Adobe Systems Inc. (Nasdaq: ADBE) has reached a deal with Mettle, a Canadian software developer and motion graphics studio, to acquire Skybox virtual reality (VR) technology. The move comes as more entertainment and media businesses are embracing 360-degree video and VR as a new medium.
The Skybox plugin suite was established as an Adobe post-production toolset by Mettle in April 2015. The plugin works within video editing software programs Adobe Premiere Pro and Adobe After Effects. Based in Montreal, Canada, Mettle’s plugins are used by a variety of clients: Disney Imagineering, the New York Times Co. (NYSE: NYT), Facebook Inc. (Nasdaq: FB), Google, YouTube and HBO. Mettle co-founder Chris Bobotis joins Adobe as part of the deal.