Magento Development Company In India | Best B2B Ecommerce Development company India

Magento B2B Ecommerce Development Company In India :


Magento officially started development in early 2007. Seven months later, on August 31, 2007, the first public beta version was released.[citation needed]



Varien, the company owning Magento, formerly worked with osCommerce. Varien had originally planned to fork osCommerce but later decided to rewrite it as Magento.


In the first years of its existence, the platform has been the winner of the "Best of Open Source Software Awards" and "SourceForge Community Choice Awards" several times.

In February 2011, eBay announced it had made an investment in Magento in 2010, worth a 49% ownership share of the company. On June 6, 2011, eBay announced that it would be acquiring the rest of Magento, which would join its new X.Commerce initiative. Magento's CEO and co-founder Roy Rubin wrote on the Magento blog that "Magento will continue to operate out of Los Angeles, with Yoav Kutner and me as its leaders.".

Yoav Kutner left Magento in April 2012, citing that the vision for Magento had changed since the time of acquisition due to high-level staff changes.[

As a result of the breakup of eBay following Carl Icahn's raid, Magento was spun out as an independent company by the new owner Permira private equity fund on 3 November 2015.

In May 2018 it was announced that Magento would be acquired by Adobe for $1.68bn with a view to integrating it into Adobe Experience Cloud, its Enterprise CMS platform.The acquisition was finalized on June 19, 2018.

Magento provides two distinct platforms: Magento Open Source (previously Magento Community Edition) and Magento Commerce; the latter is available in an on-premises version (previously Magento Enterprise Edition) or as a platform-as-a-service (previously Magento Enterprise Cloud Edition). There were also two former platforms, Magento Professional Edition, and Magento Go. Learn more

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