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Adobe Systems Incorporated
Company typePublic
Nasdaq: ADBE
NASDAQ-100 Component
S&P 500 Component
IndustryComputer software
FoundedMountain View, California, US
(February 28, 1982 (1982-02-28))
FounderCharles Geschke
John Warnock
HeadquartersAdobe Systems complex,
San Jose, California, U.S.
Area served
Worldwide
Key people
Charles Geschke, (Co-Chairman)
John Warnock, (Co-Chairman)
Shantanu Narayen(President and CEO)[1][2]
ProductsList of Adobe products
Revenue
  • Decrease US$ 422.723 M(2013)[3]
  • Decrease US$ 289.985 M(2013)[3]
Total assets
  • Increase US$ 10,380.298 M(2013)[5]
Total equity
  • Increase US$ 6,724.634 M(2013)[5]
Number of employees
11,847 (2013)[6][7]
WebsiteAdobe.com


Adobe Systems Incorporated is a company founded in February 1982 by John Warnock and Charles Geschke who left Xerox PARC to develop and sell the PostScript page description language.[8][9]

Main history

[edit]

The history of Adobe began when Geschke and Warnock first met and start working together at Xerox's Palo Alto Research Center (PARC). There, they helped develop Interpress, a page description language which Xerox kept proprietary. This decision prompted Geschke and Warnock to leave PARC and found Adobe Systems Inc. in the late 1982.[8][10] A venture capitalist named William Hambrecht gave the new entrepreneurs a personal check of $50,000 as contribution to the startup costs and later had his firm invest $2.5 million in Adobe. The company name Adobe originates from Adobe Creek in Los Altos, California.

Within four years, Adobe became a publicly traded company under the symbol ADBE on the NASDAQ exchange. Adobe has grown from a single-digit beginnings to a successful, major technology enterprise. After four years of operation, Adobe annual business increased significantly with sales figures from $2.5 million in 1984 to $80 million in 1988. The following describes important milestones in the history of the company.[11][12]

Key dates

[edit]

1982 -1984: The Foundation and incorporation years

[edit]
Charles Geschke and Chuck Geschke at the foundation of Adobe Systems in 1982.
  • 1982. Charles Geschke and Chuck Geschke leave Xerox to found Adobe Systems in December 1982. The company name Adobe comes from Adobe Creek in Los Altos, California, which ran behind the houses of both of the company's founders. Together with Doug Brotz, Ed Taft and Bill Paxton, they created a simple language called PostScript that is put on sale in 1984. It was the first printing software that enabled users to print pages that included text, line art and digitized photos.
  • 1984 : Dr. Warnock served as President and Chairman of Adobe and then CEO for the following sixteen years. Although he retired as CEO in 2001, he still co-chairs the board with Geschke. Dr. Charles Geschke, Chairman of the Board Adobe Systems Incorporated, has served as chairman of the board since 1997. He previously served as president.[8]

1985 - 1989: The Postscript years

[edit]
Steve Jobs (Apple), John Warnock (Adobe) and Charles Geschke (Adobe) in the early stages of the PostScript and the LaserWriter.
  • After creating PostScript, a revolutionary breakthrough in printing technology, Adobe released digital fonts as Type 1. Then, Adobe Type Manager followed in response to Apple's TrueType.[11] Later in 1996, it announced the OpenType font format in association with Microsoft.
  • In the mid-1980s, Adobe entered the consumer software market with Adobe Illustrator, a vector-based drawing program for the Apple Macintosh. Illustrator, which grew from the firm's in-house font-development software, helped popularize PostScript-enabled laser printers.
  • 1985 - Apple, Aldus, and Adobe joined into a strategic alliance. Their respective products: the Apple Macintosh computer and Apple LaserWriter, the Aldus PageMaker software, and Adobe PostScript printing technology transformed the publishing industry and helped generate pages in an integrated process.
  • 1986 - Adobe Initial Public Offering, typographer Sumner Stone is hired.
  • 1987 - Adobe Illustrator 1.0 is released.
  • 1989 - Adobe introduced its flagship product, Photoshop for the Macintosh. Two years later, Photoshop revenues eclipsed those of Illustrator and established the Adobe brand worldwide. The same year, Apple sold its 20% equity in Adobe, netting $85 million.
  • 1992 - Adobe Acrobat software and Adobe Portable Document Format (PDF) are announced.

