Adobe adds a 3D leader

Article Excerpt

ADOBE SYSTEMS INC. $260.23 (Nasdaq symbol ADBE; TSINetwork Rating: Average) (408-536-6000; www.adobe.com; Shares outstanding: 487.7 million; Market cap: $126.9 billion; No dividends paid) has acquired Allegorithmic for an undisclosed price. That privately held firm is based in France and specializes in 3D backgrounds and material creation for video games and video post-production. 3D is increasingly important for Adobe in its software for developers of games and videos, including virtual reality. Allegorithmic has a diverse customer base across gaming, film and television, automotive, architecture, design and advertising industries. Its clients include leading creative brands like Electronic Arts, Ubisoft, BMW, Ikea, Louis Vuitton, and Foster + Partners. Adobe Systems is still a hold. hold…