Adobe adds talent

Article Excerpt

ADOBE SYSTEMS $45.78 (Nasdaq symbol ADBE; TSINetwork Rating: Average) (408-536 -6000; www.adobe.com; Shares outstanding: 501.9 million; Market cap: $21.8 billion; No dividends paid) has paid an undisclosed sum for Ideacodes. This privately held firm helps businesses make their mobile software, or apps, and other online content look and perform better. Ideacodes’ technology will enhance Adobe’s new Creative Cloud suite of publishing and photo-editing programs. Adobe has switched from selling packaged software on CDs to offering ongoing subscriptions online. Ideacodes’ founders, Emily Chang and Max Kiesler, will join Adobe as Creative Cloud’s new creative directors. Adobe Systems is a hold. hold…