1990 - 1999: The innovation years

[edit]
  • 1991 - Photoshop is launched, Adobe Premiere (Mac) was introduced, Adobe had 700 employees.[11]
  • 1993 - Adobe introduced PDF, the Portable Document Format, an International Standard: ISO 32000-1:2008. Then, its Adobe Acrobat and Reader software suite is released together with Adobe Premiere (Windows).
  • 1994 - Adobe acquired Aldus (PageMaker), the company revenues exceeded $500 M.
  • August 1994 - Bruce Chizen is nominated Chief Executive Officer of Adobe Systems. He led Adobe from a desktop software company to a technology platform provider for enterprises.
  • 1996 - Macromedia introduced Flash, Adobe moved into San Jose world headquarters.
  • 1997 - Adobe ranked no. 2 software firm after Microsoft, Macromedia introduced Dreamweaver
  • 1999 - InDesign released. For the first time, Adobe's revenue exceeds the $1 billion mark.

2000 - 2007: The expansion years

[edit]
  • 2000 - Bruce Chizen became president and CEO; Chuck Geschke retires.[11]
  • 2001 - John Warnock retired, the number of Adobe employes reached 3043.
  • 2002 - Adobe acquired Accelio (electronic forms technology).
  • 2003 - Adobe launched Creative Suite, Adobe Premiere was rebranded to Adobe Premiere Pro, Macomedia hosts first annual MAX conference.
  • 2004 - Adobe ranked 6th in Fortune Magazine’s “100 Best Companies to Work For”.[13]
  • December 2005 - Adobe acquired former competitor Macromedia and included in its catalogue of products,ColdFusion, Dreamweaver, Flash and Flex.[14][15]
  • 2007 - Adobe launched Creative Suite 3, Shantanu Narayen appointed CEO, company revenues exceeded the $2 billion mark.
  • December 2007: Shantanu Narayen takes over as President & Chief Executive Officer.[16] after Bruce Chizen retired in November 2007.

2007- present: The Cloud and Mobile years

[edit]
  • June 5, 2009, Flash platform availble for Android.[17]
  • October 5, 2009, Adobe Opens iPhone to Flash Developers.[18]
  • November 9, 2009, RIM and Adobe united to simplify delivery of rich content and applications for BlackBerry smartphones.[19]
  • October 2011, Adobe Systems announced the switch from a perpetual software license model to a software as a service model, for its software package intended for creative professionals.
  • November 5, 2011, Adobe Touch Apps Available in Android Market.[20]
  • December 20, 2011, New Community Capabilities in Creative Cloud. [21]
  • December 21, 2011, Adobe EchoSign Now Available on iOS Devices. [22]
  • May 15, 2012 Adobe Delivers Web Experience Management in the Cloud.
  • May 6, 2013, Adobe interrupted the Creative Suite and replaced it with the Creative Cloud.[23][24][25] which was released alone on June 17, 2013. Although this move faced substantial criticism, a survey by CNET and Jefferies revealed that most of the subscribers plan to renew.[26][27][28]
  • September 9, 2013, The company announced the renewal of the Creative Cloud tools for Video : Adobe Premiere Pro CC , Adobe After Effects CC , Adobe SpeedGrade CC, Adobe Prelude CC, Adobe Media Encoder CC and Adobe Story CC Plus and introduced Adobe Generator - all-new solution for Adobe Photoshop CC and Adobe Edge Reflow CC.[29]
  • April 8, 2014, Adobe Lightroom Mobile Brings Professional-Class Photo Tools To iPad.[30]

Historic controversies

[edit]
  • On May 16, 2014, Adobe Systems Inc acknowledged a day long outage that disrupted access to its subscription-based Creative Cloud including Photoshop, Illustrator and Flash. However, the interruption did not affect customers who had downloaded the package and were logged in. The service was restored the following day with Adobe's apology for system failure.[31][32][33]
  • In October 2013, Adobe witnessed an important security breach in its system. A significant part of the source code of the company products was stolen[34][35][36] together with more than 150 million compromised customer records (IDs, passwords, encrypted credit and debit card numbers). Some of this information was then displayed online.[37][38] Adobe said that it alerted federal law enforcement authorities and its financial partners of the incidents.
See also: High-Tech Employee Antitrust Litigation
  • In April 2010, the Apple and Adobe Flash controversy originated from Apple's failure to support the popular Adobe Flash in its iPad browser. Apple's late CEO, Steve Jobs arguments were that Flash will eventually become obsolete with the introduction of HTML5.[43][44][45] This decision has prompted an inquiry by the U.S. Department of Justice into the Apple Flash policy.[46][47]
  • Around August 2000, Adobe Systems and Macromedia engaged in a series of claims and counter-claims related to product patent violations which led to mutual lawsuits.[48][49] Then, In July 2002, Adobe and Macromedia reached an agreement that settled their disagreements.[50][51]

