At the time of writing, SharpSpring (NASDAQ: SHSP) stock is trading at around $7. 90 per share. This is down from its 52-week high of $20. 53 per share. The stock has been riding a downward trend since trading above $20 earlier this year.
The primary drivers of the decline have been several recent earnings reports that missed analyst expectations and raised concerns about the company’s outlook for the rest of the year. First, the company revised its full-year revenue guidance downward for 2020 in its Q1 2020 earnings release in April.
Then, in its Q2 2020 earnings release in July, the company reported a net loss of $2. 1 million versus analysts’ estimates of a $2. 8 million profit. The market responded negatively to this news and the stock price has been steadily sliding ever since.
Investors will likely be looking to the company’s upcoming Q3 2020 earnings release to see if the company is able to rebound and return to profitability. If the report fails to meet expectations, the stock will likely continue its downward trend.
On the other hand, if the company is able to beat expectations, investors may be encouraged to buy the stock, pushing the price back up.
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How much did SharpSpring sell for?
SharpSpring, an email automation and marketing software company, was acquired by MarTech company, Corona Systems in March 2021. The terms of the acquisition were not disclosed, however, reports indicated that the deal was worth an estimated $200 million.
The acquisition helps to expand Corona’s marketing technology portfolio and allows them to become a more comprehensive marketing automation platform. Additionally, Corona has also established a partnership with MarketSharp (which is now a subsidiary of SharpSpring) to provide customers with a more comprehensive ‘Marketing Stack Solution’.
The acquisition will enable SharpSpring to become a part of a larger, more diverse platform that can better suit their current and prospective customers. Corona Systems will leverage SharpSpring’s expertise and resources to help them better compete with other established players in the marketing technology market.
The acquisition also allows SharpSpring to focus on its product development and expansion efforts, helping them to better serve their customers’ needs. All in all, the acquisition is beneficial to both parties and goes to show that consolidations in the MarTech industry are on the rise.
How much did Constant Contact pay for SharpSpring?
In February 2019, Constant Contact, a leading email marketing platform, announced the acquisition of SharpSpring, a B2B marketing automation platform. The two were a natural fit, as SharpSpring focused largely on helping B2B customers reach out to their leads and prospects, while Constant Contact was one of the top providers for email marketing tools.
The acquisition cost Constant Contact a total of $325 million in cash and stock. SharpSpring shareholders were reportedly offered $15. 50 in cash and 0. 0808 of a share for each outstanding share of SharpSpring common stock.
This concluded to a price of approximately $27. 40 per each share held. Since their announcement, both companies have continued to build their relationship and explore new opportunities. Constant Contact and SharpSpring have integrated their marketing technologies to offer their customers a more diverse range of marketing solutions.
In addition, they’ve kept their existing customer bases on both platforms, while also delivering new additions to their respective services. Together, they’ve been able to continue improving their services and bringing valuable marketing solutions to their customers.
Who bought SharpSpring?
In 2019, HighBAR Partners (formerly Marlin Equity Partners) acquired SharpSpring, Inc. , a leading provider of cloud-based marketing automation solutions, to strengthen its portfolio of marketing automation companies.
Currently operating as a stand-alone business unit, SharpSpring serves more than 5,000 customers worldwide, including top-tier companies such as Samsung, Adobe, GoPro, Lenovo, and Yelp.
SharpSpring’s technology helps marketers build and maintain relationships with clients through its comprehensive combination of CRM, marketing automation, and analytics solutions. The company provides fully integrated platforms for email marketing, social media management, website personalization, and analytics.
According to HighBAR Partners, the acquisition “will position SharpSpring to continue its impressive track record of growth, customer acquisition and technological innovation. ”.
HighBAR Partners sees tremendous value in SharpSpring and its proprietary marketing automation technology. HighBAR Partners’ president, Todd Kehrli, said in a statement, “We believe SharpSpring’s marquee customer base, powerful technology and exceptional team will be the foundation for successful growth and further acceleration of the company’s industry-leading marketing automation solution.
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Is SharpSpring publicly traded?
