Adobe Announces Agreement to Acquire Livefyre
Adobe (Nasdaq:ADBE) recently announced it has entered into a definitive agreement to acquire privately held Livefyre, a content curation and audience engagement company. The Livefyre platform gives brands and publishers instant access to billions of pieces of user generated content that can be streamed in real-time right to their sites, ads, emails, TV, digital billboards, and apps. With the planned integration of Livefyre into Adobe Experience Manager, customers will be able to collect, curate and publish user generated content from major social networks into digital experiences across a brand’s owned marketing channels. Livefyre will be part of Adobe Experience Manager and integrated across Adobe Marketing Cloud to make user generated content available across all eight digital marketing solutions.
“As the leader in digital experiences, Adobe helps brands create amazing content with Creative Cloud and then deliver and optimize those experiences using Adobe Marketing Cloud,” said Aseem Chandra, vice president, Adobe Experience Manager and Adobe Target. “With this acquisition our customers will be able to unify the best social media content with branded experiences created in Adobe Creative Cloud and community-driven content in Adobe Behance and Adobe Stock.”
“Adobe Marketing Cloud is recognized by major industry analysts as a leading digital marketing platform for delivering, managing, and measuring content across any digital touch point,” said Jordan Kretchmer, CEO and founder of Livefyre. “We are thrilled to join the Adobe family to give brands the ability to deliver a breadth of impactful, highly personalized digital experiences. The addition of Livefyre to Adobe Marketing Cloud will bring content capabilities to Adobe customers that are unparalleled in the industry."
Innovations over the last several years have integrated Adobe Creative Cloud with Adobe Experience Manager and other digital marketing tools in Adobe Marketing Cloud. Enterprises are able to create and deliver rich, personalized experiences across websites, mobile apps and any connected device at unprecedented content velocity. Bringing together branded and curated social content from Twitter, Facebook, Instagram and other major social networks will accelerate content marketing and open a unique opportunity for marketers to further drive customer engagement and conversion.
Livefyre customers, many of which are joint customers, include CNN, The Coca-Cola Company, Cox Media Group, Dow Jones Wall Street Journal, Hallmark, Huff Post Live, Intel, Kimberly-Clark, Major League Baseball, Mashable, National Geographic, News Corp, the PGA Tour, Sears, Tourism Australia, Univision, Warner Music Group and others. Livefyre has offices in San Francisco and New York. The acquisition is subject to certain closing conditions and expected to close within the next months. Terms were not disclosed.
Adobe Experience Manager and Adobe Marketing Cloud
Adobe Experience Manager, a comprehensive content management solution for building websites, mobile apps, and forms and managing marketing content and assets across them, manages over 4.1 trillion rich media requests per year and is one of eight solutions in Adobe Marketing Cloud.
Adobe Marketing Cloud empowers companies to transform their brands by using big data to effectively reach and engage customers and prospects with highly personalized experiences across devices and digital touch points. Eight tightly integrated Solutions offer marketers a complete set of digital marketing tools that focus on analytics, web and app experience management, testing and targeting, advertising, video, audience management, social engagement and campaign orchestration. The tie-in with Adobe Creative Cloud makes it easy to quickly activate creative assets across all marketing channels. Thousands of brands worldwide rely on Adobe Marketing Cloud.
Forward-Looking Statements Disclosure
This press release includes forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, that are subject to risks, uncertainties and other factors, including risks and uncertainties related to Adobe’s ability to successfully integrate Livefyre’s platform and abilities into Adobe Experience Manager and other Adobe Marketing Cloud solutions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including statements regarding: the likelihood and timing of Adobe’s acquisition of Livefyre; the ability of Adobe to successfully integrate Livefyre’s business and technology; other anticipated benefits of the transaction to Adobe; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. These risks, uncertainties and other factors, and the general risks associated with Adobe’s business, could cause actual results to differ materially from those referred to in the forward-looking statements. The reader is cautioned not to rely on these forward-looking statements. All forward-looking statements are based on information currently available to Adobe and are qualified in their entirety by this cautionary statement. For a discussion of these and other risks and uncertainties, individuals should refer to Adobe's SEC filings. Adobe does not assume any obligation to update any such forward-looking statements or other statements included in this press release.