Adobe makes a big-time web deal for Omniture

Filed under: Adobe Systems (ADBE)

Back in the mid 1990s, Josh James -- who was an undergraduate -- saw huge potential in the Internet. So he teamed up with a friend, John Pestana, to create a company that helps put together web pages. The company eventually became Omniture (Nasdaq: OMTR), which is a top player in web analytics .

Well, the bet has paid off. Today Omniture sold out to Adobe (Nasdaq: ADBE) for a cool $1.8 billion. Omniture's shares ended the day at $17.32.

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Adobe makes a big-time web deal for Omniture originally appeared on BloggingStocks on Tue, 15 Sep 2009 18:00:00 EST. Please see our terms for use of feeds.

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