Adobe to acquire Day Software

The cost of the acquisition amounts to CHF139 per share in cash in a transaction valued at approximately CHF255 million on a fully diluted equity-value basis. This approximates to about US$240 million (about R1.766 billion) at the current exchange rate.

Adobe's acquisition of Day will strengthen the company's enterprise software solutions with market leading web content management (WCM), digital asset management and social collaboration offerings. this acquisition represents a significant market opportunity for Adobe to help organizations transform themselves by enabling them to create, manage, distribute and monetize content while optimizing the web experience for their customers.

Day's leading web solutions combined with Adobe's existing enterprise portfolio will be designed to enable customers to better integrate their global web presence and business applications, unlocking value across their marketing, sales and service processes. In addition, Day customers will be able to leverage more interactive application and document capabilities from Adobe AIR, Adobe Flash, Flex, Adobe LiveCycle and PDF. The combination of Day and Adobe aims to help customers realize the full potential of the web in acquiring, servicing and retaining their customers, without disrupting their existing IT infrastructures.

"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."

Erik Hansen, CEO, Day Software, said: "We believe this is a winning combination for both Adobe and Day customers."

For more information go to www.adobe.com/ADBE.