Magento has experienced amazing growth over the past several years, as it has become an industry leader, recognizable for its top eCommerce platforms and solutions. Magento recently announced a new partnership, via a blog entry written by Rob Rubin called eBay Agrees to Acquire Magento. The article announced an agreement to be acquired by eBay Inc. The declaration expressed the opportunities that await Magento, marking a milestone on their journey to improve the quality and products for ecommerce.
EBay was founded by Pierre Omidyar, in his San Jose Living room, on September 1995. The person-to-person trading community brings buyers and sellers together to buy, sell and auction goods. Ebay consists of millions of sold collectibles, appliances, clothing, apparel, toys, computer, and etc. Ebay is evolving to become involved in developing an ecommerce strategy leveraging the worldwide developer community. Magento will be the core of upcoming, open commerce platform, called “X.Commerce.” Magento and eBay have a friendly history as partners. In fact, in March 2010, eBay was the first outside investor for Magento.
Now that the two companies are joining forces, to spark innovation and improve the ecommerce ecosystem, you may be wondering what this acquisition means for the rest of us. Until more information leaks, time will only tell. For now, Magento is building a strong team of individuals dedicated and passionate about improving the quality of their ecommerce products. The platforms and products will strengthen and improve the dynamic of the Magento Community, Magento Developers, Magento Enterprise, Magento Mobile Platforms and Magento Go Platform.
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