See also

[edit]

Further reading

[edit]
  • Inside the Publishing Revolution: The Adobe Story[12]

References

[edit]
  1. ^ "Adobe leaders". Adobe Systems. Retrieved 14 May 2014.
  2. ^ "Adobe CEO: The Quiet Giant". Newsweek. September 28, 2007. Retrieved July 15, 2014.
  3. ^ a b c "ADOBE SYSTEMS INC 2013 Annual Report Form (10-K)" (XBRL). United States Securities and Exchange Commission. January 21, 2014.
  4. ^ "Adobe Systems Investor Relations Data Sheet" (PDF). Adobe Systems. June 17, 2014. Retrieved July 17, 2014.
  5. ^ a b "ADOBE SYSTEMS INC 2014 Q1 Quarterly Report Form (10-Q)" (XBRL). United States Securities and Exchange Commission. March 28, 2014.
  6. ^ "Adobe Key Financials". Hoovers.
  7. ^ "Investor Relations". Adobe Systems. Retrieved July 17, 2014.
  8. ^ a b c Adobe Systems Incorporated (2014). "Adobe: 25 Years of Magic". Adobe Systems. Retrieved July 17, 2014.
  9. ^ "Adobe Systems Incorporated". Encyclopedia Britannica. Retrieved July 17, 2014.
  10. ^ "Creating Adobe Systems" (PDF). Pearson CMG. Retrieved August 6, 2014.
  11. ^ a b c d Adobe Systems Incorporated (2005). "Adobe History Timeline" (PDF). Adobe Systems. Retrieved July 17, 2014.
  12. ^ a b Michal Lev-Ram (2002). "Inside the Publishing Revolution: The Adobe Story". Adobe Press. Retrieved July 17, 2014.
  13. ^ Robert Levering, Milton Moskowitz; et al. (January 12, 2004). "The 100 Best Companies To Work For". Fortune Magazine. Retrieved July 19, 2014. {{cite web}}: Explicit use of et al. in: |author= (help)
  14. ^ Denis K. Berman and David Bank (April 18, 2005). "Adobe Systems Buys Macromedia In Stock Deal". The Wall Street Journal. Retrieved July 20, 2014.
  15. ^ Laurie J. Flynn (April 19, 2005). "Adobe Buys Macromedia for $3.4 Billion". The New York Times. Retrieved July 20, 2014.
  16. ^ "Adobe Names Shantanu Narayen Chief Executive Officer". Adobe. Retrieved November 2007. {{cite web}}: Check date values in: |accessdate= (help)
  17. ^ "Flash platform availble for Android". November 9, 2009. Retrieved November 17, 2014.
  18. ^ "Adobe Opens iPhone to Flash Developers". November 9, 2009. Retrieved November 17, 2014.
  19. ^ "RIM and Adobe united to simplify". November 9, 2009. Retrieved November 17, 2014.
  20. ^ "Adobe Touch Apps Available in Android Market". November 5, 2011. Retrieved November 17, 2014.
  21. ^ "New Community Capabilities in Creative Cloud". December 20, 2011. Retrieved November 17, 2014.
  22. ^ "Adobe EchoSign Available on iOS Devices". December 21, 2011. Retrieved November 17, 2014.
  23. ^ Michael Muchmore (May 6, 2013). "Adobe Ditches Creative Suite for CC: Creative Cloud". PC Magazine. Retrieved July 13, 2014.
  24. ^ Cunningham, Andrew (May 7, 2013). "Adobe's Creative Suite is dead, long live the Creative Cloud". Ars Technica.
  25. ^ Campbell-Dollaghan, Kelsey (May 6, 2013). "Say Goodbye to Creative Suite: Adobe CS Is Now Creative Cloud". Gizmondo. Retrieved July 8, 2014.
  26. ^ Trefis Team. "New Extended Version Of Creative Cloud To Bolster Adobe's CC Subscriber base". Forbes (magazine). Retrieved July 13, 2014.
  27. ^ "Despite complaints, most Adobe Creative Cloud subscribers plan to renew". CNET. March 13, 2014. Retrieved July 13, 2014.
  28. ^ Soham Chatterjee (June 17, 2014). "Adobe results beat estimates on strong subscription growth". Reuters. Retrieved July 17, 2014.
  29. ^ "The renewal of the Creative Cloud tools for Video" (PDF). September 9, 2013. Retrieved November 17, 2014.
