Marketo Bought For $1.8 Billion | Crunch Report

TL;DR

Marketo, a marketing software company, was bought by Vista Equity Partners for $1.8 billion. Paypal is halting operations in Turkey. Sirin Labs unveils the Solarin, a privacy-focused smartphone priced at $14,000.

Transcript

Marketo bought for 1.8 billion Dollars, Paypal halts operations in Turkey and a $14,000 smart phone It's Tuesday May 31st and this is Crunch Report What's up TechCrunchLand hope you had a great weekend and a fantastic holiday. I sure did! You ready for some Tech News? Marketo, the marketing software giant that went public in 2013, was just bought i... Read More

Key Insights

• ❤️‍🩹 Marketo's acquisition by Vista Equity Partners puts an end to speculation of potential buyers like Microsoft and SAP.
• 👨‍💼 Turkey's efforts to bring more control to its tech business have resulted in Paypal suspending its operations in the country.
• 📱 The Solarin smartphone focuses on privacy and will only be sold to individuals identified with their passports.
• 👏 Iranian government's requirement for messaging apps to move Iranian user data onto servers in Iran raises concerns about user privacy.
• ✋ The Solarin's high price of $14,000 makes it a luxury device for those seeking privacy-focused features.
• ❓ Marketo's acquisition highlights the significance of the marketing software industry.
• 😄 Paypal's closure in Turkey will impact the ease of online transactions for businesses and consumers.

Questions & Answers

Q: Who purchased Marketo and for how much?

Marketo was acquired by Vista Equity Partners for a cash sum of $1.8 billion.

Q: Why is Paypal halting operations in Turkey?

Paypal failed to obtain a new license for its services in Turkey, as the country seeks greater localized control of tech businesses.

Q: What are the features of the Solarin smartphone?

The Solarin smartphone includes features such as third-party mobile security and encryption software, a Snapdragon 810 processor, a 23.8-megapixel camera, and a 5.5" IPS LED 2k resolution screen.

Q: How will the closure of Paypal in Turkey affect businesses and consumers?

Tens of thousands of businesses and hundreds of thousands of consumers in Turkey will be affected by the closure of Paypal's operations in the country.

Summary & Key Takeaways

• Marketo, a marketing software company, was purchased by Vista Equity Partners for $1.8 billion in cash.

• Paypal has announced that it will stop operations in Turkey due to the country's efforts to bring more control to its tech business.

• The Solarin, a smartphone focused on privacy, has been unveiled by Sirin Labs and will be available for sale with prices starting at $14,000.