Adobe plans to buy Day Software Holding, a Swiss company that specializes in enterprise-level software solutions for digital asset management, Web-based content management, and social collaboration. The two companies are ready to move forward with a deal that will cost Adobe about US$240 million.
“This acquisition represents a significant market opportunity for Adobe to help organizations transform themselves by enabling them to create, manage, distribute and monetize content while optimizing the web experience for their customers,” Adobe representatives said in a statement.
The two companies hope to complete the transaction before the end of 2010, subject to standard regulatory approval.
Adobe is known for its creative design applications such as Photoshop, InDesign and Illustrator, along with Dreamweaver and Flash. The addition of Day Software Holding to its stable means Adobe can offer its own enterprise-level content management solutions instead of relying on third-party options.
“We believe this is a winning combination for both Adobe and Day customers,” commented Day CEO Erik Hansen.