FutureSplash along with Flash were soon bought by Macromedia around 1997 , who in December 2005 was again bought by Adobe Systems . From Flash version 2 to 8 it was called `` Macromedia Flash '' , now it is called `` Adobe Flash '' . In 2005 , Adobe Systems acquired Macromedia ; subsequently , in 2007 , Adobe Flash CS3 Professional , the next version of Macromedia Flash was released .