Adobe to Buy Frame.io in $1.27 Billion Deal

An Adobe Systems Inc software box is seen in Los Angeles, Calif., on March 13, 2017. Lucy Nicholson/Reuters

Adobe Inc said on Thursday it would buy Frame.io, a cloud-based video collaboration platform, in a $1.27 billion deal.

Frame.io streamlines the video production process by enabling video editors and key project stakeholders to collaborate using cloud-first workflows.