Macromedia, Inc. was an American graphics, multimedia, and web development software company headquartered in San Francisco, California, that made products such as Flash and Dreamweaver. It was purchased by its rival Adobe Systems on December 3, 2005.[3]
History
Macromedia was formed from the April 1992 merger of Authorware Inc. (makers of Authorware) and MacroMind–Paracomp (makers of MacroMind Director). At the time, analysts estimated the multimedia software industry to be worth $200 million, and the combined company would control 20% of the market. Tim Mott of MacroMind was named chairman and chief executive officer and Bud Colligan of Authorware became president and CEO of the new company.[4][5]
Director, an interactive multimedia-authoring tool used to make presentations, animations, CD-ROMs and information kiosks, served as the company's flagship product. Director was used in the creation of many multimedia projects, training programs and presentations for American Airlines, AT&T, and Kellogg's, and even Hollywood films like Jurassic Park and The Firm.[6] Authorware was Macromedia's principal product in the interactive learning market.
By 1993, Macromedia was considered the largest supplier of multimedia development tools. The increased demand in CD-ROM players and multimedia experiences helped Macromedia turn a profit. Analysts estimated that Macromedia had 1992 revenues of about $30 million.[6]
As the Internet moved from a university research medium to a commercial network, Macromedia began working to web-enable its existing tools and develop new products. In 1995, it introduced Shockwave Player, a free Director plugin for Netscape Navigator to display interactive content on the web.[7] Macromedia licensed Sun's Java Programming Language in October 1995.
Acquisition of FreeHand
In January 1995, Macromedia acquired Altsys Corporation, developer of the vector-drawing program FreeHand and font editor Fontographer. Adobe Systems had acquired Aldus Corporation, which held the marketing rights to FreeHand.[8] Because of the program's similarities with Adobe Illustrator, Altsys protested the sale and the Federal Trade Commission issued a complaint in October 1994, ordering the divestiture of FreeHand back to Altsys.[9] The company then sold itself to Macromedia.[10]
With Macromedia's acquisition of Altsys, it received FreeHand thus expanding its product line of multimedia graphics software to include illustration and design graphics software. FreeHand's vector graphics rendering engine and other software components within the program would prove useful to Macromedia in the development of Fireworks.
Despite early success, Macromedia's stock ultimately plateaued at $63.75 per share in December 1995.
Shockwave.com
Hoping to push into entertainment, Macromedia launched the ShockRave website in February 1998, in partnership with MTV. The website featured interactive music videos, puzzles, games, and animated cartoons.[32] In May 1999, Macromedia launched Shockwave.com to promote the capabilities of Flash and Shockwave. It featured music, comics, and games, supported offline downloads, and even offered a premium version called Shockmachine.[33] South Park creators Trey Parker and Matt Stone were contracted to create an original animated series for the website in exchange for equity in the company.[34]
In December 1999, the company managed to secure $44 million in funding from Sequoia Capital to support its six million users.[35][34]
Leadership
- 1992: Bud Colligan became co-founder and CEO of Macromedia, a position he held until 1997; he served as board chairman 1992–1998.[40]
- 1994: Altsys Corp and CEO James Von Ehr became a Macromedia vice-president, a position he held until 1997.[41]
- 1996: Robert K. Burgess was hired as president of Macromedia, and became CEO in 1997, a position he held until 2005; he served as board chairman 1998–2005, a position he held when the company was acquired by Adobe.[42][43]
- 1997: Betsey Nelson became chief financial officer, a position she held until Macromedia was acquired by Adobe.[44]
Products
Part of Adobe
- Adobe Animate (formerly Flash Professional)
- Adobe Captivate (formerly RoboDemo)
- Adobe ColdFusion
- Adobe Connect (formerly Macromedia Breeze, Adobe Acrobat Connect Pro)
- Adobe Dreamweaver
- Adobe RoboHelp
Discontinued products
- Adobe Flash
- Adobe Flash Media Server
See also
- Macromedia software
External links
References
- Adobe to acquire Macromedia retrieved April 18, 2005^
- ADOBE MACROMEDIA SOFTWARE LLC OpenCorporates, 16 May 2021, retrieved 1 December 2021^
- Laurie J. Flynn. Adobe Buys Macromedia for $3.4 Billion The New York Times, 2005-04-19, retrieved 2020-01-28