Adobe Inc.

History and Milestones - Adobe Inc. was founded in December 1982 by John Warnock and Charles Geschke. - The company started in John Warnock's garage. - The name 'Adobe' comes from Adobe Creek in Los Altos, California. - Adobe's corporate logo features a stylized A and was designed by graphic designer Marva Warnock. - Steve Jobs attempted to buy the company for $5 million in 1982, but the founders refused. - Adobe focused on developing specialized printing software in the 1980s. - They created the Adobe PostScript page description language, which became the industry-standard printer language by 1987. - Adobe released digital fonts in a proprietary format called Type 1. - Illustrator, a vector-based drawing program, was introduced in the mid-1980s. - In 1993, Adobe introduced PDF (Portable Document Format) and Adobe Acrobat and Reader software. - In 1994, Adobe acquired Aldus Corporation, adding PageMaker and After Effects to its product line. - Adobe acquired FrameMaker, a long-document DTP application, in 1995. - In 1996, Adobe acquired Ares Software Corp. - Adobe acquired Macromedia in 2005, adding various software products to its lineup. - In 2003, Adobe purchased Cool Edit Pro and renamed it Adobe Audition. - Adobe released Adobe Media Player in 2008. - On April 27, 2008, Adobe discontinued the development and sales of GoLive in favor of Dreamweaver. - Adobe launched Acrobat.com, a series of web applications, on June 1, 2008. Present and Products - Adobe is headquartered in San Jose, California. - The company specializes in software for content creation and publication. - Adobe's flagship products include Photoshop, Illustrator, and Acrobat Reader. - They offer a subscription software as a service (SaaS) called Adobe Creative Cloud. - Adobe is considered one of the top global leaders in Customer Experience Management (CXM). Recent Developments - Adobe had ongoing arguments with Apple over the lack of support for Adobe Flash on Apple products. - Former Apple CEO Steve Jobs criticized Flash for its reliability and security. - Adobe acquired Day Software and integrated their line of products. - Adobe acquired DemDex, Inc. to add audience-optimization software to its online marketing suite. - Adobe unveiled a new mobile photo service called Carousel, which later became Adobe Revel. - The annual Adobe Summit was canceled in 2020 due to the COVID-19 pandemic. - Adobe banned political ads features on its digital advert sales platform as the US presidential elections approached in 2020. - Adobe acquired Workfront, a provider of marketing collaboration software, for $1.5 billion. - Adobe announced the acquisition of Frame.io, a cloud-based video collaboration platform, for $1.275 billion. - Adobe added payment services to its e-commerce platform in 2021. Finances and Recognition - Adobe's revenue increased from $1.966 billion in 2005 to $12.806 billion in 2020. - The company experienced growth rates ranging from -21.52% in 2009 to 22.47% in 2010. - Net income varied from $268 million in 2014 to $2.951 billion in 2019. - Adobe's stock price per share ranged from $28.63 in 2009 to $490.564 in 2019. - The number of employees increased from 11,847 in 2013 to 22,634 in 2019. - Fortune recognized Adobe as one of the 100 Best Companies to Work For since 2000. - Adobe was recognized as a Best Place to Work by Glassdoor. - Fast Company included Adobe on its list of the Most Innovative Companies. Criticisms and Controversies - Pricing: Retail prices are up to twice as much in non-US countries compared to the US. - Security: Hackers have exploited vulnerabilities in Adobe programs, such as Adobe Reader. - Customer data breach: Sensitive data of millions of customers was stolen in a security breach. - Anti-competitive practices: Adobe acquired a competing product, FreeHand, and stalled its development. - Cancellation fees: Adobe faced criticism for its cancellation fees. - Chief executive officers: John Warnock, Bruce Chizen, and Shantanu Narayen. - Failed acquisition of Figma: Adobe's planned acquisition of Figma was abandoned due to regulatory push-back. Note: The content provided is an example and may not reflect accurate information about Adobe Inc.