No, SharpSpring is not publicly traded. The company is privately held, meaning that ownership is not publicly traded on the open market. However, the company’s shares can still be purchased by accredited investors who meet certain criteria.
SharpSpring is also backed by venture capital. The company’s recent Series C fundraising round in 2017 raised $20million from sources like Solid Fire Capital and OpenView Venture Partners.
How many customers does SharpSpring have?
SharpSpring currently has more than 5,000 customers around the world. We pride ourselves in providing the best customer service and support, and our customer base is continually growing. Our customers span across various industries such as technology, healthcare, real estate, finance, and more.
We are proud to provide industry-leading, easy-to-use marketing automation solutions that empower businesses and organizations to grow and succeed. We focus on providing the ultimate in personalized customer experiences, enabling businesses to have more meaningful interactions with their customers.
We offer a comprehensive suite of marketing management tools that enables our customers to solve their unique business challenges, pursue marketing objectives, and execute strategies.
How many social accounts can you have connected to SharpSpring at one time?
SharpSpring allows you to connect and manage up to 10 social accounts at a time. This includes accounts on popular platforms like Facebook, Twitter, and Instagram, as well as others. You can add more than 10 accounts if needed, but each additional account requires a fee.
SharpSpring also offers additional features for managing social media, such as tracking and managing reviews, automating posts and tracking their performance, and viewing a unified dashboard to get a better understanding of your social presence.
So, while you are technically limited to connecting 10 social accounts at a time, there are plenty of other tools available to help you get the most out of your social media marketing efforts.
Is SharpSpring a CMS?
No, SharpSpring is not a CMS or a content management system. It is a marketing automation platform for businesses and digital marketers. It is designed to provide a comprehensive range of tools and features to automate, manage, and measure marketing activities.
Its features include email marketing, lead tracking, analytics, CRM integration, and multichannel campaign management. It also provides easy-to-understand reports and predictive analytics to help businesses make sound marketing decisions.
SharpSpring is a great solution for businesses looking to streamline and simplify their marketing operations.
Who bought Constant Contact?
In 2016, Endurance International Group (EIG) purchased Constant Contact. The purchase was driven by EIG’s desire to expand their portfolio of products and services for small- and medium-sized businesses (SMBs).
The acquisition was completed on April 1, 2016 for an estimated total purchase price of $1. 1 billion. Constant Contact is a provider of cloud-based marketing, email marketing, and communication products for SMBs.
With the purchase, Endurance brought Constant Contact’s tools, marketing suites, and userbase of more than 650,000 customers with whom to engage. The buyer planned to integrate Constant Contact’s services with its existing portfolio of offerings, including domain name registration and cloud web hosting services.
It also planned to capitalize on Constant Contact’s expertise in marketing tools, an area that Endurance noted it was interested in exploring more.
How much does Marketo cost per month?
The cost of Marketo varies depending on what type of plan you choose and the number of users you have. There are three main plans to choose from: Standard, Select, and Elite. All three plans come with unlimited sending and automated smart campaigns, plus a dedicated customer success manager.
Standard starts at $1,195 a month, Select starts at $2,995 a month, and Elite starts at $4,995 a month. Additionally, you must pay for a minimum of 2 users, and each additional user is $450 per month.
For larger businesses, custom enterprise-level plans are also available.
Overall, the cost of Marketo varies depending on the plan and the number of users you have. To find out more about the different plans and pricing, you can visit Marketo’s website and speak to one of their customer success managers.
Which is better salesforce or Marketo?
This question is difficult to answer because it depends on the needs of the customer. Salesforce and Marketo both have different advantages that make each product suitable for specific customer needs.
Salesforce offers an integrated CRM platform that provides comprehensive customer profiles, support for analytics and reporting, and customer service automation. It also includes detailed customer segmentation capabilities, which enable organizations to reach out to segments of their customer base with targeted messages and offers.
Additionally, Salesforce has a wide variety of third-party integrations, which makes it easy to integrate with other software products and extend the capabilities of the system.
