Marketo Named #1 Fastest-Growing Private Company of Silicon Valley
Silicon Valley Business Journal Cites Remarkable 1,486 Percent Growth for Revenue Performance Management Leader
San Mateo, CA – October 17, 2011 – Marketo, the fastest-growing provider of Revenue Performance Management solutions, today announced it has been named Silicon Valley’s fastest-growing privately held company of 2011 by the Silicon Valley Business Journal. Based on the company’s revenue from fiscal 2008 to 2010, Marketo earned the top ranking by growing 1,486 percent, with 80 percent of that growth from the company employing its own marketing practices.
Marketo continues to see unprecedented adoption of its powerful andeasy-to-use marketing automation and sales effectiveness solutions, having propelled past 1,350 customers in just three and a half years. Marketo has also more than doubled its employee count – expanding the number of customer-facing support and service employees by 150 percent and increasing engineering capacity by more than 50 percent. In April of this year, the company also opened its European headquarters in Dublin, Ireland to support its swiftly growing international customer base. Marketo is on track this year to more than double its 2010 revenue and has expanded its global staff to more than 200 so far in 2011.
True to Marketo’s mission to help customers grow their revenues faster, a number of Marketo customers were also recognized at the awards banquet, held Thursday night at the Computer History Museum in Mountain View, Calif. Marketo customers honored included Equilar Inc., LinkedIn Corp, Merced Systems Inc, PureMatter Brand Marketing and Interactive, Vindicia Inc, VSS Monitoring Inc. and YouSendIt Inc.
“Being named the fastest-growing private company in a region home to many of the world’s most successful technology corporations is an honor,” said Phil Fernandez, president and CEO, Marketo. “It reflects our mission to innovate at a furious pace and maintain a laser focus on making our customers wildly successful. That’s why we’re especially proud to be recognized alongside some of our Bay Area customers.”
The prestigious ranking comes on the heels of the company launching Spark by Marketo, a new brand of marketing automation tailored specifically for small businesses – the fastest-growing and largest segment of today’s economy. Spark by Marketo is simple to use and deploy to immediately help small businesses to grow faster. The product complements Marketo’s award-winning solutions for mid-size and large enterprise customers.
Marketo is the global leader in Revenue Performance Management. Marketo’s powerful yet easy-to-use marketing automation solutions transform how marketing and sales teams of all sizes work — and work together — to drive dramatically increased revenue performance and fuel business growth. The company’s proven technology, comprehensive services, and expert guidance – in areas ranging from demand generation to lead nurturing – are helping corporations around the world to turn marketing from a cost center to a business-building revenue driver.
As of October 2011, more than 1,350 enterprise and mid-market clients globally have adopted Marketo solutions and in October, Marketo introduced Spark by Marketo™, a new brand of marketing automation tailored specifically for small businesses – the fastest-growing and largest segment of today’s economy.
Marketo was named the fastest-growing private company of 2011 by the Silicon Valley Business Journal, and has also been recognized by CRM Magazine as the “2011 CRM Market Leaders Awards Winner for Marketing Solutions,” the 2010 CODiE award for “Best Marketing Solution,” the “Best Sales and Marketing 2.0 Solution” from SellingPower and the “Best Marketing Automation Application” by Salesforce customers on the AppExchange. For more information, visit www.marketo.com, or subscribe to Marketo’s award-winning blogs at blog.marketo.com.