Adobe Acquires Behance

Adobe Systems Inc. (Nasdaq:ADBE) has acquired online social media platform Behance.

The amount of the transaction was not disclosed.

The acquisition of Behance, which enables creatives to showcase and share their work and has over 1 million members, is designed to add community features to Creative Cloud, the Adobe platform launched earlier this year to allow members to access creative tools and services and create, publish and share their work across devices, the desktop and the Web.

Scott Belsky, CEO of Behance, will now join Adobe as vice president, Behance, to lead Adobe’s creative community efforts. He will report to David Wadhwani, SVP and GM of the Digital Media business.



Useful Links:
Read here the Behance Blog
Read here the acquisition Press release
Read here the acquisition FAQs

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