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.
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