Then there’s our amazing global community of customers. Adobe said Thursday it plans to acquire Frame.io, a company with cloud-based software that enables multiple people to provide input on videos, for 1.275 billion. I’d like to thank our backers at Accel, Firstmark, SignalFire, Insight, and Itai Tsiddon for believing in us. As of today, Frame.io is now an Adobe company. I’m excited to tell you that the deal is officially closed. The full valuation of the deal is also still subject to customary purchase price adjustments and, until the transaction closes, each company will continue to operate independently. A few weeks ago we announced our intent to join forces with Adobe. 20.6K subscribers Subscribe Like Share 9.8K views 1 year ago June 2021: Introducing Frame.io v3.7.1 with re-designed Adobe Premiere Pro and After Effects extensions. Currently, there is a limited version of the service available for free, and also an enterprise tier starting at $15 per month, but both could change after the deal closes during the fourth quarter of Adobe’s 2021 fiscal year. However, there are no details as yet as to what a Frame.io subscription will look like via Adobe. “We’re excited to join Adobe to continue to drive video innovation for the world’s leading media and entertainment companies, agencies, and brands.”Īs part of the deal, Wells and co-founder John Traver will join Adobe, with the former remaining in charge of the Frame.io team, but reporting to Creative Cloud CPO Scott Belsky. “Frame.io and Adobe share a vision for the future of video creation and collaboration that brings together Adobe’s strength in video creation and production and Frame.io’s cloud-native platform,” said Emery Wells, Frame.io CEO.
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