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☆ Hot startups like Miro and Canva are racing to dominate virtual whiteboards, an emerging category of workplace tools that sparked Adobe's $20 billion bid for Figma
  + stars: | 2022-11-04 | by ( Paayal Zaveri | ) www.businessinsider.com   time to read: +7 min
Virtual whiteboards are becoming essential workplace tools, as evidenced by Adobe's bid for Figma. The $20 billion price tag only further signaled the boom around virtual whiteboards, which allow users to collaborate visually and are quickly becoming essential tools alongside videoconferencing and workplace messaging. Besides Figma, Miro has gained momentum over the past two years, growing to 40 million users from 5 million users. But industry insiders think virtual whiteboards will become just one piece of a visual-collaboration arena. As a result, companies like Miro, Canva, and Lucid are on similar paths toward becoming larger visual-communications platforms.
☆ U.S. DOJ preparing to probe Adobe's $20 bln Figma deal - Politico
  + stars: | 2022-11-02 | by ( Shadia Nasralla | Svea Herbst-Bayliss | ) www.reuters.com   time to read: +1 min
Nov 2 (Reuters) - The U.S. Department of Justice is preparing to open an investigation into Adobe Inc's (ADBE.O) $20 billion takeover of Figma, Politico reported on Wednesday, citing four people with knowledge of the matter and a document it viewed. The DOJ has been reaching out to customers and competitors of Adobe and Figma, as well as Figma's venture capital investors, in recent weeks, according to the report. "Adobe and Figma today are not meaningful competitors," Adobe said in an emailed statement. Figma and the DOJ did not immediately respond to Reuters' requests for comment. The exact timing of the probe is unclear, Politico said, adding that the companies are still in the review period mandated by law.
☆ After leading $20 billion Figma deal, Adobe's David Wadhwani is in prime spot to be next CEO
  + stars: | 2022-10-31 | by ( Jordan Novet | ) www.cnbc.com   time to read: +15 min
The business Wadhwani oversees is roughly three times the size as Chakravarthy's in terms of revenue. For Wadhwani, Figma represents a risky bet on growth at a time when Wall Street is telling tech companies to tighten their belts and preserve cash. The make-or-break betIn his 15-year tenure as CEO, Narayen hasn't been shy about dealmaking, just at a smaller size. And it might be Wadhwani's make-or-break opportunity to prove he should be CEO of the fourth-biggest U.S. business software company by market cap. Shantanu Narayen, CEO, Adobe Mark Neuling | CNBCThe revenue became more predictable and less closely associated with product releases.
☆ 14 cloud companies that could be acquired, as PE giants Thoma Bravo and Sunstone prepare to buy UserTesting for $1.3 billion
  + stars: | 2022-10-27 | by ( Stephanie Palazzolo | Paayal Zaveri | ) www.businessinsider.com   time to read: +4 min
Adobe's $20 billion bid for Figma reopened conversations about what's ahead for software startups. More recently, UserTesting is set to be acquired by PE firms Thoma Bravo and Sunstone for $1.3 billion. These are 14 private and public software companies that analysts think could be acquisition targets. On October 27, 2022 private equity giants Thoma Bravo and Sunstone partners announced they intend to acquire UserTesting for $1.3 billion. Here are 15 private and public software companies that analysts and experts think are likely acquisition targets.
☆ Adobe CEO Shantanu Narayen: We're looking to build this company for the long run
  + stars: | 2022-10-18 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAdobe CEO Shantanu Narayen: We're looking to build this company for the long runAdobe CEO Shantanu Narayen joins 'TechCheck' for an exclusive CNBC interview to discuss long-term investment opportunities in the current macroeconomic environment, Adobe's Figma acquisition and the company's mission to accelerate collaboration technology.
