Thursday, October 19, 2006

Adobe Buys Serious Magic

San Jose-based Adobe Systems has purchased Folsom-based Serious Magic, a maker of video software and communications tools. Terms of the acquisition were not disclosed. Mark Randall, the firm's CEO, will join Adobe as chief strategist, Dynamic Media. Serious Magic develops the DV Rack, ULTRA 2, Ovation, Visual Communicator and Vlog It software pacakages.