“Adding Marketo’s engagement platform to Adobe Experience Cloud will enable Adobe to offer an unrivaled set of solutions for delivering transformative customer experiences across industries in addition to companies of all sizes,” Adobe said in a statement.
Marketo was founded in 2006, went public in 2013 in addition to was acquired by Vista for $1.8 billion in 2016. Marketo’s customer list includes Canon, Charles Schwab, Eventbrite, GE, Microsoft in addition to Hyundai. Marketo’s CEO, Steve Lucas, will continue to lead the company inside Adobe’s Digital Experience group in addition to will join Adobe’s senior leadership team, the statement said.
Lucas talked about the opportunity of the unification of Adobe in addition to Marketo’s technology in a blog post:
The combination of Marketo in addition to Adobe’s Experience Cloud will form the definitive system of engagement for B2C in addition to B2B enterprise marketers. Marketo’s exceptional lead management, account-level data, in addition to multi-channel marketing capabilities will combine with Adobe’s rich behavioral dataset to create the most advanced, unified view of the customer at both an individual in addition to account level. The result will be an unprecedented level of marketing engagement, automation, in addition to attribution power, all having a goal of delivering end-to-end, exceptional experiences for our customers, where in addition to when they want them.
Adobe stock is usually up 78 percent inside the past year. The majority of Adobe’s revenue comes by its Digital Media business, which includes the Creative Cloud software. Marketing software is usually included inside the Digital Experience business, which generated $614 million in revenue inside the most recent quarter, with 21 percent growth year over year.
Adobe’s software has proven useful for marketing directly to consumers, while Thursday’s statement emphasized of which Marketo offers marketing tools to people working inside of businesses.
Both companies have many customers in common, Adobe CEO Shantanu Narayen said on a conference call with analysts following the announcement of the deal. “This specific was clear [of which] joint customers were looking just for This specific integration,” he said.
Marketo much better its go-to-market approach during its time as a private company, Narayen said.