☆ Adobe stock jumps on estimates for next year as strong dollar cuts into growth
  + stars: | 2022-10-18 | by ( Jordan Novet | ) www.cnbc.com   time to read: +2 min
Shantanu Narayen, chairman and chief executive officer of Adobe Systems Inc., during a telecast of the SoftBank World event in Tokyo arranged in Kawasaki, Kanagawa Prefecture, Japan, on Thursday, Oct. 29, 2020. SoftBank World, the company's annual two-day event for customers and suppliers, ends Friday. The forecast excludes impact from its planned $20 billion acquisition of design software startup Figma, which is expected to close in 2023. Analysts polled by Refinitiv had expected adjusted earnings of $15.53 per share on $19.82 billion in revenue. WATCH: The design space overall has a lot of room to run, says Bessemer Venture Partners' Elliott Robinson
☆ New Adobe software tools aim to aid 3D content creation for metaverse
  + stars: | 2022-10-18 | by ( Stephen Nellis | ) www.reuters.com   time to read: +2 min
Oct 18 (Reuters) - Adobe Inc (ADBE.O) on Tuesday released a set of new software tools designed to make it easier to create three-dimensional digital objects for marketing campaigns, video games and the metaverse. But in recent years Adobe has also invested in creating three-dimensional content, a field dominated by video-game centric firms like Unity Software Inc (U.N). Such content is expected to factor prominently in the metaverse, the virtual world that Meta Platforms Inc (META.O) and others are counting on for future revenue growth. "It's only with augmented reality and with 3D that you can do that," Cottin said. The second Adobe tool released Tuesday allows artists to switch between editing a three-dimensional object on a desktop computer to manipulating it with their hands in a virtual reality headset.
☆ These 16 cloud-software companies could be acquired by tech giants or private equity as the economy sours, according to RBC analysts
  + stars: | 2022-10-18 | by ( Paayal Zaveri | ) www.businessinsider.com   time to read: +3 min
Here are the 16 software firms RBC analysts say are M&A targets for tech giants and private equity. More software M&A is in the forecast as valuations and stock prices continue to drop — and private companies aren't the only ones likely to get gobbled up. Additionally, private-equity firms will likely continue snapping up public cloud-software companies and taking them private while prices are low, according to analysts. "In other words, we believe larger scale debt-financed private-equity takeouts could be unlikely in the near-term," RBC analysts wrote. Here are the 16 software firms that are M&A targets, according to RBC analysts:
☆ More Companies Pause Deal-Making Amid Market Volatility, High Inflation
  + stars: | 2022-10-10 | by ( Kristin Broughton | ) www.wsj.com   time to read: +7 min
Many companies are taking a pause on acquisitions as a cocktail of worrying economic factors, including high inflation, rising interest rates and market volatility, is sapping the confidence of buyers and sellers. Deal-making activity is expected to remain tepid overall during the fourth quarter compared with 2021, barring an improved economic outlook and lower inflation readings, M&A advisers said. For instance, spinoffs or divestitures could become more popular deal structures as companies review their business models, Refinitiv’s Mr. Toole said. Even a number of early M&A discussions, including about possible financing options, are drying up, M&A advisers said. During the latest quarter, Adobe acquired 5.1 million shares at a cost of $1.8 billion, it said.
☆ 9 top cloud VCs share the trends they're following and how founders can pitch them right now
  + stars: | 2022-09-29 | by ( Paayal Zaveri | ) www.businessinsider.com   time to read: +2 min
After a boom over the last two years, the venture capital market for cloud startups has slowed. Insider spoke to nine cloud VCs across a variety of firms about how to pitch them right now. So, venture capitalists are considering investments at a slower, more measured pace, several VCs told Insider. Insider spoke to nine venture capitalists across different firms who focus on cloud infrastructure, software, and enterprise technology. Here's what 9 top VCs look for in a founding team, what trends they're following right now, and how to pitch them:
☆ Designers say Figma gave them 'superpowers.' With Adobe's $20 billion takeover, some think the beloved startup is as good as dead.
  + stars: | 2022-09-27 | by ( Paayal Zaveri | Jessica Xing | ) www.businessinsider.com   time to read: +9 min
When Adobe announced its $20 billion bid for Figma, the design community was immediately concerned. When Adobe announced it was acquiring the design startup Figma for $20 billion, designers were quick to express their discontent over the blockbuster deal. So when Adobe announced its intention to buy Figma, much of the design community was immediately concerned. Designers worry Figma will become less accessibleWhile Field's committment to keeping prices the same for now may reassure some, others are skeptical. And some designers Insider spoke to say the acquisition could even benefit companies that have been paying a hefty bill for both.
