Maker of Photoshop,
Acrobat and Flash software.
345 Park Ave.
San Jose, CA 95110
CEO: Shantanu Narayen
Stock Symbol: ADBE
Adobe is one of the world's leading software makers best known for Dreamweaver, Photoshop, InDesign, Flash, Acrobat, Light Room, After Effects and Illustrator programs. Programs are primarily used for graphic design, publications and the Internet.
More than 90% of creative professionals use Adobe Photoshop.
In 2013, the company stopped selling boxed software for purchase via CD and now offers subscription software only via the Creative Cloud program which starts at $49.99 per month per user. Individuals can download single apps via subscription starting at $9.99 per month.
At the end of the fiscal third quarter 2014, the company said it had 2,810,000 Creative Cloud subscribers.
In fiscal 2013, Adobe reported revenues of $4.05 billion and net income of $289.9 million. Half of the company's revenues are generated outside of the U.S.
Adobe Systems has been named one of the 100 Best Companies to Work For in America by Fortune magazine for 14 years and one of the Top Workplaces in the Bay Area.
Adobe was founded in December 1982 by Charles
Geschke and John Warnock. The founders named the company Adobe
from Adobe Creek which ran behind Warnock's home in Los Altos,
CA. The company was incorporated in 1983 in California and went
public on August 20, 1986.
Major acquistions include:
Frame Technology, 1995
Macromedia, Inc., 2005
Top programs developed by Adobe include:
Adobe Photoshop -
Launched in 1990
Professional industry standard for digital image editing and
creation, and leader of the Photoshop digital imaging line.
Adobe InDesign - Launched in 1999
Professional layout and design software that delivers swift production
workflows, a fluid creative environment, and
sophisticated graphics and typography.
Adobe Acrobat -
Launched in 1993
Family of products that provide business, technical, and creative
professionals a flexible, reliable, and more secure way to share
and collaborate on intelligent documents.
Adobe After Effects - Launched in 1993
Essential motion graphics and visual effects tool for digital
video production work.
Adobe Flash - Launched in 1996
The industry's most advanced authoring environment for creating
interactive websites, engaging digital experiences, and high-impact
Adobe Dreamweaver - Launched in 1997
Industry-leading web development tool, enabling users to efficiently
design, develop, and maintain standards amd web-based applications.
Choose among these plans:
Aetna 80/60 Choice POS II
Aetna HealthFund (HRA)
Aetna 90/70 Choice POS II
Kaiser Permanente HMO (in California)
Blue Cross Blue Shield POS (in Massachusetts)
Non-network benefits available
Choose between two plans:
Delta Preferred Option USA (PPO)
UCCI/DMO (California only)
Covered through each medical plan. The Aetna and Blue Cross
Blue Shield plans provide for a 3-tier copayment structure of
$5 / $20 / $35 depending on the type of prescription. Kaiser
participants pay $10 for each prescription. Mail Order programs
are available under all plans.
Vision Service Plan: $10 co-payment, exam, and lenses covered
every 12 months, frames covered every 24 months. Contact lenses
covered every 12 months in lieu of lenses and frames. Choice
of preferred/non-preferred providers.
Life and accidental death and dismemberment insurance
Available in 50K increments up to 10 times annual base pay;
1 million dollar maximum; $25,000 minimum.
Dependent life insurance
$12,500$100,000 with evidence of insurability required
at certain levels.
Long-term disability insurance
50% or 66 2/3% salary replacement.
Dependent care reimbursement account
Set aside up to $5,000 (or $3,800 with Adobe Gift) pre-tax
per calendar year for qualified day care and elder care expenses.
Adobe provides a nontaxable $100 per month gift if you elect
coverage and have a child(ren) under age 13 in day care.
Health care reimbursement account
Set aside up to $4,000 pre-tax per calendar year for qualified
Group legal plan
Offered through ARAG Group, this plan provides direct access
to attorneys for a wide range of legal matters.
Offered through CNA, provides financial benefits for nursing
home or community-based care beyond the traditional medical plans.
Home/Auto and Pet Insurance
Offered through MetLife, provides the opportunity to purchase
personal auto, home and/or pet insurance at competitive group
rates, paid for through payroll deductions.
