Wednesday, September 16, 2009

Adobe to Acquire Omniture for $1.8 Billion

Omniture has announced yesterday through their press release that Adobe Systems Inc. is going to buy business software maker Omniture Inc. for $1.8 billion ($21.50 per share) on a fully diluted equity-value basis. It is going to be a smart move that Adobe has taken as it is going to add more values that Adobe is delivering to its customers.

AdobeAdobe’s acquisition of Omniture furthers its mission to revolutionize the way the world engages with ideas and information. Adobe CEO Shantanu Narayen called the move a "game changer" for the company.

"Adobe customers are looking to us for solutions to deliver engaging experiences and more effectively monetize their content and applications online," Narayen said in the press release announcing the deal.

The two companies said the deal is expected to close during Adobe's fourth quarter and is subject to government approvals. Omniture will become a new unit within Adobe, with Omniture CEO Josh James continuing to lead the business as an Adobe senior vice president. Adobe said the deal should add to earnings in fiscal 2010.

Omniture shares soared 25 percent to $21.74 in after-hours trading, while Adobe shares slid 4.5 percent to $34.06. The deal would be Adobe's second-largest acquisition after its $3.4 billion purchase of Macromedia in December 2005.

Adobe to Acquire Omniture for $1.8 BillionBy combining Adobe’s content creation tools and ubiquitous clients with Omniture’s Web analytics, measurement and optimization technologies, Adobe will be well positioned to deliver solutions that can transform the future of engaging experiences and e-commerce across all digital content, platforms and devices.

1 comment:

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