Adobe supply a tool to customise the MSI installation of Acrobat, the "Adobe Customization Wizard"Adobe Customization Wizard. What we do is to deploy Acrobat/Reader through Group Policy, having first used this tool to customise the MSI to disable all updating, update prompts, etc.
Having done this, we can roll out updated to Acrobat via GP as they're released.
Sadly no, I don't know of any centralised tool that will do this. The above approach will at least let you manage the updates, and stop users complaining about the Adobe Updated popups!