Adobe has acquired India-based marketing intelligence startup Rilo in a deal involving licensing and team acquisition, TechCrunch learned and the company confirmed. This is Adobe's second acquisition from India after it bought video platform Rephrase.ai in 2023.
Customers can now use Adobe's apps like Firefly, Adobe Express, Photoshop, Premiere, Acrobat, InDesign, Illustrator, Stock, Lightroom, and others directly with Slack's AI chatbot, Slackbot, Adobe announced on Monday. In addition, more than 70 Adobe tools will become available in Slack through the Adobe for Slack MCP app.
Adobe Systems (ADBE) concluded the recent trading session at $286.08, signifying a -2.29% move from its prior day's close.
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ADBE's CXO momentum accelerates as AI-first ARR surges, agentic adoption expands and ecosystem partnerships deepen amid fierce enterprise competition.
Adobe said on Monday it has expanded its tie-up with Saudi Arabia's Ministry of Communications and Information Technology and Saudi government-backed AI firm Humain to provide citizens with 12 months of free access to its AI-powered tools.
Adobe stock breaks above $275 and $285 resistance and reclaims key moving averages, putting ADBE on track to test $306.30 and potentially $330.61.
Adobe stock continued its strong rally this week, reaching its highest level since February this year. ADBE has soared by 52% from its lowest level this year, and this rally may continue after forming a golden cross pattern as its earnings loom.
Adobe's AI-first ARR more than tripled to above $500M as Firefly, Acrobat AI and enterprise tools expand monetization across subscriptions and usage.
Adobe (NASDAQ:ADBE | ADBE Price Prediction) has been abandoned by momentum investors, but that setup makes it interesting heading into the back half of 2026.
On CNBC's Squawk on the Street Monday morning, Jim Cramer said the tape has soured on the trade that carried the market for most of the past year.
ADBE's 16% monthly rebound, discounted valuation and accelerating AI monetization support the stock, but competition and heavy AI spending keep it a hold.