Adobe snaps up rival for 1.1bn

Adobe Systems plans to pay $1.8bn (£1.1bn) for fast-growing business software maker Omniture as the maker of Photoshop and Acrobat looks to turn around declining sales. Adobe, which announced the deal as it reported lower quarterly sales and profit, has been struggling over the past year as the recession hurt technology spending and customers declined to upgrade older versions of its programmes. The acquisition would give Adobe a new stream of revenue to offset that decline.