The COVID-19 pandemic likely catalyzed the acquisition when it drove virtually every office into remote work. Tasks that might have historically been managed face to face, like proposals, approvals, and scheduling, are all managed in Workfront’s software. The company offers marketing management software for teams to collaborate and automate marketing efforts. Onward and upward!”įounded as AtTask in 2001, Workfront isn’t exactly a young startup. Workfront founder and Chairman of the Board Scott Johnson had this to say of the acquisition: “I’m thrilled to end this chapter in Workfront’s history in a way that is a win for everyone the amazing team who built and continues to build great software, the customers who will get even more leverage in their creative work, and the investors who have been great long-haul partners.

The deal is expected to finalize in the beginning of 2021 assuming no problems with regulatory scrutiny.

Adobe announced Monday its intent to acquire Lehi-based Workfront for $1.5 billion.

Workfront purchased by adobe