From Adobe
Adobe, which has been busy boosting its capabilities in advertising, content creation and analytics, has now added a major commerce component with the announcement Monday that it will buy Magento Commerce for $1.68 billion.
An open source platform with 300,00 developers, 800 technology partners and 350 integrated systems in its community, Magento provides order management, shipping and predictive intelligence, as well as online stores.
Small to medium-sized brands as well as enterprises like Canon, Rosetta Stone, Coca-Cola, Warner Music Group, Nestlé and Cathay Pacific employ Magento. Mark Lavelle, Magento CEO, will lead the effort within Adobe’s Digital Experience business. Magento’s software was first generally released in 2008. In 2011, it was purchased by eBay, but it went private again in 2015.
[Read the full article on MarTech Today.]
About The Author
Barry Levine covers marketing technology for Third Door Media. Previously, he covered this space as a Senior Writer for VentureBeat, and he has written about these and other tech subjects for such publications as CMSWire and NewsFactor. He founded and led the web site/unit at PBS station Thirteen/WNET; worked as an online Senior Producer/writer for Viacom; created a successful interactive game, PLAY IT BY EAR: The First CD Game; founded and led an independent film showcase, CENTER SCREEN, based at Harvard and M.I.T.; and served over five years as a consultant to the M.I.T. Media Lab. You can find him at LinkedIn, and on Twitter at xBarryLevine.
This marketing news is not the copyright of Scott.Services – please click here to see the original source of this article. Author: Barry Levine
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