Adobe Flex is a cross-platform development framework designed for building rich internet applications (RIAs) that can run using the Flash Player or Adobe AIR. It offers a component-based development model utilizing MXML, allowing for easy application building with support for ActionScript 3 for interactivity. Since its inception, Flex has evolved through various versions, becoming open-source in 2007, and now enjoys a growing adoption among developers with a nearly 95% penetration rate for the Flash Player.