Adobe acquired Allegorithmic SAS for approximately $106.2 million in cash, a transaction completed in January 2019, structured as all cash.
Allegorithmic SAS operates in Creative / Digital Media. Allegorithmic was a privately held 3D editing and authoring software company for gaming and entertainment, acquired on January 23, 2019. Its Substance suite (Substance Painter, Substance Source, Substance Alchemist, and Substance Designer) enables 3D texturing and materials authoring.
Adobe integrated Allegorithmic into Creative Cloud as Substance by Adobe, extending Creative Cloud into 3D texturing and materials authoring and supporting immersive and augmented reality content creation.
Advisory firms were not disclosed for this transaction.