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Adobe to buy digital marketing company for $US600 million

Michael De La Meced (via NYT/ AFR) | July 1, 2013
Adobe Systems has agreed to buy Neolane to add social media advertising to their offerings.

Adobe Systems has agreed to buy Neolane, a digital marketing services provider, for about $US600 million ($655.16 million), as more companies look for ways to add social media advertising to their offerings.

Neolane, which is privately held, specialises in providing a platform through which companies can manage and automate their marketing across the web, social media and mobile. Adobe plans to fold it into its marketing cloud division, which already offers services like analysis.

Other companies have made big moves into the space. Earlier this month, Salesforce.com agreed to buy ExactTarget for $US2.5 billion, paying a 53 per cent premium for the digital marketing firm.

Adobe itself has struck a number of deals for marketing-related companies, including Omniture, Day Software and Efficient Frontier.

The deal is expected to close in July.

 

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