Monday, 24 September 2018

Adobe to acquire Marketo

Adobe Systems announced that it is acquiring software maker Marketo for $4.75 Bn in a move widely seen as one of that will strengthen its position in the fiercely competitive cloud computing and marketing tech sector.

The maker of image-editing tool Photoshop said in a statement that the deal would bring together Marketo’s B2B-focused platform with the capabilities of Adobe Experience Cloud that include analytics, content, personalization and advertising.
It also comes just months after Adobe acquired e-commerce specialist Magento for $1.68bn, indicating that the company is highly focused on expanding its presence in the fast-growing cloud sector, which is currently dominated by Microsoft, Oracle and Salesforce.

Adobe and Marketo tools will enable businesses to use a data-driven approach to focus sales and marketing activities on the most valuable prospects and customers, deliver cross-channel experiences and acquire more customers through targeted, account-based advertising.

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