A Leading Commerce Platform Magento is Acquire By Adobe for $1.68 Million

Adobe has officially announced the acquiring of Magneto Commerce, a leading commerce platform, thereby marking the next big step in the journey to driving innovation across every slant. This collaboration of Magneto commerce cloud with Adobe experience cloud now will serve as a single platform for both B2B and B2C customers across the globe. However, the deal will officially close in the third quarter of 2018.

With the same vision of innovation in future of digital experience, Adobe and Magneto strengthen the content and data with the open commerce platform. Mark Lavelle CEO of Magneto commerce happily announces the news believing it to be a great opportunity for its customers, partners and development community. As a part of Adobe’s digital experience business, Magneto’s CEO Mark Lavelle will continue to lead the team and reporting to Brad Rencher- executive vice president and general manager of Adobe.

The platform offered by the Magneto has been long regard as a solid choice for the companies who wish to manage and built online stores. Magneto presently offers two platforms:

  • An open source version that helps the developer to customize and build on
  • A paid version with the additional functionality

Adobe has made plans to change the way Magneto has made available to developers and businesses. The company will share the details later this year when it’ll be the time to close the deal. Hoping that Adobe will keep the Magneto open source platform alive for developers to learn and improve.

A Leading Commerce Platform Magento is Acquire By Adobe for $1.68 Million
Dev Bhushan

Dev Bhushan is the founder and CEO of Nettechnocrats. Dev has become a consistent leader with a reputation for tenaciously protecting his clients' interests. He has built a prestigious image in his pursuit of excellence, winning the trust and confidence of customers and industry partners. Connect with him on LinkedIn to know more about his futuristic business ventures.

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