Adobe Systems has launched a public tender offer to acquire all of the publicly held registered shares of Day Software. The deal is said to be worth somewhere in the region of US$240 million.
The acquisition, Adobe says, will strengthen its enterprise software solutions, representing a significant market opportunity.
“Adobe’s acquisition of Day represents a key milestone in our efforts toward delivering best-in-class customer experience management solutions to enterprises and governments worldwide,” said Rob Tarkoff, Senior Vice President and General Manager, Digital Enterprise Solutions, Adobe. “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.”
“Organisations around the globe have recognised the importance of the online and mobile channel and turned to Day as their enterprise standard for next generation Web Content Management,” added Erik Hansen, CEO, Day Software. “We are excited to join Adobe and combine our expertise in WCM with technologies that create and deliver rich online and offline experiences leveraging the ubiquity of Flash and PDF. We believe this is a winning combination for both Adobe and Day customers.”
Day will operate as a product line within Adobe's Digital Enterprise Solutions Business Unit.
Full details here.