Tuesday, May 31, 2016

Marketo Acquired By Vista Equity For $1.79 Billion

San Mateo-based Marketo, which develops cloud-based, marketing software, has agreed to be acquired by private equity investor Vista Equity Partners, in a deal worth $1.79 billion in cash. Marketo--which went public only three years ago--said that Vista Equity will pay $35.25 per share in cash for the company, which it says is a 65 percent premium compared with its closing price on May 9th, 2016. Marketo said the buyout is "in the best interest of Marketo and its shareholders".