Marketo Announces Record-Breaking 2011 With 130% Year-Over-Year Revenue Growth
Marketo, a provider of marketing automation and Revenue Performance Management (RPM) solutions, reported that it nearly doubled its customer count in 2011, signing 120 new contracts in December alone, and ending the year with 1,578 customers. Additionally, the company said it grew its revenue more than 130% year-over-year and nearly doubled its employee count.
Marketo also reported it closed its largest deal ever in Q4 2011, and posted more than 400% year-over-year growth in its enterprise segment. New Marketo customers added in Q4 included Barnes & Noble College, Chrysler Fleet Division and F5 Networks. The company also hired Doug Grigg as its VP of Enterprise Sales to support its growing enterprise customer base.
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