT leaders across any industry through print articles and recorded video interviews on topics in the technology sector such as Digital Transformation, Artificial Intelligence (AI), Machine Learning (ML), Cloud, Robotics, Cyber-security, Data, Analytics, SOC, SASE, among other technology topics.

CIO News also covers the professional journeys of CIOs across all industries through print articles.