Apple has agreed to acquire Pixelmator, a popular image editing app available on Mac and iOS. Pixelmator announced the news in a post on its blog, saying it will now “have the ability to reach an even wider audience and make an even bigger impact on the lives of creative people around the world.

Even if that doesn't come to pass, it does mean that a company competing with industry giant Adobe Photoshop now has the backing of an even larger corporation. Pixelmator's blog post says the acquisition is "subject to regulatory approval,

In a surprise Friday announcement, Pixelmator, the team behind the Mac image editing app, announced that it is being acquired by Apple.