  30. ^ "Adobe Lightroom for iPad". April 8, 2014. Retrieved November 17, 2014.
  31. ^ Stephen Shankland (May 15, 2014). "Adobe restores Creative Cloud login service after day-long outage". CNET. Retrieved July 21, 2014.
  32. ^ Jim Finkle (May 16, 2014). "Adobe Creative Cloud up after outage, may compensate customers". Reuters. Retrieved July 21, 2014.
  33. ^ Stephanie Milot (May 16, 2014). "Adobe Apologizes for Creative Cloud Outage". PC Magazine. Retrieved July 21, 2014.
  34. ^ Brad Arkin (October 30, 2013). "Important Customer Security Announcement". Adobe Systems. Retrieved July 20, 2014.
  35. ^ Danny Yadron (November 11, 2013). "Hacker Attack on Adobe Sends Ripples Across Web". The Wall Street Journal. Retrieved July 20, 2014.
  36. ^ "Adobe warns 2.9 million customers of data breach after cyber-attack". The Guardian, UK. October 3, 2013. Retrieved July 20, 2014.
  37. ^ James Vincent (October 30, 2013). "Adobe cyberattack ten times worse than originally thought". The Independent, UK. Retrieved July 20, 2014.
  38. ^ Thomson Reuters (October 30, 2013). "Adobe cyberattack exposed 38 million customers' data". CBC News, Canada. Retrieved July 20, 2014. {{cite web}}: |author= has generic name (help)
  39. ^ "Complaint, US v. Adobe Systems Inc., et al" (PDF). U.S. Department of Justice. Retrieved July 21, 2014.
  40. ^ Rhys Blakely (April 25, 2014). "Google and Apple settle multimillion-dollar wages claim". The Times. Retrieved July 19, 2014.
  41. ^ Jonathan Stempel (May 23, 2014). "Apple, Google, Intel, Adobe to pay $325 million to settle hiring lawsuit". Reuters. Retrieved July 21, 2014.
  42. ^ Jeff Elder (April 24, 2014). "Tech Companies Agree to Settle Wage Suit". The Wall Street Journal. Retrieved July 21, 2014.
  43. ^ Nigam Arora (September 9, 2011). "Adobe's Flash Surrender Proves Steve Jobs And Apple Were Right All Along With HTML5". Forbes Magazine. Retrieved July 20, 2014.
  44. ^ Brian X. Chen (March 11, 2011). "Why Apple Won't Allow Adobe Flash on iPhone". Wired. Retrieved July 20, 2014.
  45. ^ ""Adobe Systems' SEC filing alleging expected loss of ability to compete in the market because of Apple's position on Flash on the iPhone and iPad, Form 10q"". U.S. Securities and Exchange Commission. March 5, 2010. Retrieved July 20, 2014.
  46. ^ Jared Newman (May 3, 2010). "Feds Eye Apple for Antitrust Probe". PC World. Retrieved July 21, 2014.
  47. ^ Josh Kosman (May 3, 2010). "An antitrust app". New York Post. Retrieved July 20, 2014.
  48. ^ Sebastian Ruppley (May 6, 2002). "Adobe Wins User Interface Suit Against Macromedia". PC Magazine. Retrieved July 20, 2014.
  49. ^ "Macromedia wins $4.9m in Adobe patent suit". PC World. May 13, 2002. Retrieved July 20, 2014.
  50. ^ Jim Dalrymple (July 29, 2002). "Adobe, Macromedia reach agreement in Patent lawsuit". Macworld. Retrieved July 20, 2014.
  51. ^ "Adobe and Macromedia settle patent lawsuits". Pinsent Masons. July 30, 2002. Retrieved July 20, 2014.

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Adobe Systems Category:Companies based in Mountain View, California Category:Companies established in 1982 Category:Computer companies of the United States Category:Multinational companies headquartered in the United States Category:Publicly traded companies of the United States Category:Software companies based in the San Francisco Bay Area

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