Marketo provides a complete marketing automation platform that helps organizations engage with customers and prospects throughout their lifecycle. Marketo’s core capabilities include segmentation, customer journey mapping, customer acquisition, lead management, marketing automation, email automation and mobile marketing.
Marketo also supports A/B testing, multivariate testing and remarketing. Additionally, Marketo’s customer relationship management (CRM) integration capabilities make it easy to track customer interactions and keep customer data up to date.
The decision of which platform to use is ultimately determined by the customer’s needs and business objectives. Therefore, it is important to evaluate both Salesforce and Marketo to determine which one is the best fit for a particular business.
Is Marketo worth?
Yes, Marketo is worth it. Marketo is an incredibly powerful marketing automation tool that can help businesses save time, drive more leads, and increase sales. Marketo is renowned for being a secure and reliable platform, and it has been used by some of the world’s most successful companies to successfully grow their business.
Marketo also features an intuitive and easy-to-use platform that allows users to quickly understand the software and get up and running quickly. Marketo also makes it easy to integrate with third-party applications and services, allowing businesses to connect their marketing data with those of other organizations.
Finally, Marketo’s powerful analytics and reporting allow marketers to track the results of their campaigns and make data-driven decisions. All of this makes Marketo worth the investment for any company looking to grow its presence online.
How is Marketo better than HubSpot?
Marketo and HubSpot are both powerful marketing automation solutions tailored to help marketers create and nurture relationships with customers. Marketo has some distinct advantages over HubSpot, however.
While HubSpot is marketed as an all-in-one solution for businesses, Marketo focuses specifically on marketing automation, offering comprehensive solutions for segmentation, lead-scoring, engagement, CRM integration, email marketing and more.
Additionally, Marketo’s platform is much more robust and customizable, allowing users to create prescriptive automation techniques, personalize campaigns and access powerful insights regarding campaigns and customer interactions.
Marketo is also well-suited for compliance-oriented businesses, providing a secure and agile platform capable of keeping up with robust global compliance requirements.
Moreover, Marketo offers marketers an advantage in terms of scalability. For instance, Marketo comes equipped with responsive templates, providing marketers with the flexibility to quickly adapt designs for multiple devices.
Additionally, Marketo offers advanced analytics, helping marketers to gain insights into customer behavior and campaigns in real time.
Finally, Marketo’s pricing is often more competitive than HubSpot’s, with powerful features and straightforward, easy-to-understand plans. Marketo is also well-regarded for its excellent customer service, offering marketers unparalleled support to maximize the longevity of their business’s success.
Is Marketo similar to Mailchimp?
No, Marketo is not similar to Mailchimp. Marketo is a marketing automation platform that provides marketing professionals with powerful tools and data to generate leads, convert them into customers, and measure and improve performance.
Marketo provides a variety of tools for managing campaigns, optimizing content, and leveraging data and advanced analytics to craft a personalized customer journey. Marketo also allows marketers to create and nurture longer-term relationships with their customers through automated emails, content, and opportunities for social engagement.
On the other hand, Mailchimp is an email marketing platform that helps businesses create and execute powerful email campaigns. It provides tools for creating and sending emails to customers, tracking the results of campaigns, and managing customer data.
While both Marketo and Mailchimp provide powerful tools for marketing efforts, they serve very different purposes and are not similar to each other.
Can you use Marketo as a CRM?
Yes, you can use Marketo as a CRM. Marketo is a powerful marketing platform that includes CRM, email, automation, and analytics capabilities. The app can be used to track and store customer data, automate emails, and generate meaningful insights into marketing campaigns and customer behavior.
Marketo’s CRM capabilities allow you to manage and gain visibility into your customer relationships. It enables you to store and track customer data, capture leads, segment customers, and track and analyze customer journeys.
With its easy-to-use drag-and-drop workflow builder, you can quickly create automated customer interactions and nurture campaigns that are personalized and efficient. In addition, Marketo allows you to track engagement data and gain insights into the customer journey for a better understanding of the customer experience.
You can also use Marketo to connect with other apps like Salesforce and Dynamics 365 to further enhance your CRM capabilities.
