We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
80,259 News Articles

Adobe buys web software developer

Increases enterprise web solutions

Adobe Systems has agreed to buy web software maker Day Software Holding in a deal worth $240 million, the company said in a statement Wednesday.

Day Software, of Basel, Switzerland, specializes in Web Content Management, Digital Asset Management and Social Collaboration, which Adobe plans to use to strengthen its enterprise software offerings, it said in the statement.

"With the addition of Day to our enterprise portfolio, we will be able to enhance the value of our offering and deliver on our vision of the web as the hub of customer interaction," Adobe said.

Day will become a product line within Adobe's Digital Enterprise Solutions Business Unit, and Day's CEO, Erik Hansen, will join Adobe as part of the deal.

Adobe will launch a tender offer for Day's publicly held stock shares, an offer that Day's board of directors has already voted to recommend, according to the statement.

The deal is subject to government approval before it can be finalized. Adobe expects to close the deal in the fourth quarter of its 2010 fiscal year, which is later this calendar year.


IDG UK Sites

LG G4 Note UK release date and specification rumours: Samsung Galaxy Note 5 killer could be the LG 3......

IDG UK Sites

In defence of BlackBerrys

IDG UK Sites

Why we should reserve judgement on Apple ditching Helvetica in OS X/iOS for the Apple Watch's San...

IDG UK Sites

Retina 3.3GHz iMac 27in preview: Apple cuts £400 off Retina iMac with new model