San Jose, California
Overall Rank: 2
Category Rank: 1
- Top Software Company of 2021
As one of the top software providers in the world, tech giant Adobe serves millions of users across the globe. From its humble beginnings in 1982, the company is mostly known these days for its multimedia and creativity software offerings. Popular products include Photoshop, Acrobat Reader, and Creative Cloud.
Originally, Adobe was named after the Adobe Creek in California, which ran behind the houses of the company’s two founders, John Warnock and Charles Geschke. As of 2021, Adobe has more than 23,000 employees worldwide, about 40% of whom work in San Jose, California, where the company maintains its headquarters. On top of that, Adobe has field offices in about 30 countries across the Americas, Asia, and Europe. It also has major development operations in India.
A long-time publisher of traditional software packages, Adobe was instrumental in the creation of the desktop publishing industry. Since then, the company has found tremendous success by adapting to shifts in the market, leading the charge into the cloud and subscription-based business model. Propelled by these digital offerings, its revenue more than doubled between 2015 and 2019. More recently, Adobe achieved record quarterly revenue of $3.91 billion in its first quarter of fiscal year 2021, which represents a 26% year-over-year growth.
One of the most well-known PDF applications on the market, Acrobat has transformed the PDF experience and bolstered the reputation and adoption of the format. Beyond basic online/offline viewing and editing functionalities, this program can generate PDFs from multiple sources such as aggregate PDFs, blank documents, HTML, and screen captures. Acrobat can also bring PDF files into other venues such as Word, Excel, RichText, and Images. Configurations are available for interactive versions, signature additions, and easier searching through OCR technology.
Adobe Creative Cloud
This handy tool gives creative teams an avenue for seamless virtual collaboration across geographies in order to lessen the necessity of business travel. The Creative Cloud’s immersive 3D design capabilities let designers avoid expensive photoshoots or physical samples. The programmed, photorealistic designs and augmented reality experiences are hugely convenient and inspire inventiveness.
Adobe Document Cloud
In the past year, the Document Cloud facilitated over 8 billion electronic and digital signature transactions. A vast majority of Fortune 100 companies count on this solution for quick and trustworthy e-signatures. Integration with mobile and desktop applications allows users to do practically anything with any document from anywhere. Every million transactions covered by Document Cloud and Adobe Sign in lieu of paper workflows saves 23 million pounds of CO2e, 1.5 million pounds of waste, and 27 million gallons of water.
Adobe Experience Cloud
The customer engagement tool helps businesses tailor experiences with solutions for personalization, data analytics, and content management. These features are proven to build customer loyalty and drive long-term campaign success. The wide-reaching Experience Cloud is supported by an international ecosystem of over 4,000 active agency, technology, and marketplace partners, in addition to 450,000 community members and developers.
Whenever Adobe employees contribute money to eligible schools or nonprofits, the company is glad to match their donation at up to $10,000 per year. Every volunteer hour is also matched by a $25 donation.
Volunteers activities and fundraisers are organized by Adobe Action Teams at over two dozen Adobe locations. The company’s Create Change days give employees unique opportunities to participate in local community-supporting activities. 2020 saw record-breaking numbers for virtual volunteering efforts.
Local nonprofits are thankful for Adobe’s employee-driven donation campaigns. In 2019, the company’s grant-makers awarded about $4 million to 200 nonprofits. The same year, Adobe staff donated their time and professional services in what shakes out to a $1.28 million value.
Training meant to prepare employees for community organization leadership has been in place at Adobe for some time. More than 350 employees served on boards or finished the training programs in 2019. This made for $1.5 million in grants for 208 charities.
Diversity & Inclusion
Although opportunities for improvement are constantly being sought out, the end of fiscal year 2020 saw a respectable 33.5% metric for representation of women in Adobe’s global workforce.
Underrepresented minorities such as those who identify as Black/African American, Hispanic/Latinx, Native American, Pacific Islander, and/or two or more races made up 10.8% of the U.S. employee base. This represents a 0.6% increase year-to-year.
Global gender pay parity was reached in October 2018. Adobe has also sorted out pay parity among underrepresented minority and non-URM employees in U.S. staffing. The company is dedicated to maintaining pay parity during all forms of future growth.
2018 also saw the launch of Adobe’s Supplier Diversity program, which guarantees that more business is done with companies certified as majority owned or operated by minorities, women, veterans, members of the LGBTQ+ community, and people with disabilities.