Marketo, the Silicon Valley cloud-based marketing and sales management software company, is set to go public.

Marketo’s European headquarters are based in Leopardstown, south Dublin, where it plans to employ 125 people by 2014 as part of an expansion backed by the IDA.

The initial public offering (IPO) is expected to commence after the US regulator, the Securities and Exchange Commission, completes the review process initiated by Marketo’s confidential submission of its draft registration statement.

In 2011, Marketo was named Silicon Valley’s fastest-growing privately held firm by the Silicon Valley Business Journal, having grown by 1,486 per cent from 2008 to 2010. The firm was founded in 2007.