The first public release is March 2008. In June 2011, Magento Inc. was acquired by eBay Inc. and sold in 2015 to a private investment company Permira. In May 2018, Magento Inc. became the property of Adobe Inc.
Magento is an international company. The technical part of the Magento team is located in Kyiv and Austin (USA), while the central office is in Campbell, California. The marketing and sales team is concentrated in Culver City (former headquarters).
At the moment, it is known that Adobe has decided to close the Kyiv office and focus on the development in the United States.
As of February 2013, according to Alexa, Magento is the most popular online store management system in the world.
Magento is one of the most popular open E-commerce systems for organizing electronic commerce on the Web: more than 100 thousand online stores were created on the basis of this platform, more than 2 thousand extensions were created by third-party developers, the project community has about 375 thousand participants.
To date, more than 3800 certified developers are registered in the Magento directory, and this number is growing.
In January 2017, Magento received another $ 250 million investment to grow in the growing Asian e-commerce markets.
Magento is a leading e-commerce platform with approximately 30% of the market.
Magento is currently introducing voice commerce features. The Magento team is working with Amazon and Google on how both catalogue product sources to link Magento and make the service available through Amazon Alexa.