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Tuesday, July 29, 2008

Adobe Looking For Some Israeli Tech

Adobe, a software company best known for creating (or at least responsible over) Acrobat reader, Photoshop and Flash (note: which I am hoping that they will bring over towards the iPhone) is now looking towards the Jewish state to help them create even more beautiful software.

(Globes Online) "We'd like to develop our market in Israel, but we have no concrete plans at the moment," Adobe Systems director of corporate development Yaniv Vakrat told "Globes" during his visit to Israel last week. "Our acquisitions or collaborations aim to complement the company's business. The technology that interests us must be related to our fields, especially on the user side." [...]

Israel is one the few locations where Adobe has little strategic presence. It is the only top-five Wall Street technology companies - after Microsoft Corporation (Nasdaq: MSFT), Oracle Corporation (Nasdaq: ORCL), SAP AG (NYSE; XETRA: SAP), and ahead of Symantec Corporation (Nasdaq: SYMC) - with no strategic activity in Israel.

Adobe already has a small presence in Israel, although they distribute most (if not all) of their software through Quicksoft (which is sort of like how Apple uses iDigital to distribute their goods Israel side).

There is no word on who Adobe is eying to purchase (or partner with) in the holy land--although they better decide soon before Microsoft gobbles up even more companies (as they have already launched a competitor to Adobe Flash called Silverlight which should give Adobe a run for their money).

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