Adobe Systems' first acquisition was Emerald City Software in March 1990. In August 1994, the company acquired Aldus, a Seattle-based software company credited with creating the desktop publishing industry with its PageMaker software.[3] The company's products were integrated into Adobe Systems' product line later in the year, and re-branded as Adobe PageMaker and Adobe After Effects;[4] Aldus also owned the TIFF file format, transferring ownership to Adobe.[5] In October 1995, Adobe acquired the desktop publishing software company Frame Technology for US$566 million, and re-branded its FrameMaker software to Adobe FrameMaker.[6] Adobe acquired GoLive Systems in January 1999 and obtained its CyberStudio HTML editor software, releasing it as Adobe GoLive.[7] In May 2003, Adobe acquired Syntrillium Software and its digital audio editor software Cool Edit Pro, and merged it into its product line, re-releasing it as Adobe Audition.[8]
In the 1990s, Adobe purchased a minority stake in four companies, and it purchased a stake in one company in the 2000s. Adobe has also divested six companies, in which parts of the company are sold to another company. All of its divestments were made in the 1990s, with its most recent divestment made in August 1999 when it sold Macromedia Pathware to Lotus Software. Adobe Systems' largest acquisition was San Francisco-based Macromedia in December 2005 for $3.57 billion.
^"Adobe Audition 1.0 sounds like a new program, but this multitrack recorder/editor is the offspring of Syntrillium’s Cool Edit Pro 2.1.". PC Magazine. 2003-11-25.
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