☆ Everything you'll need to know about Amazon's second Prime Day
  + stars: | 2022-09-27 | by ( Jordan Parker Erb | ) www.businessinsider.com   time to read: +5 min
That's right: Amazon has confirmed it's hosting another Prime Day-esque event, slated to take place next month. It's official: Amazon is hosting a second "Prime Day" sales event. Here's what we know so far:The "Prime Early Access Sale," will be held on October 11 and 12. As with Prime Day, the Prime Early Access Sale is exclusively available to Amazon Prime subscribers. But as long as you sign up before the event ends on October 12, you'll be able to partake.
☆ Adobe's product chief opens up about why its Figma competitor failed: 'XD was made in the image of the old'
  + stars: | 2022-09-24 | by ( Paayal Zaveri | ) www.businessinsider.com   time to read: +5 min
Before acquiring Figma, Adobe had a similar product, Adobe XD, that failed to take off. That's one of the main reasons Adobe wants to join forces with Figma, Scott Belsky, Adobe's chief product officer, told Insider. He acknowledges that Adobe's rival tool for product design, called Adobe XD, wasn't successful. Why Adobe XD never took offAdobe created Adobe XD in 2016 because it saw a lot of people using Photoshop for website building. As a desktop product, XD used local files and wasn't collaborative.
☆ The 15 cloud-software companies most likely to be acquired after Adobe's $20 billion Figma deal, according to research analysts and Wall Street experts
  + stars: | 2022-09-23 | by ( Stephanie Palazzolo | Paayal Zaveri | ) www.businessinsider.com   time to read: +4 min
Adobe's $20 billion bid for Figma reopens conversations about what's ahead for software startups. These are 15 private and public software companies that analysts think could be acquisition targets. The Wall Street deal expert spoke on condition of anonymity because of the sensitivity of the business dealings. Other options to build out these platforms internally are limited due to their high cost and the tough funding market, the Wall Street deal expert told Insider. Here are 15 private and public software companies that analysts and experts think are likely acquisition targets.
☆ Analysis: Some U.S. firms wait to issue bonds in a bet rates will come down
  + stars: | 2022-09-23 | by ( Shankar Ramakrishnan Matt Tracy | Shankar Ramakrishnan | Matt Tracy | ) www.reuters.com   time to read: +5 min
While loans can be cheaper than issuing bonds, shorter-term debt is currently more expensive than longer tenors. Typically companies take a bridge loan to fund mergers but then pay it down with a long-dated bond issue before closing. The tech giant also doubled the size of its commercial paper program to $6 billion and said that it could expand the size of the term loan to $6 billion. "If a term loan is necessary due to timing of the deal closing, we expect to pay it back quickly," the company said. In the market for junk bonds, for example, some companies are paying higher rates to raise funds.
☆ For Some Figma Fans, Adobe Deal Triggers Fears Over Innovation, Pricing
  + stars: | 2022-09-22 | by ( Isabelle Bousquette | ) www.wsj.com   time to read: +5 min
In many instances, users switched over to it from Adobe products for those reasons. The fear is “not necessarily that it’s going to get worse, it’s that it’s just not going to get better anymore,” Mr. McCarthy said. Since last week, the social media site has become a popular forum for Figma users to voice their worries. If Figma price points approached some of the existing price points for Adobe products, “our costs would go through the roof,” said Mr. McCarthy. Both Adobe and Figma said that the strong community element is part of what made Figma so valuable and attractive to Adobe and they hope it can remain.
☆ Relative to the fundamentals, software valuations are cheap, says MoffettNathanson's Auty
  + stars: | 2022-09-22 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRelative to the fundamentals, software valuations are cheap, says MoffettNathanson's AutySterling Auty, MoffettNathanson, joins 'TechCheck' to discuss where he is on tech valuations, the names that Auty has initiated coverage on and Adobe's decision to acquire Figma.
☆ Meet Dylan Field, the 30-year-old college dropout who built Figma, one of Silicon Valley's most beloved companies, and is set to become a billionaire when it sells for $20 billion to Adobe
  + stars: | 2022-09-20 | by ( Paayal Zaveri | ) www.businessinsider.com   time to read: +7 min
Adobe's $20 billion bid to buy Figma makes CEO Dylan Field's stake worth $2 billion. When the design-software startup Figma was just starting out, Dylan Field, its cofounder and CEO, and his colleagues would pitch prospective customers' design teams, but they struggled with one major problem. While customers were excited about Figma's product, they hesitated to switch from existing tools. Now, Adobe's $20 billion bid to buy Figma makes Field's stake in the company worth $2 billion. Field's rise to successEvan Wallace and Dylan Field are the cofounders of Figma.
