Marketo moves to new 7,000 sq ft European HQ

“We are actually impressed with the quality of people we are hiring in Ireland," commented Phil Fernandez, co-founder and CEO of Marketo. "Ireland is an excellent launch pad into the European market and we view it as Europe's premier cloud computing centre."

Marketo has raised US$107 million since it was founded in 2006. A furthermore funding rounds led by Battery Ventures gave the company a US$70m war chest.Marketo's managing director for Europe Fergus Gloster said that innovation is helping firms to grow out of the recession and Marketo is a case in point.

The US from 2008-2010

“We have seen nearly 1500pc growth in the US from 2008-2010, proving that our innovation can help businesses grow even in tough economic times.  When there is nowhere left to cut, the focus must be on increasing earnings," he said.