Backup Care Options
Offered through Work Options Group, this program provides
employees with up to 100 hours per year for temporary backup
child and adult/elder care when normal care arrangements fall
through. Fully-licensed in-home and center-based care options
Holidays and time off
Personal time off (PTO)
PTO is available for vacation, sick leave, personal business
and floating holidays. Employees accrue PTO at 16 hours (2 days)
per month for the first five years of service.
A sabbatical is 3-weeks of paid time off, in addition to
PTO, that may be granted to an employee after 5 years of continuous
In the U.S., Adobe observes eight paid holidays per calendar
year, in addition to PTO.
Adobe typically closes its North America offices between
the Christmas and New Year's holidays. During this shutdown,
employees are required to use PTO or borrow against future PTO
for the days that are not paid holidays.
Educational assistance program
For U.S. employees, Adobe reimburses
100 percent of the cost of fees, tuition, and books for eligible
business related courses and certificate programs up to a maximum
of $10,000 per year with manager's approval. Adobe also provides
100 percent reimbursement for on-site technical courses through
Stanford Instructional Television Network, where available.
Adoption assistance program
For U.S. employees, Adobe reimburses $5,000 toward eligible
adoption expenses upon finalization of the adoption; $2,000 for
the adoption of a stepchild.
Matching gift program (Worldwide)
Adobe matches employee contributions to qualified nonprofit
organizations up to a maximum of $2,500 per calendar year.
Employee purchase program (Worldwide)
Adobe offers discounts on equipment and Adobe software for
For U.S. employees, credit union memberships are available
at some locations.
Adobe's corporate headquarters and the Ottawa office have
fully equipped exercise rooms and fitness classes. Health club
membership subsidies are available at other U.S. locations and
for remote employees.
Two full-service cafeterias are provided at Adobe's corporate
headquarters. Adobe's San Francisco, California, Seattle, Washington,
and Noida, India offices also provide a cafe.
Patent program (Worldwide)
Adobe supports new ideas by applying for patents conceived
Adobe Profit Sharing Plan
Eligible employees are awarded
up to a 10 percent profit sharing bonus paid quarterly, based
on Adobe's financial performance.
Employee Stock Purchase Plan (ESPP)
Employees outside of Brazil, Russia, and China may contribute
up to 25 percent of their eligible compensation to purchase Adobe
stock. Enroll during semi-annual open enrollment periods (June
and December), and make changes to deferral percentages at any
time. Lock in a favorable stock price for up to a 24-month period.
Stock is purchased every six months at a price that is at least
15 percent below market value.
Adobe Stock Option Plan
All new employees are given a stock option grant, which offers
them the option to purchase Adobe stock at a set price. Employees
may exercise option shares upon vest in a variety of ways, one
of which being to sell their shares without having to use cash
for the initial purchase.
Adobe Bonus Programs
Adobe employees may be eligible for bonus plans in addition
to their base pay. These include Sales Compensation Plans, Team
Bonus Plans for shipping quality products on time, and the Annual
and Quarterly Incentive Plans for management positions. Special
Recognition awards are given to recognize above and beyond contributions
Adobe 401(k) Retirement Savings Plan
U.S. employees may contribute up to 65 percent of their tax-deferred
compensation to Adobe's 401(k) Retirement Savings Plan (subject
to IRS annual limits). Adobe matches 50 percent of the first
6 percent of employee contributions. The Plan offers auto enrollment,
online account access and the ability to make changes on a daily
basis. Employees may choose from a diversified lineup of 14 core
investment options, 11 date-specific Target Retirement Funds
and/or The Vanguard Brokerage Option. Investment advice and retirement
seminars are offered to assist employees with investment decisions.
Rollovers are accepted from previous employer qualified plans.
Adobe Deferred Compensation Plan
Adobe's Deferred Compensation Plan (DCP) supplements the
Adobe 401(k) Retirement Savings Plan by providing an additional
opportunity to tax defer a portion of income. U.S. Director-level
positions and above (and equivalent) are eligible to participate
in this program. Eligible employees may defer compensation from
base salary, commission pay, quarterly profit sharing and the
annual incentive plan bonus.
529 College Savings Plan
U.S. employees may set aside money with tax-free growth for
qualified educational costs. There are six funds to choose from
including age based as well as aggressive growth and balanced
portfolios. There are daily enrollment and changes with no waiting
period and convenient direct deposits into chosen beneficiary's
Updated September 18, 2014