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June 28, 2013 12:44 am GMT
Adobe today announced that it has acquired Neolane, a conversation marketing company with an annual revenue of just under $60 million, in a transaction that’s worth $600 million in cash. Neolane was founded in 2001 and is currently headquartered in Paris, France, with offices around Europe, North America and Asia. The company’s customers include the likes of Accor Hotels, Alcatel-Lucent, IKEA, Samsung, Sony and Dior. For Adobe, which is putting quite a few resources into its Marketing Cloud, this acquisition adds a new piece to its feature lineup. Adobe does offer Adobe Social, which provides a number of social media-tracking and analysis tools. Neolane’s feature lineup, however, is far larger and includes tools like handling leads, marketing resource management, high-volume email marketing campaigns and a real-time offer recommendation engine for personalized, one-to-one messages.Neolane, Adobe says, will become the sixth solution in the Marketing Cloud, joining its existing Analytics,Target,Social, ExperienceManagerand MediaOptimizerofferings. Last year, Neolane raised a $27 million funding round led byBattery Ventureswith participation byAuriga Partners and XAnge Private Equity. TheacquisitionofNeolanebrings criticalcross-channelcampaignmanagementcapabilitiesto theAdobe MarketingCloud,saidBradRencher,seniorvicepresidentandgeneralmanagerof AdobesDigitalMarketingbusiness in a canned statement today. Adobehas longbeen the trustedpartnertocreativeprofessionalsandwearenowextendingourleadinthe digital marketingspacewiththeadditionofNeolane. Fromcampaigncreationthrough planning, executionandoptimization,Adobetechnologyisdrivingtheentiremarketingprocess.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/P82IKZm66XY/
Adobe Acquires Conversational Marketing Platform Neolane For $600M In Cash To Bolster Its Marketing Cloud
Adobe today announced that it has acquired Neolane, a conversation marketing company with an annual revenue of just under $60 million, in a transaction that’s worth $600 million in cash. Neolane was founded in 2001 and is currently headquartered in Paris, France, with offices around Europe, North America and Asia. The company’s customers include the likes of Accor Hotels, Alcatel-Lucent, IKEA, Samsung, Sony and Dior. For Adobe, which is putting quite a few resources into its Marketing Cloud, this acquisition adds a new piece to its feature lineup. Adobe does offer Adobe Social, which provides a number of social media-tracking and analysis tools. Neolane’s feature lineup, however, is far larger and includes tools like handling leads, marketing resource management, high-volume email marketing campaigns and a real-time offer recommendation engine for personalized, one-to-one messages.Neolane, Adobe says, will become the sixth solution in the Marketing Cloud, joining its existing Analytics,Target,Social, ExperienceManagerand MediaOptimizerofferings. Last year, Neolane raised a $27 million funding round led byBattery Ventureswith participation byAuriga Partners and XAnge Private Equity. TheacquisitionofNeolanebrings criticalcross-channelcampaignmanagementcapabilitiesto theAdobe MarketingCloud,saidBradRencher,seniorvicepresidentandgeneralmanagerof AdobesDigitalMarketingbusiness in a canned statement today. Adobehas longbeen the trustedpartnertocreativeprofessionalsandwearenowextendingourleadinthe digital marketingspacewiththeadditionofNeolane. Fromcampaigncreationthrough planning, executionandoptimization,Adobetechnologyisdrivingtheentiremarketingprocess.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/P82IKZm66XY/
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