Computer software firm Adobe (ADBE) - Get Report announced on Wednesday that it has acquired all of the SkyBox technology from Mettle, a global developer of 360-degree and virtual reality software.

Mettle's SkyBox technologies are used in building transitions, titles, and effects in VR applications and 360-degree videos.

"The Skybox toolset is designed exclusively for post-production in Adobe Premiere Pro CC and Adobe After Effects CC and complements Adobe Creative Cloud's existing 360/VR cinematic production technology," Adobe said.

Additionally, Mettle co-founder Chris Bobotis will join Adobe.

Mettle's plugins have been widely adopted by leading firms world-wide, such as The New York Times (NYT) - Get Report , Alphabet (GOOGL) - Get Report , Apple (AAPL) - Get Report , and Facebook (FB) - Get Report .
Shares of Adobe were climbing over 1.6% during afternoon trading on Wednesday.

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