By Dec 2016 it stores 9706 Magento extensions both free and paid ones. If you want an advanced functionality and a custom theme, go to Magento Connect, claimed to be the largest eCommerce application marketplace out there. As a result of the breakup of eBay, Magento was spun out as an independent company by the new owner Permira private equity fund on November 3, 2015.Īs you install the Magento base, you get a default theme from Magento. The buyers are Sterling Partners, Longview Asset Management and Innotrac Corp., along with companies owned by the Permira Funds.

In 2015, eBay announced that it has sold eBay Enterprise (which includes the Magento product) to a group of investors for $925 millions. A year later, they acquired the rest of it for $180 millions. In 2010 eBay made a $90 million investment in Magento, worth a 49% ownership share of the company. Thus, their average junior PHP developer is equal to a middle and sometimes even senior level in other companies.

The company requires extremely strong PHP knowledge from its development staff. Since its launch in May 2009 within first 3 months Magento has signed over 60 clients and that was just the beginning. It offered new modules and advanced functionality along with customer support. Varien faced the real flood of money with the launch of Magento Enterprise edition, based on Open source, as well as Community edition. The latter is the term from Dungeons & Dragons meaning ‘Wizard’. Magento is believed to be a mix of Bento and Mage. Varien had to abandon the originally planned ‘Bento’ due to a naming conflict with FileMaker Inc. Magento’s name and logo are considered to be inspired by tabletop role-playing game Dungeons & Dragons. By now there are 240 people working there.

establishing the first Ukrainian development office. Having proved his high level of expertise, the guy introduced Yoav to more skilled PHP developers and couple months later Yoav met them in Kiev. Why Ukraine? Yoav Kuttner, former Varien СТО, told in his interview that when building the development team back in 2006, right a week after he had decided to quit searching for remote developers and focus on establishing LA-based inhouse team, he got a letter from an aspiring Ukrainian programmer willing to work for them. Magento for 99,9% was developed in Ukraine, though the head office of Varien, the company making it, is based in Los Angeles and fully owned by US-based management. Do you like Magento as much as we do? We don’t like to take ourselves too seriously all the time so this week we thought we’d tell you 10 facts you never knew about Magento!

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