Figma, which was first released in 2016 and has been one of the biggest friends of designers since day one, came today with some big news. Although it’s just one application, it’s Adobe’s biggest competitor in design. Figma is acquired by Adobe.

Adobe announced Figma in the announcement shared today. buy it for $20 billion explained. The company shared that it will pay half of the money in cash and half in stock, while Figma’s CEO and employees will receive an additional 6 million shares that will be transferred four years after the company’s acquisition. of the agreement It is expected to be completed in 2023.

What will happen to Adobe’s Figma’s rival apps?

With Adobe’s acquisition of Figma, it is not yet known what will happen to the company’s applications that compete with Figma. Figma, Adobe’s it was specifically a competitor to the AdobeXD UI/user experience implementation. But it also included basic photo editing and designing functions. Another feature that brought Figma to the fore was the community and library of training and materials provided by this community.

Figma CEO continues in his role:

Speaking of the purchase decision, the CEO and co-founder of Figma, Dylan Field, used the following statements about what Adobe can add to the application:

“With Adobe’s incredible innovation and expertise, especially in 3D, video, vector, image editing and fonts, we can reshape end-to-end product design in the Finder and create new tools and spaces that help customers create products faster and easier. can design. ”

Figma had just reached a value of $10 billion in June last year.

Does this purchase mean that Adobe is moving to free apps?

Adobe, which sells dozens of applications in packs or individually, shared an announcement in recent months pointing to the move to free. The company’s most popular app is Photoshop. a free version had published. With this development, Adobe is expected to release some new free applications as well. The acquisition of Figma was probably also a strategic move by Adobe to offer alternative free apps (and of course make them unbeatable).