Adobe Inc. acquired remaining stake in Allegorithmic SAS for approximately €92.2 million.
January 23, 2019 at 04:00 am
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Adobe Inc. (NasdaqGS:ADBE) acquired remaining stake in Allegorithmic SAS for approximately €92.2 ($105) million on January 23, 2019. Post acquisition, Allegorithmic's Substance 3D design tools will be combined with Adobe's Creative Cloud's imaging. Allegorithmic generated sales of €18 million in 2018. Allegorithmic Chief Executive Officer and founder, Sebastien Deguy will take a leadership role in Adobe as Vice President, 3D and Immersive. Laurence Masseran, Bijan Eghbal, Karen Disdier-Mikus , Jonathan Rofé, Laurent Asquin and Marine Petot of DLA Piper acted as legal advisors for Adobe. Judith Raoul-Bardy and Jérôme Delaurière of Gibson, Dunn & Crutcher LLP acted as legal advisors and Sébastien Chabre of Transaction & Cie acted as financial advisor for sellers.
Adobe Inc. (NasdaqGS:ADBE) completed the acquisition of remaining stake in Allegorithmic SAS on January 23, 2019.
Adobe Inc. specializes in the development of software for content design, publication and visual distribution. Net sales break down by product family as follows:
- digital media software (73.3%): primarily creation, illustration, viewing, conversion and digital contents broadcasting;
- online marketing and business process management software (25.2%): web publishing, information security, business resources planning, document production management, application automation software, etc.;
- other (1.5%): software for high-definition printing, online training, etc.
Net sales break down by source of income between sales of subscriptions (94.2%), sales of services 3.4%; consulting, training, maintenance and technical support services) and sales of products (2.4%).
Net sales are distributed geographically as follows: the United States (53.9%), Americas (6.2%), Europe/Middle East/Africa (25.1%) and Asia/Pacific (14.8%).
ADOBE INC. 
