Marketo CEO Phil Fernandez says the deal will allow the company to remain an independent category leader.
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Estimated reading time: 0 minutes, 15 seconds
Private equity firm Vista Equity Partners has agreed to acquire marketing software company Marketo for $1.79 billion, which represents a 64% premium over the stock’s May 9 closing price. So reports CNBC.
Marketo CEO Phil Fernandez says the deal will allow the company to remain an independent category leader.