Adobe CTO Kevin Lynch announced at the company’s MAX 2011 conference in Los Angeles on Tuesday that Adobe has acquired Typekit, a subscription-based online font service.

Typekit enables Web designers to legally license and embed typefaces on their Web pages. The service currently counts over 250,000 customers, including major publishers like The New York Times, Condé Nast and IGN.

Adobe said that Typekit will be offered as a standalone service, and will eventually also be offered as part of Adobe’s Creative Cloud service. Creative Cloud is a new Adobe initiative also announced by Lynch at his MAX keynote.

In a blog post, Typekit creator Jeffrey Veen said of Adobe, “There honestly is no better place for us to continue building our platform.”