☆ The design space overall has a lot of room to run, says Bessemer Venture Partners' Elliott Robinson
  + stars: | 2022-09-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe design space overall has a lot of room to run, says Bessemer Venture Partners' Elliott RobinsonElliott Robinson, Bessemer Venture Partners, joins 'TechCheck' to discuss what Adobe's acquisition of Figma means for the M&A market, whether it makes Adobe more competitive with Canva and if the acquisition of should or will be completed.
☆ The design space overall has a lot of room to run, says Bessemer Venture Partners' Elliot Robinson
  + stars: | 2022-09-20 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe design space overall has a lot of room to run, says Bessemer Venture Partners' Elliot RobinsonElliot Robinson, Bessemer Venture Partners, joins 'TechCheck' to discuss what Adobe's acquisition of Figma means for the M&A market, whether it makes Adobe more competitive with Canva and if the acquisition of should or will be completed.
☆ Meet Dylan Field, the 30-year-old college dropout who built Figma, one of Silicon Valley's most beloved companies, and then will become a billionaire when it sells for $20 billion to Adobe
  + stars: | 2022-09-20 | by ( Paayal Zaveri | ) www.businessinsider.com   time to read: +7 min
When design-software startup Figma had just started out, cofounder and CEO Dylan Field and his colleagues would pitch potential customers' design teams, but they struggled with one major problem. While customers were excited about Figma's product, they hesitated to switch from existing tools. Now, Adobe's $20 billion bid to buy the design software startup makes Field's stake in the company worth $2 billion. Field's rise to successEvan Wallace and Dylan Field are the cofounders of Figma. After taking time off to do a product design internship at news-sharing service Flipboard, he decided not to return to school.
☆ Laid-off Snap employees are fielding dozens of messages from TikTok, Facebook, and Netflix recruiters
  + stars: | 2022-09-20 | by ( Jordan Parker Erb | ) www.businessinsider.com   time to read: +5 min
Well now, some of those laid-off employees are having trouble keeping up with demand from recruiters — and some say they've received reachouts from more than 70 companies. Laid-off Snap employees describe "overwhelming" recruiter outreach. After the company laid off a staggering 20% of its staff, some former workers' inboxes are filled with messages from Facebook, Netflix, and TikTok recruiters. As former employees found themselves without jobs, some told Insider they've fielded dozens of messages from recruiters. What laid-off Snap employees told us.
☆ How security questionnaire startup SecurityPal raised $21 million from investors like Craft Ventures and a GP at Andreessen Horowitz without a pitch deck
  + stars: | 2022-09-20 | by ( Stephanie Palazzolo | ) www.businessinsider.com   time to read: +3 min
SecurityPal helps companies complete security questionnaires using automation and human analysts. The startup raised a $21 million Series A round from Craft and a16z investors without a pitch deck. Hamal is the founder and CEO of SecurityPal, a security questionnaire startup that recently raised $21 million in Series A funding from Craft Ventures, Andreessen Horowitz general partner Martin Casado, and other angel investors. SecurityPal aids companies in filling out security questionnaires using a combination of automation and human security analysts. Hamal told Insider that the round came together from inbound investor interest and without the use of a pitch deck.
☆ Why Adobe Wants Figma and Why Some Investors Are Worried
  + stars: | 2022-09-19 | by ( Aaron Tilley | ) www.wsj.com   time to read: 1 min
Adobe headquarters in San Jose, Calif. The company this past week announced its largest ever acquisition, a $20 billion deal for software startup Figma. Adobe the low-key maker of digital tools to create PDFs and edit photos, pleased investors by reinventing itself as a subscription-software business. Adobe this past week unveiled its largest-ever acquisition, agreeing to buy Figma, a little-known software startup that specializes in helping digital creators collaborate. The $20 billion deal price spooked investors and raised questions among analysts about the health of Adobe’s business.
☆ Heard on the Street
  + stars: | 2022-09-19 | by ( Megha Mandavia | Jacky Wong | Jon Sindreu | ) www.wsj.com   time to read: 1 min
Heard on the StreetThe software maker’s $20 billion acquisition of Figma comes as its own growth is slowing, but the deal could still fly under the radar of regulators.
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