Bay Meadows is located among some of Silicon Valley’s most cutting-edge companies. 2013 was a breakthrough year for many San Mateo firms.
Marketo – I.P.O. Success
The spring saw one of the year’s hottest IPOs, courtesy of Marketo, the wildly successful enterprise software company that focuses on the marketing and sales sector. “Marketo makes a mint in IPO: San Mateo company’s stock shoots up more than 50 percent higher in debut,” read the headline from the San Jose Mercury News.
The bullish outlook surrounding Marketo didn’t end there. In December, the firm made its first acquisition, purchasing Insightera for a reported $20 million. The move signals the company will continue to innovate and remain highly competitive in the burgeoning cloud computing space.
San Mateo Companies Among Fastest Growing
Marketo also made the Inc. 500/5000 list of fastest growing companies in 2013, ranking 367 with 1,205 percent growth for the previous three years. See below the nine other San Mateo companies that made the list:
SolarCity – Best Place to Work
Seven-year old SolarCity corporation not only made the Inc. 500/5000 list again in 2013, it also was honored by Glassdoor as one of the 50 best places to work for 2014. With the audacious goal of utterly transforming the way energy is delivered, SolarCity is making headlines in major business press with growth expected to continue indefinitely. The company currently has over 500 open positions nationally. SolarCity ranked 18th on Glassdoor’s list, which relies solely on anonymous input from employees who respond to company review surveys.
RingCentral – Best New Product of the Year in Telecommunications
San Mateo’s RingCentral has been a pioneer in cloud-computing based business phone systems since its founding in 2003. In 2013, RingCentral was named winner of “Best New Product or Service of the Year” at the 11th Annual American Business Awards.
In addition to being a hotbed for numerous tech and energy companies, San Mateo is also home to stalwart financial services companies Franklin Templeton Investments and Franklin Resources, Inc. Charles B. Johnson, the recently retired chairman of Franklin Resources, made one of the country’s most auspicious lists, ranking fourth on the Chronicle of Philanthropy’s Top 10 Publicly Announced Gifts. Johnson pledged $250 million to Yale University for new residential buildings.